The import of eye make-up preparations to Indonesia has exhibited significant growth from 2013 to 2023, starting at USD 18.794 million in 2013 and reaching USD 57.759 million in 2023, with a steady upward trajectory. This growth equates to a Compound Annual Growth Rate (CAGR) of 8.71% over this 10-year period. The year-on-year (YoY) analysis displays fluctuations with high peaks, such as in 2018 (50.53%) and consistent but more moderate growth in recent years, including a 5.02% increase in 2023. Notably, the last two years show stable increases, with a 5.4% rise in 2022 and 5.02% in 2023.
Looking ahead, the forecasted period from 2024 to 2028 suggests a continued, albeit slower, growth trend with a forecasted five-year CAGR of 3.22%, indicating a more gradual but sustained increase in imports, culminating in an anticipated USD 70.813 million by 2028. The forecasted five-year growth rate of 17.17% reinforces this steady progression.
Future trends to watch for include potential impacts from economic fluctuations, changes in consumer preferences towards organic or innovative eye make-up products, and evolving import regulations and trade policies. Keeping an eye on technological advancements in the cosmetics industry and marketing strategies will be essential for understanding future dynamics.
