On the scent

SPAIN exported €6.515 billion in perfumes, cosmetics and essential oils last year, 21 per cent more than in 2021.

These figures were the highest since it first began carrying out surveys in 2017, announced Spain’s National Association of Perfumes and Cosmetics (Stanpa).

Cosmetics are now one of Spain’s principal exports, ahead of wine and footwear, each of which registered international sales of approximately €3 billion in 2022. They also outstripped olive oil exports of €4.2 billion, Stanpa pointed out.

The industry now exports to more than 175 countries, compared to 150 in 2021 when Europe accounted for 82 per cent of Stanpa members’ foreign sales.

These fell to 51 per cent in 2022, with the remaining 49 per cent destined for the US, UK, Mexico, China and United Arab Emirates.

The group revealed that 100 pubs are in line for full revamps which will cost around £200,000 (€227,445) each as part of its investment programme.