Between 2013 and 2023, the export of beauty, make-up, and skin care preparations from Finland exhibited volatility. The highest value was recorded in 2014, with subsequent years showcasing a significant decline and minor recoveries. The values ranged from 42.513 million USD in 2013 to 27.189 million USD in 2023. This decline is highlighted by year-on-year percentage changes, such as the sharp -31.33% in 2015 and a consistent downward trend starting from 2019. The last two years showed a decrease of -2.1% year-on-year, while the last 5-year CAGR was -2.93%.
Looking ahead, the forecast indicates a continued decline. The projected values from 2024 to 2028 suggest a 5-year CAGR of -1.88%, estimating a value of 24.14 million USD by 2028, which represents a total decrease of 9.07%. This sustained downward trend implies cautious market conditions for the export sector in this industry.
Future trends to watch for include:
- Global economic conditions impacting consumer demand for beauty products.
- Innovations and sustainability practices within the industry, potentially influencing export demand.
- Trade regulations and bilateral agreements affecting Finland's export capabilities.
- Emerging markets and their consumption patterns for beauty and skincare products.
