MERCOSUR: Scent Spray Market 2024

Scent Spray Market Size in MERCOSUR

The MERCOSUR scent spray market reached $X in 2022, standing approx. at the previous year. Overall, consumption, however, posted a buoyant expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Scent Spray Production in MERCOSUR

In value terms, scent spray production amounted to $X in 2022 estimated in export price. In general, production saw a buoyant increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Scent Spray Exports

Exports in MERCOSUR

In 2022, shipments abroad of scent sprays decreased by X% to X tons, falling for the third year in a row after two years of growth. Overall, exports saw a abrupt slump. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, scent spray exports declined markedly to $X in 2022. In general, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia was the main exporting country with an export of around X tons, which reached X% of total exports. It was distantly followed by Peru (X tons), making up a X% share of total exports. Brazil (X tons) and Ecuador (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to scent spray exports from Colombia stood at X%. At the same time, Peru (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Ecuador (X%) and Brazil (X%) illustrated a downward trend over the same period. Colombia (X p.p.), Peru (X p.p.) and Ecuador (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Colombia ($X) emerged as the largest scent spray supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Peru ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Colombia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Peru (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, surging by X% against the previous year. Export 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, scent spray export price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced a decline in the export price figures.

Scent Spray Imports

Imports in MERCOSUR

In 2022, the amount of scent sprays imported in MERCOSUR declined dramatically to X tons, which is down by X% on the year before. Total imports indicated a prominent expansion 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. Based on 2022 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, scent spray imports fell to $X in 2022. The total import value increased at an average annual rate of X% 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 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Argentina (X tons) and Colombia (X tons) were the largest importers of scent sprays in MERCOSUR, together mixing up X% of total imports. Chile (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Peru (X%), Brazil (X%) and Ecuador (X%).

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

In value terms, Colombia ($X) constitutes the largest market for imported scent sprays in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Peru ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Colombia amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Peru (X% per year) and Argentina (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, saw a pronounced decrease. The growth pace was the most rapid in 2016 an increase of X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Peru ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform