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

The export of Beauty, Make-Up, and Skin Care Preparations from China has seen significant fluctuations over the years. In 2023, the export value stood at $2.9558 billion. Between 2013 to 2023, there was an overall positive trend with noteworthy growth periods such as 2017 and 2018, seeing year-on-year growth rates of 20.7% and 21.69% respectively. However, from 2022 to 2023, the growth rate slightly declined to 4.12%, and the 5-year CAGR before 2023 was 3.63%, indicating a deceleration in growth.

Looking forward, the export value is forecasted to increase steadily, reaching $3.5672 billion by 2028. The forecasted 5-year CAGR till 2028 is 2.95%, predicting a more moderate growth compared to previous years but still positive. The expected growth rate for the next five years is 15.66%, demonstrating resilience in China's beauty, make-up, and skincare export market.

Future trends to watch for include potential economic impacts from global market demands, shifts in consumer preferences, advancements in product formulations, and international trade policies. Additionally, China's ability to innovate and sustain competitive pricing could play crucial roles in shaping this sector's future growth trajectory.