Italy: Odoriferous Substance Mixture Market Overview 2021

Odoriferous Substance Mixture Market Size in Italy

The Italian odoriferous substance mixture market soared to $X in 2020, with an increase of X% against the previous year. Over the period under review, consumption showed a slight contraction. Over the period under review, the market reached the maximum level at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Odoriferous Substance Mixture Production in Italy

In value terms, odoriferous substance mixture production soared to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a mild reduction. Over the period under review, production reached the maximum level at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

Odoriferous Substance Mixture Exports

Exports from Italy

In 2020, exports of mixtures of odoriferous substances and their preparations from Italy fell slightly to X tonnes, therefore, remained relatively stable against 2019. In general, total exports indicated a noticeable increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Exports peaked at X tonnes in 2018; however, from 2019 to 2020, exports remained at a lower figure.

In value terms, odoriferous substance mixture exports stood at $X in 2020. Overall, total exports indicated a resilient increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Exports peaked in 2020 and are expected to retain growth in years to come.

Exports by Country

Germany (X tonnes), France (X tonnes) and Spain (X tonnes) were the main destinations of odoriferous substance mixture exports from Italy, together comprising X% of total exports. The UK, Poland, the U.S., the Netherlands, Lithuania, Algeria, Mexico, Ireland, Hungary and South Africa lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and France ($X) appeared to be the largest markets for odoriferous substance mixture exported from Italy worldwide, together accounting for X% of total exports. The U.S., Poland, Spain, South Africa, Ireland, the Netherlands, Lithuania, Algeria, Mexico and Hungary lagged somewhat behind, together comprising a further X the main countries of destination, South Africa (+X% per year) recorded the highest growth rate of 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

The average odoriferous substance mixture export price stood at $X per tonne in 2020, surging by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2019 when the average export price increased by X% year-to-year. The export price peaked in 2020 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was South Africa ($X per tonne), while the average price for exports to Hungary ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into Italy

In 2020, purchases abroad of mixtures of odoriferous substances and their preparations increased by X% to X tonnes for the first time since 2016, thus ending a three-year declining trend. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X% y-o-y. As a result, imports attained the peak of X tonnes. from 2017 to 2020, the growth imports failed to regain the momentum.

In value terms, odoriferous substance mixture imports dropped slightly to $X in 2020. Over the period under review, imports recorded a mild descent. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Imports peaked at $X in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

Imports by Country

France (X tonnes), Germany (X tonnes) and the Netherlands (X tonnes) were the main suppliers of odoriferous substance mixture imports to Italy, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands, while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Ireland ($X) and Germany ($X) were the largest odoriferous substance mixture suppliers to Italy, with a combined X% share of total imports. The Netherlands, the UK, Spain and Belgium lagged somewhat behind, together accounting for a further X Netherlands recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average odoriferous substance mixture import price stood at $X per tonne in 2020, which is down by -X% against the previous year. In general, the import price showed a noticeable setback. The pace of growth was the most pronounced in 2018 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2008; however, from 2009 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Ireland ($X per tonne), while the price for Belgium ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for mixtures of odoriferous substances and their preparations in the world?

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The countries with the highest volumes of odoriferous substance mixture consumption in 2020 were China (671K tonnes), the U.S. (460K tonnes) and India (263K tonnes), with a combined 41% share of global consumption. These countries were followed by the UK, Brazil, Indonesia, Germany, Ireland, Japan, Mexico, Italy, Belgium and Saudi Arabia, which together accounted for a further 29%.

What are the largest producers of mixtures of odoriferous substances and their preparations in the world?

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The countries with the highest volumes of odoriferous substance mixture production in 2020 were China (690K tonnes), the U.S. (368K tonnes) and India (284K tonnes), together accounting for 43% of global production. Ireland, Germany, Brazil, Indonesia, Singapore, the UK, France, Switzerland, Spain and Belgium lagged somewhat behind, together comprising a further 38%.

What are the leading suppliers of mixtures of odoriferous substances and their preparations to Italy?

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In value terms, the largest odoriferous substance mixture suppliers to Italy were France ($177M), Ireland ($159M) and Germany ($119M), with a combined 68% share of total imports. These countries were followed by the Netherlands, the UK, Spain and Belgium, which together accounted for a further 27%.

What are the leading importers of mixtures of odoriferous substances and their preparations from Italy?

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In value terms, the UK ($15M), Germany ($14M) and France ($14M) appeared to be the largest markets for odoriferous substance mixture exported from Italy worldwide, with a combined 21% share of total exports. The U.S., Poland, Spain, South Africa, Ireland, the Netherlands, Lithuania, Algeria, Mexico and Hungary lagged somewhat behind, together comprising a further 32%.

What is the average export price for mixtures of odoriferous substances and their preparations in Italy?

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In 2020, the average odoriferous substance mixture export price amounted to $13,555 per tonne, rising by 2.3% against the previous year.

What is the average import price for mixtures of odoriferous substances and their preparations in Italy?

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In 2020, the average odoriferous substance mixture import price amounted to $16,668 per tonne, waning by -9.8% against the previous year.