According to the data from China’s National Bureau of Statistics, the total retail sales of cosmetics in China reached CNY 299.2 billion (USD42.6 billion) in 2019, a year-on-year growth of almost 13%, which indicated a fourfold increase since 2009. Meanwhile, the Swiss cosmetics industry exported in the value of over CHF260 million to China in 2019 with an increase of 23.8% year-on-year according to the data released by Swiss Customs.
China’s finalized new Cosmetics Supervision and Administration Regulation (in Short: CSAR) will take effect on January 1, 2021. The CSAR can be regarded as the " responsibilities of cosmetic license holders to ensure product safety and quality fundamental law" of the cosmetics industry in China. It introduces a risk-based approach to regulate cosmetic products, emphasizes compliance throughout the entire product life cycle, and increases responsibilities of cosmetic license holders to ensure product safety and quality.
In June 2020, the Chinese State Council released the long-awaited new cosmetics regulatory framework – Cosmetics Supervision and Administration Regulation (hereinafter referred to as CSAR). The CSAR, coming into force on January 1, 2021, will replace the existing Cosmetics Hygiene Supervision Regulations of 1989, as last amended in 2019.
Potential for Swiss companies
This new policy will allow a larger number of foreign cosmetics to enter the Chinese market without complicated pre-market registration and approval.