In 2023, the import volume of lip make-up preparations to China stood at a pre-forecast figure. From 2024, the forecasted data anticipates a steady growth in import volume from 1.5758 million kilograms in 2024 to 1.7672 million kilograms in 2028. The annual increase from 2024 to 2025 shows a growth of approximately 3.1%, and this trend continues with a similar pattern over the following years. The compounded annual growth rate (CAGR) over the five-year forecast period reflects consistent positive growth.
Future trends to watch for include:
- Shifts in consumer preferences towards premium or organic lip make-up products, which could affect both the import volume and the value of these imports.
- Regulatory changes that could impact global trade policies, influencing China's sourcing strategies for lip make-up preparations.
- Technological advancements in product formulation that may drive demand and import patterns.
- Economic factors, such as fluctuations in international trade dynamics or domestic economic policies, may also alter import activity.
