Contraband Rules Cosmetics Market

Iran’s cosmetics market is worth around $1 billion, 70% of which are dominated by contraband and fake products, according to the head of Importers of Toiletries, Cosmetics and Perfumes Association’s board of directors.
“The market of skincare products and perfumes is as big as $3 billion, with smuggled and fake products accounting for 65% of the market,” Hamid Moqimi was also quoted as saying by ILNA.
The Ministry of Industries, Mining and Trade has banned the import of toiletry and cosmetic products since May 2019.