The import of perfumed bath salts and other bath preparations to Indonesia experienced significant volatility from 2013 to 2023. The series saw its highest values in 2013, followed by a dramatic decline until 2015. A resurgence began in 2016, with a steady climb to 2023, where the import value stood at 2.1319 Million US Dollars. Over the past two years, the trend showed modest growth with year-on-year variations of 1.49% in 2022 and 1.44% in 2023. The average annual growth (CAGR) over the last five years remains slightly negative at -2.3%.
Future trends indicate a forecasted steady increase with a 5-year CAGR of 1.13%, suggesting a gradual recovery in the import values with a predicted growth rate of 5.76% by 2028. Given this, stakeholders should watch for:
- The impact of global economic conditions on luxury and non-essential import goods.
- Changes in consumer behavior and preferences towards bath products.
- Trade policies and their potential impact on import dynamics.
- Rise of local bath preparation producers potentially affecting imports.
