The export of essential oils, perfumes, cosmetics, and toiletries from the UAE has experienced significant fluctuations and growth over the past decade. Starting at 954.34 million USD in 2013, the exports witnessed a sharp decline by 48.68% before gradually increasing again. Notably, from 2017 onwards, there was a strong upward trend, peaking in 2018 with an impressive 48.4% year-on-year growth. While there was a slight dip in exports in 2019 and a marginal decrease in 2020, the market continued its upward trajectory, with exports reaching 3755.6 million USD in 2023.
- 2013-2023 average annual growth rate (CAGR): 1.5%
- Last two years' variations: 4.03% in 2022, 3.79% in 2023
- Forecasted 5-year CAGR (2024-2028): 2.75%
- Forecasted 5-year growth rate: 14.5%
Future trends to watch for include markets' response to sustainability practices and increased demand for organic and natural products. The technological advancements in production and packaging along with shifting consumer preferences towards personalized and luxury cosmetics will likely influence the export dynamics going forward.