The forecast for the import of perfumes and toilet waters to India shows a gradual decline from 2.1288 million kilograms in 2024 to 1.9194 million kilograms in 2028. The year-on-year variation percentage indicates a consistent downward trend: 2025 sees a decrease of approximately 2.53%, 2026 drops by around 2.54%, 2027 declines by about 2.57%, and 2028 further reduces by close to 2.58%. As we are in 2024, it's important to note from the previous two years (2022 and 2023) that there has been a steady reduction. The Compound Annual Growth Rate (CAGR) over the five-year forecast period averages a decrease of around 2.56% per year.
Future trends to watch for include shifts in consumer preferences towards domestic products, potential trade policy changes, emerging market competitors, and economic factors impacting disposable income and luxury spending in India. Enhanced focus on sustainable products and packaging may also influence import volumes.