Latin America and the Caribbean: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Latin America and the Caribbean

The Latin American odoriferous substance mixture market surged to $X in 2022, jumping by X% against the previous year. The total consumption indicated a buoyant 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. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Odoriferous Substance Mixture Production in Latin America and the Caribbean

In value terms, odoriferous substance mixture production amounted to $X in 2022 estimated in export price. The total production indicated moderate growth 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Odoriferous Substance Mixture Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of mixtures of odoriferous substances and their preparations decreased by X% to X tons, falling for the second consecutive year after five years of growth. Over the period under review, exports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, odoriferous substance mixture exports declined dramatically to $X in 2022. In general, exports showed a slight downturn. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

In 2022, Mexico (X tons), distantly followed by Brazil (X tons), Argentina (X tons), Colombia (X tons), Guatemala (X tons) and Chile (X tons) were the largest exporters of mixtures of odoriferous substances and their preparations, together comprising X% of total exports. Peru (X tons) followed a long way behind the leaders.

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

In value terms, Mexico ($X) remains the largest odoriferous substance mixture supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

In Mexico, odoriferous substance mixture exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 when the export price increased by X%. The level of export 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 origin: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Peru ($X per ton) was amongst the lowest.

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

Odoriferous Substance Mixture Imports

Imports in Latin America and the Caribbean

In 2022, imports of mixtures of odoriferous substances and their preparations in Latin America and the Caribbean skyrocketed to X tons, growing by X% compared with the year before. Total imports indicated prominent growth from 2012 to 2022: its volume 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. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, odoriferous substance mixture imports rose markedly to $X in 2022. Total imports indicated buoyant growth 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 2012 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Mexico dominates imports structure, recording X tons, which was approx. X% of total imports in 2022. The Dominican Republic (X tons) took the second position in the ranking, followed by Brazil (X tons), Colombia (X tons) and Guatemala (X tons). All these countries together held near X% share of total imports. Chile (X tons), Peru (X tons), Argentina (X tons), Ecuador (X tons) and Honduras (X tons) held a little share of total imports.

Imports into Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, the Dominican Republic (X%), Ecuador (X%), Guatemala (X%), Brazil (X%), Colombia (X%), Honduras (X%), Peru (X%) and Chile (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico and the Dominican Republic increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported mixtures of odoriferous substances and their preparations in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Guatemala ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

In Mexico, odoriferous substance mixture imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Guatemala (X% per year) and Brazil (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, declining by X% against the previous year. Import price indicated a slight 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 increased by X% against 2020 indices. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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 Mexico ($X per ton), while the Dominican Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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