In 2024, the total revenue of the cosmetics market in ASEAN reached 4.764 billion US dollars. Among them, Indonesia ranked first with a scale of 1.96 billion US dollars, accounting for 41% of the regional total share, demonstrating a significant market dominance.
Slinmeng has long been dedicated to the research and development and production of high-quality cosmetic raw materials. In 2023, after recognizing the huge potential of the Indonesian market, the company promptly organized a research and development team, invested a great deal of energy and resources, and established initial connections with local cosmetic enterprises in Indonesia through online trading platforms and industry forums. After more than a year of efforts, the quality and performance of the products have been recognized by Indonesian customers, and the orders have gradually increased.
In 2024, Slinmeng exported a total of 70 tons of cosmetic raw materials to Indonesia, with a value of 500,000 US dollars, successfully breaking into the Indonesian market. In the future, it will continue to deepen its efforts and launch more products that meet local demands.