UAE cosmetics exports up 67%, but Hormuz risk is the wild card
The Middle East is one of the markets K-beauty export teams mention most. Korean cosmetics exports to the UAE jumped 67.2% to $286.5M.
What the article says
- The Middle East cosmetics market is projected to grow from $19.23B to $26.24B by 2034
- An industry representative called K-beauty's growth outlook there especially promising, given climate and consumer preferences
- But US–Iran military tension, with airspace closures and a Strait of Hormuz blockade, is hitting logistics; companies like CJ Olive Young are looking for alternative routes
- Possible delays flagged for Bahrain, Qatar, Israel, the UAE and Saudi Arabia
- Indirect costs from exchange rates, fuel and freight are rising too
The practical angle Growth is high, but a single geopolitical event can swing lead times and costs sharply. How much local stock to hold, and how to use hubs like Dubai, becomes the key question.
If you export to the Middle East: how are you managing logistics risk? Have you changed your air/sea split or local inventory rules?
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