The export value of Essential Oils, Perfumes, Cosmetics, and Toiletries from Mexico has shown varied trends from 2013 to 2023, with a significant decline between 2013 and 2018. The year-on-year variations averaged a -1.34% decline from 2013 to 2022, before stabilizing with an upward trajectory from 2021. Post-2023, forecasts indicate a steady growth, with the export value expected to reach $2.4688 billion by 2028, marking a 1.21% CAGR over the forecasted period.
The future trends to watch include potential impacts from global supply chain shifts, increased demand from emerging markets, and technological advancements in product innovation. Sustainability practices and regulatory changes will also play crucial roles in shaping the market outlook.