The import of hair preparations to the Philippines is forecasted to rise steadily over the next five years. For 2024, the value is projected at 208.38 million USD, increasing to 239.34 million USD by 2028. This translates to a consistent year-on-year growth, averaging approximately 3.5% annually. By comparing forecasted values from 2024 against actual import values from 2023, we can see a positive and sustained upward trajectory. Over the observed five-year period, the CAGR (Compound Annual Growth Rate) amounts to a notable 3.6%, signaling robust market performance and increasing demand for hair preparations in the Philippines.
Future trends to watch for will include shifts in consumer preferences towards natural and organic hair products, the impact of digital and online retail channels, and potential changes in import regulations or tariffs which could affect market dynamics. Monitoring these factors will be crucial for accurately predicting future market conditions and opportunities.
