The forecasted import value of Pre-Shave, Shaving, and After Shaving Preparations to the Philippines shows a steady growth from 2024 to 2028. The import values are expected to increase from USD 2.0258 million in 2024 to USD 2.3081 million in 2028. This represents a consistent year-on-year growth. In 2023, the import value stood at USD 1.957 million, marking an increasing trend continuing into the forecast period.
The percentage variations over the last two years indicate a stable upward trend:
- 2024: +3.51%
- 2025: +3.59%
- 2026: +3.40%
- 2027: +3.22%
- 2028: +3.06%
The Compound Annual Growth Rate (CAGR) for the period from 2023 to 2028 is approximately 3.36%.
Future trends to watch for include potential impacts from global supply chain fluctuations, changes in consumer preferences towards grooming products, and economic conditions in the Philippines, which might influence the import dynamics of these products.
