The import of Hair Preparations to Thailand in 2023 was 89.888 million USD, representing a stable growth trajectory. The year-on-year variation from 2021 to 2023 showed a consistent increase: 2.94% in 2021, 2.8% in 2022, and 2.67% in 2023. This period also reflects a positive compound annual growth rate (CAGR) of 2.72% over the last five years.
From 2013 to 2023, the trend in import value has fluctuated with notable dips and recoveries. The early period from 2013 to 2016 saw slight declines, followed by moderate growth from 2017 onwards. The CAGR during this decade indicates an overall upward trend with minor variations. Looking ahead, the forecasts for 2024 and beyond project continued moderate growth, with the import value expected to reach 100.88 million USD by 2028.
Future trends to watch for:
- Impact of global economic conditions on consumer spending and import market
- Changes in consumer preferences towards natural and organic products
- Technological advancements in hair care product formulations
- Growth of e-commerce channels influencing import patterns
