Last year was a particularly complicated year for the Spanish C&T industry. Accustomed to a long run of important growth which has seen market size double since 1998, the sector has been forced to come to terms with a new market reality. The latest annual report released in April by the Spanish Perfumery and Cosmetics Association (Stanpa) revealed not only negative results for all product categories but also a negative evolution for every distribution channel in 2009. Total 'sell-in' turnover for Stanpa amounted to ?4.5bn, which represented a 7.45% decline over the previous year and a retreat to where the market had stood in 2005. In terms of domestic consumption, total sales are estimated to be in the area of ?7.5bn marking a 4% decline over the previous year according to industry experts.
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