The import of beauty, make-up, and skin care preparations to Finland has shown significant fluctuations over the past decade. The actual data for 2023 showed a value of 137.38 million USD, with a year-on-year increase of 1.1%. Analyzing trends over the last two years, there has been a stable growth with a CAGR of 0.27%. Looking at the longer-term trend from 2018 to 2023, the average annual growth was modest at 3.67%.
Future projections show a steady increase in imports, with values expected to reach 145.16 million USD by 2028. The forecasted five-year CAGR is 0.87%, indicating a projected growth rate of 4.42% over this period.
Future trends to watch for include:
- Increasing Consumer Demand: As consumer preferences continue to evolve, there may be increased demand for organic and scientifically advanced beauty products.
- Regulatory Changes: New EU regulations could impact import patterns and product availability, affecting market dynamics.
- Technological Advancements: Innovations in product formulations and packaging might influence import requirements and trends.