The import of lip make-up preparations to Poland demonstrated variability between 2013 and 2023. The value witnessed fluctuations with significant drops in 2015 and 2020. However, the trend recovered, steadily increasing from 2018 onwards, standing at $77.037 million in 2023. Additionally, the year-on-year variation over the last two years showcased a moderate growth rate of 2.5% and 2.39%, respectively. The average CAGR over the past five years (2018-2023) indicates a growth rate of approximately 3.27%.
The forecasted data suggests a consistent upward trend, projecting the value to reach $86.421 million in 2028. Despite a slowing 5-year forecast CAGR of 1.81%, the overall market is anticipated to grow by 9.38% by 2028.
Future trends to watch for include:
- Increased consumer demand for premium and organic lip products.
- Influence of beauty and fashion trends driven by social media.
- Potential economic uncertainties impacting consumer spending.
- Emergence of new market players and innovative products.