Forecast: Import of Hair Preparations to China

The import of hair preparations to China has shown a robust growth trajectory from 2013 to 2023. In 2013, the import value stood at USD 107.1 million, and it increased substantially to USD 653.14 million by 2023. Notable year-on-year variations include a peak rise of 81.16% in 2015, while the growth was more tempered at 5.43% in 2023. The CAGR has gradually decreased from 25.64% during the earlier years to 4.13% in recent years, indicating a stabilization in growth rates. The actual import value in 2023 was USD 653.14 million.

The forecast data from 2024 to 2028 suggests a continuing, albeit slower, growth trend with a forecasted 5-year CAGR of 3.41%. By 2028, imports are expected to reach USD 811.47 million, reflecting a forecasted 5-year growth rate of 18.27% over 2023 levels. Key trends to watch for include potential impacts of economic policies, shifts in consumer preferences and the influence of local competitors.

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