The import volume of lip make-up preparations to Malaysia was 2.47 million kilograms in 2023. The forecasted figures for 2024 to 2028 show a steady year-on-year increase. Specifically, imports are projected to rise from 2.5611 million kilograms in 2024 to 2.9219 million kilograms by 2028. The year-on-year percentage variations are as follows:
- 2024: 3.69%
- 2025: 3.63%
- 2026: 3.43%
- 2027: 3.25%
- 2028: 3.09%
Looking at the longer-term trend, the imports of lip make-up preparations to Malaysia are expected to witness a compound annual growth rate (CAGR) of approximately 3.42% from 2024 to 2028.
Future trends to watch for include shifts in consumer preferences towards sustainable and organic lip make-up products, potential regulatory changes impacting import policies, and evolving market dynamics influenced by economic conditions and international trade developments.