The export of Essential Oils, Perfumes, Cosmetics, and Toiletries from Brazil is set to grow significantly over the 2024-2028 period. The projected values are $1.0196 billion in 2024, increasing to $1.1213 billion in 2028. Comparing these figures, the year-on-year percentage growth rates are steady, indicating a healthy upward trend. The forecast shows a Compound Annual Growth Rate (CAGR) of approximately 2.42% from 2023 to 2028.
For reference, the actual export value in 2023 stood at $0.9953 billion. Over the prior two years, average annual growth was about 2.42%, reflecting consistent expansion.
Future trends to watch for include potential impacts of rising global demand for natural and organic personal care products, economic policies impacting trade, and shifts in consumer preferences towards sustainability. Monitoring these factors will be crucial for providing a more detailed future outlook.