The export of beauty, make-up, and skin care preparations from Argentina has shown a general declining trend from 2013 to 2023. Starting at $65.266 million in 2013, there was a noticeable year-on-year decrease: -9.6% in 2013, -3.99% in 2014, -6.61% in 2015, and fluctuating minor rises and falls thereafter. By 2023, the export value stood at $44.805 million.
Over the last two years, the year-on-year variations were -0.79% (2022) and -0.78% (2023). Over the last five years, the compounded annual growth rate (CAGR) showed an average annual decline of -0.66%. By looking ahead, the export value is forecasted to decrease further to $42.969 million by 2028, following a projected 5-year CAGR of -0.66%.
Future Trends to Watch For:
- Global demand shifts and preferences for natural and organic products may influence export opportunities.
- Trade policies and economic conditions in Argentina and key export markets could impact future growth.
- Technological advancements and innovation within the beauty sector may offer new export avenues.