Forecast: Import of Powders for Skin Care and Make-Up to Malaysia

Over the past years, the import of powders for skin care and make-up to Malaysia has experienced fluctuations. From 2013 to 2023, there were alternating periods of growth and decline with a notable negative dip in 2018 and minor decline in 2020. For 2023, the import stood at 3.1633 million kilograms, reflecting a year-on-year increase of 1.66%. The Compound Annual Growth Rate (CAGR) over the last five years stood at 2.9%, indicating a steady upward trend following earlier instability.

Future trends to watch for:

- The forecasted data from 2024 onwards shows a gradual increase in import volumes, with a CAGR of 1.29% projected over the next five years.- Watch for market shifts triggered by consumer preferences towards natural and organic skincare products potentially driving up demand.- Monitor the impact of policy changes and international trade agreements that might influence import trends in the cosmetics sector.