The import of beauty, make-up, and skin care preparations to Belgium has shown an overall increasing trend from 2013 through 2023, standing at 1565.3 million USD in 2023. Year-on-year variations indicate notable fluctuations, with some years experiencing significant growth such as in 2018 (20.97%) and some dips as witnessed in 2019 (-0.2%) and 2020 (-1.31%). The most recent year-on-year variation from 2022 to 2023 shows a moderate increase of 3.28%. The compound annual growth rate (CAGR) over the last five years stands at 2.8%, suggesting a steady yet moderate growth pattern.
Future trends to watch for:
- The forecasted data from 2024 to 2028 indicate a continued increase in imports, with a forecasted CAGR of 2.41% over the next five years.
- Expect growth to continue at a slower pace, given the forecasted 5-year growth rate of 12.65% from 2023 to 2028.
- Market dynamics, including changes in global trade policies, evolving consumer preferences towards beauty and skin care products, and economic conditions, will play critical roles in shaping future import trends.
