The import of lip make-up preparations to the Philippines has shown a steady increase, with values rising consistently from 2024 to 2028. In 2023, the import volume stood at 0.965 million kilograms, indicating continuous growth. Year-on-year variations are as follows: 4.16% from 2024 to 2025, 3.92% from 2025 to 2026, 3.70% from 2026 to 2027, and 3.48% from 2027 to 2028. Over the last two years, from 2023 to 2024, the increase was 3.94%. The Compound Annual Growth Rate (CAGR) over 5 years is 3.79%, showcasing a stable upward trend.
Future trends to watch for include emerging consumer preferences for organic and natural products, potential market saturation, and the impact of global economic factors on consumer spending. Additionally, developments in e-commerce platforms may significantly influence import volumes.
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