The export of beauty, make-up, and skin care preparations from Indonesia has shown fluctuating trends over the past decade. In 2023, the export value stood at $155.37 million, marking a 2.62% year-on-year increase from 2022. The average annual growth rate (CAGR) over the last five years was 2.98%. The observed data indicates periods of both decline and growth, with significant fluctuations in yearly percentage changes. Forecasts from 2024 to 2028 predict a slower but steady growth, averaging a 1.97% CAGR, leading to a cumulative growth rate of 10.24% over five years.
Future trends to watch for include the impact of global economic conditions on export demand, evolving consumer preferences towards organic and sustainable beauty products, and the potential influence of trade policies and tariffs. Emerging markets and digital channels could also present growth opportunities for Indonesian beauty exports.
