The import of perfumes and toilet waters to Japan stood at $263.1 million in 2023. Forecasted values indicate a consistent and modest growth trend over the next five years, with imports projected to reach $280.09 million by 2028. Year-on-year, the percentage increase for 2024, 2025, 2026, 2027, and 2028 is expected to stabilize around 1.25%. Over the last two years, variations have shown steady growth, and the Compound Annual Growth Rate (CAGR) over the next five years is projected to be around 1.25% annually.
Future trends to watch for:
- Increasing demand for premium and luxury brands
- Shifts in consumer preferences towards natural and organic products
- Impact of global economic conditions on consumer spending power
- Potential influence of e-commerce growth and digital marketing strategies