The import of perfumes and toilet waters to Singapore shows a consistent upward trend from 2013 to 2028, with a CAGR (Compound Annual Growth Rate) fluctuating but generally decreasing over the years. The year-on-year growth varied, with significant growth observed in 2017 (16.93%) and a gradual deceleration towards a forecasted CAGR of 2.43% by 2028. This indicates a maturing market with slower growth rates expected in the future. The forecasted 5-year growth rate from 2023 to 2028 is 12.77%, suggesting a steady, albeit slower, increase in import values.
Looking ahead, the perfume and toilet water import market in Singapore is likely to experience moderate growth, driven by consumer preference shifts and increased focus on sustainable and eco-friendly products. Innovations in product offerings and enhanced online retail experiences are key trends that could influence future import volumes.