Russia

Overview

• In 2017, the GDP in Russia was around 1.53 trillion U.S. dollars and projected  to grow to 1.89 trillion by 2022 (Statista 2018)

• Russia’s population is concentrated within the 25-54 year age group, which represents approximately 45% of the total population

• Russia’s three main cities account for approximately 12% of the total population

• Russia ranks 35^th out of 190 countries in the 2018 doing business report¹

Source: Doing Business Report (2018)

Russia – Cosmetics Market

Overview

• The value of Russia’s cosmetics market surpassed RUB$500 billion, and is expected to continue growing at a rate 7-8%
• The Russian cosmetics market (2.2% of the world) occupies the fourth place in Europe after Germany, France and the United Kingdom
• The average annual expenditure on cosmetics is around 170 euro for personal hygiene and beauty, which implies active spending up to 30% of salary. This is higher than in the countries of Western Europe

• Euromonitor positions Russian facial care as the fifth largest in Europe with 8% year-on-year growth and further average dynamics of 9% up to 2017. Facial care registered the strongest current retail value growth in skin care, being the last products Russian consumers would economize on

Source: sources on footnote of each graph