The import of lip make-up preparations to Thailand has shown significant growth from 2013 to 2023, with the value standing at 142.64 million US dollars in 2023. This represents a year-on-year increase of 5.21% and a CAGR over the last five years of 4.46%. The import market experienced dynamic growth from 2013 to 2018, followed by more modest growth and slight fluctuations post-2019. Forecasts predict continued growth, with the value reaching 175.99 million US dollars by 2028, reflecting a forecasted five-year CAGR of 3.32% and a total growth rate of 17.73% over the next five years.
Future trends to watch for include:
- Increasing consumer preference for premium beauty products.
- The impact of e-commerce on product availability and variety.
- Trends in natural and organic beauty products influencing import dynamics.
- Potential regulatory changes affecting import tariffs and trade policies.