From 2013 to 2022, the import value has shown fluctuations with both positive and negative year-on-year percentage changes. Notably, the past two years (2021 and 2022) have experienced moderate positive growths of 7.68% and 2.2% respectively. For the coming years, from 2023 onwards, the data indicates a consistent upward trend, with the forecasted 5-year CAGR standing at 1.62% and an overall forecasted 5-year growth rate of 8.34%.
Future Trends to Watch
Looking ahead, consider the impact of sustainable and clean beauty products on import values. Increasing consumer demand for natural and eco-friendly beauty and skin care items could drive further growth. Moreover, innovation in skincare technology and tailored beauty solutions may create additional market opportunities.