The export of hair preparations from Australia experienced fluctuations from 2013 to 2023. The value stood at 90.815 Million US Dollars in 2023. From 2013 to 2016, there was a general decline, followed by a notable recovery and growth phase from 2017 onwards. The last two years showed consistent year-on-year growth of 1.86% in 2022 and 1.79% in 2023. Over the last five years (2019-2023), the compound annual growth rate (CAGR) was 1.52%.
Future trends to watch for include:
- Steady growth is forecasted with an average annual increase of 1.26% over the next five years, culminating in a total growth of 6.44% by 2028.
- Potential influences such as global economic conditions, market demand shifts, and trade policies may impact this steady growth trajectory.
