Forecast: Export of Beauty, Make-Up and Skin Care Preparations from Malaysia

The export value of Beauty, Make-Up, and Skin Care Preparations from Malaysia has shown a considerable upward trend from 2013 to 2023, rising from $112.19 million to $179.78 million. Notably, the year-on-year variation demonstrates fluctuations, with significant growth observed in 2018 (38.4%) compared to more modest increases in recent years, like 3.16% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at 2.08%.

Looking forward, forecasted data till 2028 indicates a steady growth pattern with a 5-year CAGR forecasted at 2.33%, translating to a 12.22% growth over the period. The future export value is projected to reach $208.53 million by 2028.

Future trends to watch for:

• Continued steady growth supported by increasing global demand for beauty and skincare products.
• Possible impact of global economic conditions and trade policies on export growth rates.
• Expansion in emerging markets and increased digital sales channels could further bolster exports.
• Innovations in product formulations and sustainable practices may drive market preference.