The import of Essential Oils, Perfumes, Cosmetics, and Toiletries to the UAE experienced various short-term fluctuations from 2013 to 2023. In 2023, it stood at 3.2625 Billion US Dollars, marking a slight increase. Over the last two years, year-on-year growth was modest at approximately 0.73-0.75%. The CAGR over the last five years hovers around 0.47%, indicating a relatively stable market in recent years with occasional minor declines.
Future trends to watch for:
- Increasing consumer preference for premium and organic products.
- The impact of global supply chain disruptions on import costs.
- Rising e-commerce adoption driving market growth.