The import value of powders for skin care and make-up to Sweden has been steadily increasing from 2013 to 2023, showing a general upward trend despite some fluctuations. In 2023, the import value stood at 22.316 million USD. Over the past two years, the year-on-year variation shows a positive trend of 2.63% in 2022 and 2.51% in 2023. The compound annual growth rate (CAGR) over the last five years, ending in 2023, was 2.98%, indicating moderate growth.
Key variations and trends observed over the entire period include:
- Significant increase from 2013 to 2014 (+24.66%) and from 2016 to 2017 (+16.9%)
- Notable fluctuations with slight decreases in 2015 and 2016
- Steady growth observed from 2019 onwards, with minor decrements such as in 2020
The forecasted data indicates continued growth, with the import value projected to reach 25.172 million USD by 2028. The forecasted five-year CAGR is 1.9%, giving an overall forecasted growth rate of 9.84% over the next five years.
Future trends to watch for include:
- Emerging markets in the beauty industry that may influence import patterns
- Consumer preferences shifting towards natural and organic products
- Advances in e-commerce platforms facilitating increased imports