Denmark: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Denmark

In 2022, the Danish odoriferous substance mixture market decreased by X% to $X, falling for the third consecutive year after eight years of growth. Over the period under review, consumption, however, continues to indicate a strong increase. Odoriferous substance mixture consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Odoriferous Substance Mixture Production in Denmark

In value terms, odoriferous substance mixture production rose sharply to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level in 2022 and is likely to see gradual growth in the near future.

Odoriferous Substance Mixture Exports

Exports from Denmark

In 2022, the amount of mixtures of odoriferous substances and their preparations exported from Denmark soared to X tons, growing by X% compared with the previous year's figure. Over the period under review, exports saw noticeable growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, odoriferous substance mixture exports rose sharply to $X in 2022. In general, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Norway (X tons), Sweden (X tons) and the UK (X tons) were the main destinations of odoriferous substance mixture exports from Denmark, together comprising X% of total exports. Poland, France, Germany, Finland, Iceland, Spain, Faroe Islands, Belgium, the Czech Republic and the Netherlands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Norway ($X) and the UK ($X) appeared to be the largest markets for odoriferous substance mixture exported from Denmark worldwide, together comprising X% of total exports. Germany, Finland, France, Poland, the Netherlands, Spain, Iceland, the Czech Republic, Belgium and Faroe Islands lagged somewhat behind, together comprising a further X%.

The Czech Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average odoriferous substance mixture export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2022: its price 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, odoriferous substance mixture export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Faroe Islands ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into Denmark

In 2022, overseas purchases of mixtures of odoriferous substances and their preparations decreased by X% to X tons, falling for the third consecutive year after eight years of growth. Overall, imports, however, posted buoyant growth. The growth pace was the most rapid in 2015 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, odoriferous substance mixture imports stood at $X in 2022. In general, imports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X tons), Ireland (X tons) and Germany (X tons) were the main suppliers of odoriferous substance mixture imports to Denmark, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

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

Import Prices by Country

In 2022, the average odoriferous substance mixture import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price showed a resilient expansion. The growth pace was the most rapid in 2020 an increase of X%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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

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

Source: IndexBox Platform

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