The import of eye make-up preparations to Finland has shown a noticeable upward trend, rebounding from the low value of $13.791 million in 2015 to $21.221 million in 2023. Over the last five years, the CAGR stands at 1.79%, reflecting a steady increase. The growth rate speaks to the market's recovery and consistent demand, following periods of fluctuation with notable declines in 2013, 2014, and 2015, and subsequent recovery beginning in 2016.
Year-on-year, the increases in value have been significant, especially in the past two years leading up to 2023, with a 1.96% increase in 2022 and 1.88% in 2023. Moving forward, forecasts for 2024 to 2028 indicate a steady growth, with a forecasted 5-year CAGR of 1.45% and an overall growth rate of 7.46% by 2028.
Future trends to watch for include the possible impacts of macroeconomic factors, changes in consumer preferences towards natural and sustainable products, and market responses to innovative product launches. Monitoring these elements will be crucial for stakeholders looking to capitalize on the growing import market for eye make-up preparations in Finland.