The import of lip make-up preparations to Indonesia has shown a general upward trend from 2013 to 2023. In 2023, the imports stood at a value of 42.205 million US dollars, reflecting a steady increase. Over the last two years, the year-on-year variation was 5.37% in 2022 and 4.99% in 2023. The last five-year CAGR has been relatively modest at 3.77%.
Future trends to watch for:
- Continued growth with a forecasted five-year CAGR of 3.2% from 2024 to 2028.
- Year-on-year variations indicate steady incremental growth with consistent consumer demand.
- Potential impacts from emerging beauty trends and economic factors within Indonesia.