Estonia: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Estonia

In 2022, the Estonian odoriferous substance mixture market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption recorded a mild contraction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Odoriferous Substance Mixture Exports

Exports from Estonia

In 2022, odoriferous substance mixture exports from Estonia soared to X tons, growing by X% compared with the previous year's figure. Overall, exports saw a resilient expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, odoriferous substance mixture exports soared to $X in 2022. Over the period under review, exports posted a strong expansion. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for odoriferous substance mixture exports from Estonia, 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. The third position in this ranking was held by Sweden (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Sweden (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Sweden (X% per year).

Export Prices by Country

In 2022, the average odoriferous substance mixture export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Russia ($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 Russia (X%), while the prices for the other major destinations experienced a decline.

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Odoriferous Substance Mixture Imports

Imports into Estonia

In 2022, odoriferous substance mixture imports into Estonia soared to X tons, rising by X% on the previous year. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, odoriferous substance mixture imports amounted to $X in 2022. In general, imports continue to indicate a temperate expansion. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Finland (X tons) were the main suppliers of odoriferous substance mixture imports to Estonia, together accounting for X% of total imports. Sweden, France, Lithuania, Denmark, Poland, the United States, Belgium, the UK and Switzerland lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest odoriferous substance mixture suppliers to Estonia were Germany ($X), the Netherlands ($X) and France ($X), together accounting for X% of total imports.

Among the main suppliers, France, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average odoriferous substance mixture import price amounted to $X per ton, shrinking by X% against the previous year. Overall, import price indicated a measured increase 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 import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 the UK ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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