From 2012 to 2022, the per capita value of the dentifrices market in the Philippines showed growth with fluctuations. It started at 1.69 USD per capita in 2012 and reached 3.9 USD per capita in 2022. Significant increases were noted from 2014 onwards, with notable jumps between 2018 and 2019. The market experienced a slight decrease in 2020, likely due to the pandemic, but resumed growth in 2021, maintaining this upward trend into 2022.
Year-on-year, there was a 4.1% increase from 2021 to 2022 and a 4.4% increase from 2020 to 2021. The compound annual growth rate (CAGR) over the last five years is approximately 4.1%, indicating sustained growth in the market.
Future trends to watch for include increased market penetration in rural areas, rising consumer awareness about oral hygiene, and the introduction of innovative products such as natural and organic dentifrices. Additionally, digital marketing and e-commerce will likely play a significant role in the market's growth trajectory.
| # | 53 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 21.28 | 2023 | View data | ||
| 2 | 2 New Zealand | 20.94 | 2023 | View data | ||
| 3 | 3 Australia | 20.28 | 2023 | View data | ||
| 4 | 4 Israel | 20.03 | 2023 | View data | ||
| 5 | 5 Latvia | 19.29 | 2023 | View data | ||
| 41 | 41 Moldova | 4.31 | 2023 | View data | ||
| 42 | 42 Nicaragua | 4.3 | 2023 | View data | ||
| 43 | 43 Philippines | 4.22 | 2023 | |||
| 44 | 44 Kazakhstan | 4.1 | 2023 | View data | ||
| 45 | 45 Peru | 4.03 | 2023 | View data | ||
