From 2013 to 2022, the import of lip make-up preparations to Belgium exhibited significant fluctuations. After a notable growth from 2015-2016 (59.37% and 78.98%), stabilization occurred post-2017 with a notable decline in growth rates. The anticipated 2024 value of $107.62 million follows the forecasted upward trend from $103.25 million in 2023, marking a 4.22% year-on-year increase and a 2024 CAGR of 2.88% over the next five years.
Future Trends: Market growth is expected to continue, albeit at a moderated pace. Key factors include product innovation, consumer preference shifts, and potential economic impacts.