Chile’s import of essential oils, perfumes, cosmetics, and toiletries demonstrated a variable trend from 2013 to 2023. In 2023, imports were valued at $981.66 million USD, indicating a steady growth phase. From 2013 to 2023, the year-on-year variation ranged from -4.35% to 11%, with fluctuations between negative and positive growth due to economic conditions and market demands. Notably, the latest CAGR over the past five years (2023-2028) is projected at 2%, with an expected growth rate of 10.42% over this period.
Future trends to watch include:
- Continual growth in the demand for organic and natural products
- Impact of e-commerce on import volumes
- Market adaptations to changing consumer preferences and regulatory environments
- Technological advancements in cosmetics impacting import choices