The forecasted export of Perfumes and Toilet Waters from the Philippines shows a yearly decline from 2024 to 2028. Initial values start at 526.74 thousand kilograms in 2024 and decrease steadily to 259.8 thousand kilograms by 2028. This indicates an annual decrease of 13% to 20% year-on-year. In 2023, the actual values were higher, suggesting a downward trend in exports. The compounded average growth rate (CAGR) over the next five years shows a consistent decline in export volumes.
Future trends to watch for include:
• Changes in global demand for perfumes and toilet waters, which may impact export figures.
• Economic and market conditions in key export destinations, which could influence trade volumes.
• The potential impact of local policies and regulations on the production and export of these goods.
• Innovations and shifts in consumer preferences that could drive new opportunities or challenges in the market.