Mixtures of odoriferous substances market

Mixtures of Odoriferous Substances - World's Largest Markets

Rating	Country
1	China
2	Japan
3	United States
4	India
5	Russia

In value terms, the largest mixtures of odoriferous substances (excluding those of a kind used in the food or drink industries) markets worldwide were China, Japan and the United States, together comprising 36% of the global market.

Among the main consuming countries, Japan saw the highest growth rate of market size, over the period under review, while market of mixtures of odoriferous substances (excluding those of a kind used in the food or drink industries) for the other global leaders experienced more modest paces of growth.

Mixtures Of Odoriferous Substances (Excluding Those Of A Kind Used In The Food Or Drink Industries) Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Spain	10382	8868	9202	-5.9%
China	11030	11046	9622	-6.6%
India	11772	12731	12162	1.6%
United States	18530	17331	14607	-11.2%
Singapore	15315	15904	15265	-0.2%
Germany	17314	17257	16768	-1.6%
Netherlands	16237	18894	18294	6.1%
United Kingdom	21718	21946	20948	-1.8%
Switzerland	22592	22916	20996	-3.6%
France	22011	24614	22566	1.3%
Average	17383	17900	16708	-2.0%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was France ($22,566 per ton), while Spain ($9,202 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Russia	21936	23143	23360	3.2%
France	18633	21849	20374	4.6%
Poland	19430	19504	18689	-1.9%
Thailand	17450	18543	18325	2.5%
Vietnam	14284	14648	18314	13.2%
Germany	19371	18642	18207	-3.1%
Mexico	18087	17664	17031	-3.0%
Indonesia	15606	16130	15738	0.4%
United Kingdom	14270	16131	14262	0.0%
Turkey	14475	13563	14137	-1.2%
Spain	20391	18238	13913	-17.4%
Italy	19211	19937	13149	-17.3%
Nigeria	12646	12455	12375	-1.1%
Average	16984	17739	16871	-0.3%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Russia ($23,360 per ton), while Nigeria ($12,375 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam, while the other global leaders experienced more modest paces of growth.

Mixtures of Odoriferous Substances (Excluding Those of A Kind Used in The Food or Drink Industries) - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
France	1.3	1.3	1.3	1.1%
Germany	0.5	0.6	0.5	-5.3%
Mexico	0.3	0.3	0.4	13.5%
Thailand	0.3	0.3	0.3	1.7%
Indonesia	0.4	0.4	0.3	-3.5%

In value terms, France ($1.3B) constitutes the largest market for imported mixtures of odoriferous substances (excluding those of a kind used in the food or drink industries) worldwide, comprising 14% of global imports. The second position in the ranking was occupied by Germany ($487M), with a 5.4% share of global imports. It was followed by Mexico, with a 4.2% share.

From 2018 to 2020, the average annual growth rate of value in France stood at +1.1%. In the other countries, the average annual rates were as follows: Germany (-5.3% per year) and Mexico (+13.5% per year).

Mixtures of Odoriferous Substances (Excluding Those of A Kind Used in The Food or Drink Industries) - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
France	1.2	1.6	1.5	12.9%
Switzerland	1.3	1.3	1.3	0.4%
Germany	1.1	1.1	1.1	2.0%
Singapore	0.9	1	1	7.4%
United States	0.7	0.8	0.8	4.6%

In value terms, France ($1.5B), Switzerland ($1.3B) and Germany ($1.1B) appeared to be the countries with the highest levels of exports in 2020, with a combined 45% share of global exports. Singapore, the United States, the Netherlands, the UK, Spain, China and India lagged somewhat behind, together comprising a further 44%.

Spain saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Mixtures of Odoriferous Substances (Excluding Those of A Kind Used in The Food or Drink Industries) - Market Forecast

Driven by increasing demand for mixtures of odoriferous substances (excluding those of a kind used in the food or drink industries) worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.