Over the period from 2013 to 2023, the import of beauty, make-up, and skin care preparations to France exhibited both periods of growth and minor contractions. Starting at 1.2178 billion USD in 2013, the value ascended to 2.299 billion USD in 2023, marking a significant long-term increase. Recent years, specifically 2022 and 2023, showed modest advancements with year-on-year growth rates of 3.59% and 3.4%, respectively.
Future projections suggest a consistent rise in imports, with expected values reaching 2.6938 billion USD by 2028. The forecasted 5-year Compound Annual Growth Rate (CAGR) stands at 2.49%, indicating steady though moderate growth. Over the forecasted period (2024-2028), the cumulative growth rate is estimated at 13.09%.
Key future trends to watch for include:
- Continued growth in demand for premium and organic beauty products.
- Technological advancements in skincare formulations driving import values.
- Potential impacts of economic fluctuations and changes in trade policies on import statistics.