The Perfumes and Toilet Waters market in Mexico experienced a decline from 2012 to 2013, followed by a modest recovery in 2014. A significant drop in 2015 was followed by gradual stabilization until 2018. The market plateaued from 2018 to 2020, with minor fluctuations in value. In the most recent years, the market showed a slight decline from 2020 to 2022. In 2023, the market stands at approximately $0.88 billion USD.
Key variations over the last two years:- Year-on-year variation for 2021: -0.25%- Year-on-year variation for 2022: -0.25%The average annual growth rate (CAGR) over the last five years is 0.27%.
Future trends to watch for:- Potential shifts in consumer preferences towards premium and niche fragrances.- Impact of economic factors on discretionary spending.- Growth in online sales channels for perfumes and toilet waters.- Influence of environmental and sustainability concerns on product formulations and packaging.
How does Mexico rank in Perfumes and Toilet Waters Market Size Value?
| # | 55 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 25,234,000,000 | 2023 | +1.96% | +1.95% | View data |
| 2 | 2 France | 6,062,900,000 | 2023 | -0.14% | +0.55% | View data |
| 3 | 3 Germany | 5,710,500,000 | 2023 | +0.12% | -0.83% | View data |
| 4 | 4 United Kingdom | 4,968,700,000 | 2023 | +0.46% | -0.34% | View data |
| 5 | 5 Italy | 3,404,200,000 | 2023 | +0.79% | +0.54% | View data |
| 11 | 11 Canada | 950,450,000 | 2023 | +0.75% | +0.61% | View data |
| 12 | 12 India | 921,030,000 | 2023 | +3.46% | +5.34% | View data |
| 13 | 13 Mexico | 881,430,000 | 2023 | -0.24% | -0.29% | |
| 14 | 14 Israel | 812,060,000 | 2023 | +4.63% | +6.74% | View data |
| 15 | 15 Austria | 697,630,000 | 2023 | +1.6% | +0.83% | View data |
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