Indonesia's export of essential oils, perfumes, cosmetics, and toiletries has exhibited considerable growth from 2013 to 2023, standing at 911.12 million USD in 2023. The year-on-year variation and CAGR fluctuated over the years, reflecting both market opportunities and challenges. Significant growth periods were observed in 2014 and 2021. However, the export value dipped slightly in 2015 and 2020.
From 2024 to 2028, a steady growth trajectory is forecasted, with a calculated five-year CAGR of 2.29%, indicative of a moderating but stable upward trend.
Future trends to watch for include:
- Innovations in product formulations.
- Rising global demand for natural and organic products.
- Potential trade policies impacting export dynamics.