The import of Lip Make-Up Preparations to Saudi Arabia was valued at 52.54 million USD in 2023. Forecasts for the coming years indicate a steady increase: 53.53 million USD (2024), 54.538 million USD (2025), 55.526 million USD (2026), 56.494 million USD (2027), and 57.443 million USD (2028). The year-on-year variation shows a consistent annual growth rate of nearly 2% over the last two years. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 averages at approximately 1.8%, reflecting a stable upward trend in imports of lip make-up products.
Future trends to watch for include:
- Changing consumer preferences towards premium and organic brands.
- Impact of economic policies and market regulations within Saudi Arabia.
- Shifts in global trade dynamics and their effect on import costs and supply chains.