The import of beauty, make-up, and skin care preparations to Turkey shows an overall upward trend from $242.05 million in 2013 to a forecasted $390.45 million in 2028. Year-on-year values fluctuate, with changes such as a -4.84% drop in 2018 followed by a 5.57% increase in 2019. Recent years have shown moderate growth, with a year-on-year increase of 8.6% in 2021 and a forecasted 2.87% in 2023. The calculated CAGR over the last five years up to 2023 is 3.59%. Forecasted CAGR for the next five years stands at 2.14%.
Future Trends to Watch
Analysts should monitor changing consumer preferences, increasing demand for premium products, and economic factors impacting disposable income. Regulatory changes and evolving international trade policies might also influence future import trends.