Forecast: Import of Essential Oils, Perfumes, Cosmetics and Toileteries to the US

The import of Essential Oils, Perfumes, Cosmetics, and Toiletries to the US has shown a healthy upward trend from 2013 to 2023. In 2023, the value stood at $17.344 billion USD. There has been a consistent year-on-year increase with notable exceptions in 2019 and 2020 where minor declines were observed. The average compounded annual growth rate (CAGR) over the past five years (2019-2023) is 3%. Looking forward, imports are projected to grow to $20.093 billion by 2028, with a forecasted 5-year CAGR of 2.31% and an overall growth rate of 12.12% for the period from 2024 to 2028.

Future trends to watch for:

• Post-pandemic recovery and growth in the cosmetics and toiletries sector.
• Increasing consumer preference for natural and organic products, driving imports of essential oils.
• Innovative product launches and advancements in personal care technology.
• Potential impact of trade policies and tariffs on import volumes.