In 2023, the import of perfumes and toilet waters to India stood at $118.24 million. From 2024 to 2028, the forecasted trend shows a consistent upward trajectory with annual imports expected to increase progressively from $123.25 million in 2024 to $141.42 million in 2028. The year-on-year growth indicates a steady increase, suggesting rising demand or price increases. The Compound Annual Growth Rate (CAGR) over the five-year forecast period is projected to be around 3.5%, reflecting a moderate yet sustained growth.

Future trends to watch for:

Changing consumer preferences towards luxury or niche fragrances which might affect import values.
Impact of economic fluctuations on disposable incomes, potentially affecting import demand.
Trade and tariff policies impacting import costs and pricing dynamics in the market.