Forecast: Import of Powders for Skin Care and Make-Up to Philippines

The import of powders for skin care and make-up to the Philippines for the year 2023 stood at 9.93 million kilograms. Forecasted data from 2024 to 2028 indicate a consistent upward trend in volume, with annual values of 10.389, 10.855, 11.312, 11.76, and 12.199 million kilograms respectively.

- Year-on-year variation is as follows:

- 2024: 4.61%

- 2025: 4.48%

- 2026: 4.21%

- 2027: 3.95%

- 2028: 3.73%

The compound annual growth rate (CAGR) over these forecasted years from 2024 to 2028 stands at roughly 4.2%, reflecting a stable and positive growth trajectory.

In future trends, it is crucial to monitor potential factors influencing this market, such as changes in consumer preferences, advancements in product formulations, and possible regulatory shifts. The impact of economic conditions on consumer spending and the potential rise of local brands could also influence import levels.