Report Update: May 1, 2024

Hong Kong SAR, China - Mixtures Of Odoriferous Substances And Their Preparations - Market Analysis, Forecast, Size, Trends and Insights

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Odoriferous Substance Mixture Price in Hong Kong SAR - 2023

Odoriferous Substance Mixture Price in Hong Kong SAR (FOB) - 2023

The average odoriferous substance mixture export price stood at $20,410 per ton in September 2023, therefore, remained relatively stable against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.0%. The growth pace was the most rapid in July 2023 when the average export price increased by 11% against the previous month. The export price peaked in September 2023.

Average prices varied noticeably for the major foreign markets. In September 2023, the countries with the highest prices were Indonesia ($20,529 per ton) and Vietnam ($20,523 per ton), while the average price for exports to Taiwan (Chinese) ($19,903 per ton) and Thailand ($20,370 per ton) were amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Price in Hong Kong SAR (CIF) - 2023

In September 2023, the average odoriferous substance mixture import price amounted to $22,229 per ton, standing approximately at the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in July 2023 an increase of 11% m-o-m. The import price peaked at $22,405 per ton in August 2023, and then fell in the following month.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the highest price was recorded for prices from Italy ($23,445 per ton) and Spain ($23,445 per ton), while the price for China ($21,181 per ton) and the United States ($21,740 per ton) were amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Switzerland (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Odoriferous Substance Mixture Exports in Hong Kong SAR

In 2022, approx. 7.8K tons of mixtures of odoriferous substances and their preparations were exported from Hong Kong SAR; waning by -9.4% compared with 2021. Over the period under review, exports saw a pronounced contraction. The growth pace was the most rapid in 2021 when exports increased by 1.3%.

In value terms, odoriferous substance mixture exports contracted to $141M in 2022. In general, exports recorded a perceptible descent. The pace of growth was the most pronounced in 2021 with an increase of 7.6%.

Export of Odoriferous Substance Mixture in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	99.2	77.3	82.5	76.5	-8.3%
Thailand	12.4	11.2	12.2	12.5	0.3%
Indonesia	9.4	12.1	14.9	12.1	8.8%
Malaysia	9.7	11.6	11.5	11.3	5.2%
Vietnam	7.5	10.5	13.5	8.8	5.5%
Philippines	3.8	3.6	4.8	6.0	16.4%
Taiwan (Chinese)	5.8	4.8	4.8	5.8	0.0%
Others	14.5	13.2	10.8	8.2	-17.3%
Total	162	144	155	141	-4.5%

Top Export Markets for Odoriferous Substance Mixture from Hong Kong SAR in 2022:

China (4254.1 tons)
Thailand (681.9 tons)
Indonesia (655.9 tons)
Malaysia (614.2 tons)
Vietnam (477.3 tons)
Philippines (329.0 tons)
Taiwan (Chinese) (324.2 tons)

Odoriferous Substance Mixture Imports in Hong Kong SAR

In 2022, odoriferous substance mixture imports into Hong Kong SAR contracted to 5.2K tons, which is down by -10.3% on the previous year's figure. Over the period under review, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2021 when imports increased by 24%.

In value terms, odoriferous substance mixture imports fell to $102M in 2022. Overall, imports continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. As a result, imports attained the peak of $118M, and then contracted in the following year.

Import of Odoriferous Substance Mixture in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	41.2	36.1	50.2	43.5	1.8%
Singapore	13.5	9.4	9.7	23.5	20.3%
United States	16.2	6.5	6.3	7.1	-24.0%
United Kingdom	7.3	6.9	17.8	4.9	-12.4%
India	2.6	2.7	4.1	4.3	18.3%
France	4.5	3.2	5.1	4.0	-3.9%
Germany	6.8	6.0	4.7	3.0	-23.9%
Switzerland	1.2	1.3	3.7	2.6	29.4%
Spain	2.7	2.0	3.5	2.1	-8.0%
Botswana	2.1	1.2	3.8	N/A	34.5%
Others	9.2	11.0	9.2	7.3	-7.4%
Total	108	86.1	118	102	-1.9%

Top Suppliers of Odoriferous Substance Mixture to Hong Kong SAR in 2022:

China (2248.9 tons)
Singapore (1219.1 tons)
United States (353.8 tons)
United Kingdom (241.2 tons)
India (214.9 tons)
France (195.4 tons)
Germany (150.0 tons)
Switzerland (128.6 tons)
Spain (104.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the odoriferous substance mixture market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20531075 - Mixtures of odoriferous substances of a kind used in the food or drink industries
Prodcom 20531079 - Mixtures of odoriferous substances (excluding those of a kind used in the food or drink industries)

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023