The forecast for the import of essential oils, perfumes, cosmetics, and toiletries to Norway from 2024 to 2028 shows a consistent year-on-year increase. The values expressed in million US dollars indicate steady growth, beginning with 745.07 in 2024 and reaching 789.06 by 2028. The market in 2023 stood at 733.85 million US dollars, providing a basis for comparison. The year-on-year growth rates from 2024 to 2028 are observed to be around 1.5% to 2%, with a Compound Annual Growth Rate (CAGR) of around 1.75% over the past five years. This demonstrates a stable and gradual increase in imports.
Future trends to watch for include:
- Potential shifts in consumer preferences toward natural and organic products.
- Regulatory changes impacting import tariffs and trade agreements.
- Technological advancements in the industry that could drive demand for innovative products.