Year-on-Year Variation (%):
- 2024: 0%
- 2025: -1.73%
- 2026: -1.73%
- 2027: -1.72%
- 2028: -1.73%
The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is approximately -1.73%, indicating a gradual decline in the import quantity of lip make-up preparations to India over this period.
Future Trends to Watch:
Watch for potential market shifts due to changing consumer preferences, the impact of new domestic manufacturing capabilities, and global economic factors which could alter the current downward trajectory. Additionally, the potential influence of regulatory changes and trade policies could also impact future import volumes.