Colombia: Scent Spray Market 2024

Scent Spray Market Size in Colombia

In 2022, the Colombian scent spray market decreased by X% to $X for the first time since 2013, thus ending a eight-year rising trend. In general, consumption, however, posted a strong increase. Scent spray consumption peaked at $X in 2021, and then shrank modestly in the following year.

Scent Spray Production in Colombia

In value terms, scent spray production totaled $X in 2022 estimated in export price. Over the period under review, production recorded a resilient increase. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Scent spray production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Scent Spray Exports

Exports from Colombia

In 2022, scent spray exports from Colombia soared to X tons, growing by X% compared with the previous year. In general, exports showed a moderate increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, scent spray exports soared to $X in 2022. Overall, exports recorded strong growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X tons), Ecuador (X tons) and Mexico (X tons) were the main destinations of scent spray exports from Colombia, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for scent spray exported from Colombia were Peru ($X), Ecuador ($X) and Mexico ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Mexico, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average scent spray export price amounted to $X per ton, surging by X% against the previous year. In general, the export price enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%), while the prices for the other major destinations experienced a decline.

Scent Spray Imports

Imports into Colombia

In 2022, after five years of growth, there was significant decline in purchases abroad of scent sprays, when their volume decreased by X% to X tons. Over the period under review, imports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, scent spray imports contracted to $X in 2022. Overall, total imports indicated a prominent increase 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 2016 indices. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then contracted modestly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest scent spray supplier to Colombia, accounting for a X% share of total imports. Moreover, scent spray imports from China exceeded the figures recorded by the second-largest supplier, Argentina (X tons), sevenfold. Mexico (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Mexico (X% per year).

In value terms, China ($X) constituted the largest supplier of scent sprays to Colombia, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

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

Import Prices by Country

In 2022, the average scent spray import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform