In 2023, the export value of Essential Oils, Perfumes, Cosmetics, and Toiletries from the Philippines stood at $89.8 million. The forecasted data from 2024 to 2028 shows a consistent decline in export value, with an annual average decrease in CAGR of approximately -2.7%. The year-on-year variations highlight a steady drop each year: -2.68% in 2025, -2.7% in 2026, -2.72% in 2027, and -2.74% in 2028.
Future trends to watch for include potential impacts from global economic fluctuations, changes in consumer preferences towards natural and organic products, and increased competition in the global market. Sustainable and innovative product offerings could play a crucial role in stabilizing or reversing the current downward trend.