Belarus: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Belarus

The Belarusian odoriferous substance mixture market skyrocketed to $X in 2022, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Odoriferous substance mixture consumption peaked in 2022 and is likely to see steady growth in the near future.

Odoriferous Substance Mixture Exports

Exports from Belarus

In 2022, the amount of mixtures of odoriferous substances and their preparations exported from Belarus skyrocketed to X tons, rising by X% against the previous year. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, odoriferous substance mixture exports reduced rapidly to $X in 2022. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by X%. The exports peaked at $X in 2021, and then contracted sharply in the following year.

Exports by Country

Russia (X tons) was the main destination for odoriferous substance mixture exports from Belarus, with a X% share of total exports. Moreover, odoriferous substance mixture exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia totaled X%.

In value terms, Russia ($X) remains the key foreign market for mixtures of odoriferous substances and their preparations exports from Belarus, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to X%.

Export Prices by Country

The average odoriferous substance mixture export price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price saw a pronounced curtailment. The growth pace was the most rapid in 2020 an increase of X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Kazakhstan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (X%).

Odoriferous Substance Mixture Imports

Imports into Belarus

Odoriferous substance mixture imports into Belarus rose remarkably to X tons in 2022, with an increase of X% against the previous year. In general, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, odoriferous substance mixture imports soared to $X in 2022. Overall, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, France (X tons) constituted the largest odoriferous substance mixture supplier to Belarus, accounting for a X% share of total imports. Moreover, odoriferous substance mixture imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Russia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from France amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Russia (X% per year).

In value terms, France ($X) constituted the largest supplier of mixtures of odoriferous substances and their preparations to Belarus, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Russia (X% per year).

Import Prices by Country

In 2022, the average odoriferous substance mixture import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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