The export value of hair preparations from Thailand experienced a declining trend from 2013 to 2017, with a notable drop of 3.62% in 2017. In 2018, the trend changed positively with an 11.62% year-on-year increase. This positive growth continued gradually through 2023, which ended with an export value of $892.69 million in USD. The CAGR over the past five years was 1.55%. The forecast indicates a consistent growth trend with a projected CAGR of 1.25% over the next five years, reaching nearly $965.9 million by 2028.
Future trends to watch for:
- Market expansion in emerging economies.
- Increased demand for organic and natural hair products.
- Innovations in formulations and sustainable packaging.
- Impact of global economic factors on export pricing.
