Based on the data provided, the import volume of perfumes and toilet waters to Indonesia stood at 5.6356 million kilograms in 2023. Over the last two years, the year-on-year variations were 4.78% in 2022 and 4.47% in 2023, indicating a consistent growth trend. The compound annual growth rate (CAGR) over the last five years was 4.55%, reflecting a stable upward trajectory despite minor fluctuations in individual years. Looking forward, forecast data suggests the import volume will continue to grow, with a projected CAGR of 2.92% over the next five years, indicating a more moderate but steady increase expected towards 2028.
Future trends to watch for:
- Increasing consumer demand for imported luxury cosmetics and personal care products.
- Potential impact of economic policies and trade agreements on import regulations and tariffs.
- Evolution of local manufacturing capacities and competition with imported products.