Analyzing the historical data of imports of essential oils, perfumes, cosmetics, and toiletries to Finland from 2013 to 2023, we observe that the import value reached 365.23 million USD in 2023. Throughout the years, the market has seen significant year-on-year fluctuation, such as a notable drop in 2015 of 17.55% and a rebound in 2017 with a 13.45% increase. Over the last two years, the imports showed a moderate increase of 1.36% in 2022 and 1.32% in 2023, demonstrating relative stability. The compound annual growth rate (CAGR) over the past five years has averaged around 0.53%.
Moving forward, the forecast data indicates a steady increase in imports, with the value expected to reach 390.01 million USD by 2028. The forecasted 5-year CAGR is 1.03%, providing an expected growth rate of 5.28% over this period. It's essential to watch trends related to consumer preferences, regulatory changes, and global supply chain issues, as these could impact import dynamics. Technological advancements and innovations in product formulations could also drive future market growth.