The export value of Essential Oils, Perfumes, Cosmetics, and Toiletries from Finland has experienced fluctuations over the past decade. Starting at 83.499 million USD in 2013, a slight decrease followed in 2014, ahead of a significant drop in 2015. Thereafter, the export value seesawed before stabilizing around 71 million USD from 2019 onwards. In 2023, the export stood at 71.056 million USD.
Year-on-year variations show significant fluctuations in the early years, with a notable dip in 2015 and recovery seen from 2017. Over the last two years, the export value recorded minimal growth of approximately 0.026-0.027% per year, indicating a stabilization in the market.
Examining the last five years, the Compound Annual Growth Rate (CAGR) reflects a marginal decline of about -0.78%. Forecasts suggest a slight positive trend ahead, with a forecasted 5-year CAGR of 0.02% and an overall growth rate of 0.11% by 2028.
Future trends to watch for include potential market shifts due to changing consumer preferences, advances in bio-based cosmetics, and global trade policy changes. Additionally, sustainability concerns and innovations in natural ingredient sourcing could shape the market dynamics in the coming years.