The import of lip make-up preparations to Argentina showed fluctuations over the past decade, with a significant spike in 2017 and steady growth post-2016. In 2013, imports stood at 175.18 thousand kilograms, experiencing a considerable decline until the remarkable increase in 2016. By 2023, imports had risen to 510.68 thousand kilograms, reflecting a 3.88% year-on-year growth, with a Compound Annual Growth Rate (CAGR) over the last five years of 4.21%. Future forecasts predict a steady upward trend with a forecasted CAGR of 2.8% from 2024 to 2028.
Future trends to watch for:
- Increasing consumer demand for premium and organic lip products.
- Innovations in sustainable packaging influencing import volumes.
- Regulatory changes impacting import policies and tariffs.