The import of pre-shave, shaving, and after shaving preparations to the Philippines is forecasted to grow steadily from 2024 to 2028, with values increasing from 233.05 thousand kilograms in 2024 to 262.33 thousand kilograms by 2028. The actual import value in 2023 stood at 225.82 thousand kilograms, showing a year-on-year growth of 3.21% to 2024. The year-on-year variations from 2024 to 2028 suggest a consistent upward trend, with a compound annual growth rate (CAGR) of approximately 2.98% over the five-year period.
Future trends to watch for include:
- Increased consumer interest in grooming products driven by rising disposable income and urbanization.
- Potential shifts in import patterns due to trade policies and tariff changes.
- The impact of new product introductions and innovations in the shaving and grooming sector.