Between 2013 and 2023, Indonesia's import of personal deodorants and antiperspirants exhibited fluctuations with an overall upward trend. Significant peaks were noticed in 2014 and 2016, followed by some declines in 2017 and 2018. By 2023, the imports stood at approximately 2.52 million kilograms, reflecting a moderate year-on-year increase of 2.5%. From 2018 to 2023, a compound annual growth rate (CAGR) of 4.18% was observed, indicating steady growth over the last five years.
Future trends to watch for:
- From 2024 to 2028, imports are forecasted to grow modestly with a CAGR of 1.89%, suggesting a gradual but stable increase.
- The five-year forecasted growth rate of 9.79% indicates positive market dynamics, potentially driven by rising consumer demand and increasing disposable incomes in Indonesia.
- Monitoring economic conditions, evolving consumer preferences, and the impact of sustainability trends will be critical to understanding how this market evolves.