Eastern Europe: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Eastern Europe

In 2022, after four years of growth, there was decline in the East European odoriferous substance mixture market, when its value decreased by X% to $X. The total consumption indicated a strong 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, consumption increased by X% against 2017 indices. Over the period under review, the market hit record highs at $X in 2021, and then fell slightly in the following year.

Odoriferous Substance Mixture Production in Eastern Europe

In value terms, odoriferous substance mixture production expanded significantly to $X in 2022 estimated in export price. The total production indicated a resilient 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, production increased by X% against 2013 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, production attained the peak level in 2022 and is expected to retain growth in years to come.

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Odoriferous Substance Mixture Exports

Exports in Eastern Europe

In 2022, exports of mixtures of odoriferous substances and their preparations in Eastern Europe expanded notably to X tons, picking up by X% against 2021. Over the period under review, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, odoriferous substance mixture exports rose to $X in 2022. Overall, exports posted a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

Hungary was the largest exporter of mixtures of odoriferous substances and their preparations in Eastern Europe, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Poland (X tons) ranks second in terms of the total exports with a X% share, followed by Romania (X%), Bulgaria (X%) and Lithuania (X%). The following exporters - Russia (X tons) and Latvia (X tons) - each resulted at an X% share of total exports.

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

In value terms, the largest odoriferous substance mixture supplying countries in Eastern Europe were Hungary ($X), Poland ($X) and Lithuania ($X), together comprising X% of total exports.

Hungary, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price, however, recorded a strong increase. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Latvia ($X per ton), while Romania ($X per ton) was amongst the lowest.

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

Odoriferous Substance Mixture Imports

Imports in Eastern Europe

For the third consecutive year, Eastern Europe recorded growth in purchases abroad of mixtures of odoriferous substances and their preparations, which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, odoriferous substance mixture imports fell slightly to $X in 2022. Total imports indicated a remarkable 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 2015 indices. The pace of growth was the most pronounced in 2013 when imports increased by X%. The level of import peaked at $X in 2021, and then fell slightly in the following year.

Imports by Country

Russia represented the main importer of mixtures of odoriferous substances and their preparations in Eastern Europe, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. Poland (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Romania (X%), the Czech Republic (X%) and Hungary (X%). The following importers - Ukraine (X tons), Bulgaria (X tons) and Slovakia (X tons) - together made up X% of total imports.

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

In value terms, Russia ($X) constitutes the largest market for imported mixtures of odoriferous substances and their preparations in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by Romania, with a X% share.

In Russia, odoriferous substance mixture imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Poland (X% per year) and Romania (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Bulgaria ($X per ton), while Romania ($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 Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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