The sold production of brushes for the application of cosmetics in Spain stood at 227.06 thousand Euros in 2023. Analyzing the data from 2013 to 2023 reveals an overall growth until 2016, followed by a sharp decline in 2017 and moderate fluctuations thereafter. The year-on-year variation in 2022 and 2023 were minimal, at -1.33% each year. The 5-year CAGR leading up to 2023 shows a modest incline at 0.89%.
Moving to the forecasted data starting from 2024, the trend indicates a gradual decline in value with a 5-year forecasted CAGR of -1.15%, projecting a decrease of 5.62% by 2028.
Future trends to watch for:
Future trends to watch for would include increased innovation in cosmetic brush technology, sustainable production methods, and shifts in consumer preferences towards eco-friendly products which could potentially impact the market. Additionally, economic factors and changes in consumer spending could further influence these trends.
