In 2023, Brazil's re-import of personal deodorants and antiperspirants amounted to 25.21 thousand US dollars. Forecasts for 2024 suggest a growth to 26.14 thousand US dollars. A steady increase is expected over the subsequent years, reaching 29.75 thousand US dollars by 2028. The projected average year-on-year growth rate from 2024 to 2025 is 3.57%, with a CAGR of approximately 3.32% across the five-year forecast period from 2024 to 2028.
Future trends to watch for include:
- Potential fluctuations in international trade policies impacting import costs.
- Innovations in product formulations enhancing the market appeal.
- Evolving consumer preferences towards sustainable and organic products.
- Macroeconomic factors such as currency fluctuations and inflation rates affecting purchasing power.