From 2013 to 2022, Singapore's exports of beauty, make-up, and skin care preparations showed a strong upward trend, increasing from $1.9752 billion to $5.9971 billion, reflecting varying year-on-year growth rates. Notable variations include a substantial 35.7% growth in 2017 but a decline of 2.08% in 2019. The Compound Annual Growth Rate (CAGR) over the last five years was 9.43%. Forecasted data indicate continued growth from $6.2929 billion in 2023 to $7.6903 billion by 2028, with an anticipated 5-year CAGR of 3.17%.
Future Trends to Watch: Rising consumer demand in emerging markets, advances in product innovation, and heightened awareness of personal care will likely drive export growth. Monitoring global economic shifts and regulatory changes will be crucial for maintaining competitive advantage in this sector.