The import of pre-shave, shaving, and after-shaving preparations to Indonesia has exhibited noteworthy fluctuations over the past decade. In 2023, the import volume stood at 134.09 thousand kilograms. Comparing the year-on-year percentage changes, the period from 2021 to 2023 shows mild increases of 7.33%, 1.88%, and 1.81%, respectively.
Reviewing the last five years, the compound annual growth rate (CAGR) presents an average annual variation of 0.11%. The forecast for 2024 to 2028 predicts a steady upward trajectory with a 1.4% CAGR and an overall growth rate of 7.2%.
Future trends to watch for:
- The growing shift towards natural and organic shaving products.
- Potential rise in local manufacturing impacting import volumes.
- Influence of global supply chain dynamics on availability and pricing.
- Increased demand driven by male grooming trends and disposable income growth.
