The import of powders for skincare and make-up to China has shown substantial growth over the past decade, standing at $269.56 million in 2023. The actual year-on-year variation was 5.37% from 2022 to 2023, demonstrating a slightly decelerating growth trend compared to previous years. The CAGR over the last five years (2018-2023) was 3.89%, indicating a steady increase but at a slower pace than the earlier years.
Future trends to watch for include:
- Increased demand for premium beauty and skincare products driving imports.
- Growing consumer interest in organic and natural powder products.
- Evolving e-commerce platforms enhancing product availability and accessibility.