In 2023, the import of pre-shave, shaving, and after-shaving preparations to Belgium stood at 178.05 million USD. Over the two preceding years, the year-on-year variations were 4.6% in 2022 and 4.31% in 2023, respectively. The Compound Annual Growth Rate (CAGR) over the last five years was 5.07%, reflecting consistent growth in the market.
Analyzing the data over a longer period, the market showed significant fluctuations, with a strong recovery beginning in 2015. A notable growth trajectory continued from 2016 onwards, stabilizing with moderate increases yearly. By 2023, the market cemented its robust presence, poised for further growth.
Looking forward, the market is forecasted to grow with a 5-year CAGR of 2.82%, reaching 212.83 million USD by 2028. Future trends to watch for include the rise in demand for premium grooming products, the increasing influence of e-commerce, and the growing preference for organic and natural ingredients, which will likely shape market dynamics.
