The export of beauty, make-up, and skin care preparations from Spain has shown significant fluctuations over the years. From 2013 to 2023, the data reveals consistent growth with a few disruptions. In 2023, the exports stood at 1276.0 million US dollars. The year-on-year variations have fluctuated, showing sharp increases in some years (like 2017 and 2018) and minor declines in others (such as 2015 and 2020). Over the past five years, the CAGR has stabilized around 3.04%, indicating steady growth despite economic challenges.
The forecasted data from 2024 to 2028 shows a gradually increasing trend in export value, suggesting a continued positive growth trajectory. The forecasted five-year CAGR is 2.55%, with an overall growth rate of 13.41% for the period.
Future trends to watch for:
- Continuous innovation in beauty and skincare formulations driving demand.
- Emerging markets potentially contributing to increased export volumes.
- Impact of global economic factors and consumer trends on export performance.
- Regulatory changes in export markets affecting trade dynamics.