MILAN — Cosmetics exports continued to buoy the Italian beauty industry in 2013, while the domestic market remained in a slump. According to the national association of cosmetics companies Cosmetica Italia, that’s a trend likely to remain constant over the coming year.
By the end of 2013, the value of cosmetics products purchased in Italy reached 9.4 billion euros, or about $12.83 billion at current exchange, equivalent to a slight (-1.3 percent) dip on-year, while the value of exports rose 12 percent to 3.2 billion euros, or about $4.4 billion. The total production value for Italian cosmetics therefore averaged a 3 percent increase over the previous year.
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