The export of perfumes and toilet waters from Indonesia has shown significant fluctuations over the past decade. As of 2023, the volume stood at 9.9841 million kilograms. Year-on-year variations have ranged from -15.41% in 2015 to 24.92% in 2018. Over the last two years, the export volume grew by 2.42% in 2022 and 2.32% in 2023. The average annual growth rate over the past five years has been 1.45%. Future forecasts indicate a steady growth trend culminating in 11.167 million kilograms by 2028, with a forecasted 5-year CAGR of 1.76%, reflecting a cumulative growth of 9.13%.
Future trends to watch for:
- Market demand shifts influenced by global economic conditions.
- Impact of trade policies and tariffs on export volumes.
- Growth of the middle class in Asian markets driving higher demand.
- Technological advancements in fragrance production enhancing export quality.