By 2023, the import value of Essential Oils, Perfumes, Cosmetics, and Toiletries to Thailand reached $2.3205 billion USD. The trend analysis reveals annual data with notable growth fluctuations, featuring significant increases in 2015 (11.45%) and 2018 (16.84%). Despite slight declines in 2014 and 2020, the overall trend shows growth, reflected in the CAGR of 3.58% from 2018 to 2023, and the forecasted CAGR of 2.73% over the next five years suggests continued, albeit slower growth.
Future trends to watch for:
- Increasing consumer preference for premium and organic products.
- Growing e-commerce influence on the cosmetic industry.
- Potential regulatory changes impacting imports.