The export of essential oils, perfumes, cosmetics, and toiletries from Argentina showed a varied pattern over the years. From a peak value of 790.16 million USD in 2013, exports have generally declined, with notable drops in 2016 and 2018. The export value stabilized somewhat from 2019 onward, varying marginally year-on-year. By 2023, the export value stood at 557.37 million USD. The last five years' average annual growth rate (CAGR) was -0.16%, indicating a slight overall reduction. Looking ahead, the forecasted CAGR for the next five years remains negative at -0.16%, suggesting a prolonged but gradual decline.
Future trends to watch for include potential changes in global demand for natural and organic products, technological advancements in extraction and formulation, and any shifts in trade policies or economic conditions that may impact Argentina's competitiveness in this sector.