Analysis of Forecast: Import of Essential Oils, Perfumes, Cosmetics, and Toiletries to Mexico
Based on the data provided:
- 2024: $3.2761 Billion
- 2025: $3.3764 Billion (YOY variation: 3.06%)
- 2026: $3.4746 Billion (YOY variation: 2.91%)
- 2027: $3.5708 Billion (YOY variation: 2.77%)
- 2028: $3.6652 Billion (YOY variation: 2.65%)
Last 2 years' variation: In 2025, the value increased by 3.06% from the previous year, and in 2026, it grew by 2.91%.
Last 5-year CAGR: 2.85%
Future Trends to Watch: The consistent year-on-year growth indicates a stable increase in the demand for imported essential oils, perfumes, cosmetics, and toiletries in Mexico. Future trends to watch include shifts in consumer preferences towards premium and organic products, regulatory changes, and potential impacts of economic factors such as exchange rates and trade policies.