The forecasted import values for lip make-up preparations to Brazil show a steady increase from 2024 to 2028. The forecasted data indicate a year-on-year growth from 2024 to 2025 by 1.76%, followed by increases of 1.70%, 1.64%, and 1.58% in subsequent years. Comparing to 2023, where the import stood at USD 14.260 million, the five-year compound annual growth rate (CAGR) from 2023 to 2028 is projected to be approximately 1.66%.
Future trends to watch for:
- Consumer preferences shifting towards premium and natural ingredients in lip make-up products.
- Impact of economic factors such as currency fluctuations and trade policies on import costs.
- E-commerce growth driving changes in market dynamics and distribution channels.
- Potential emergence of new market players and increased competition influencing market share.