In 2023, Japan's import of personal deodorants and antiperspirants stood at a significant level. However, the forecast for the upcoming years indicates a clear declining trend, with the import volume expected to decrease from 653.57 thousand kilograms in 2024 to 394.67 thousand kilograms by 2028. This represents a year-on-year decrease in volume, showing a consistent reduction pattern year after year.
The compound annual growth rate (CAGR) reflects a negative trend, highlighting the shrinking import volume over these forecasted years. This decline suggests a possible shift in market dynamics, consumer preferences, or local production adjustments.
Future trends to watch for include potential increases in local production capabilities, shifts in consumer preferences towards locally produced or alternative products, and changing import regulations that may further impact the volume of imports into Japan in this market segment.
