Middle East: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in the Middle East

In 2022, the Middle Eastern odoriferous substance mixture market decreased by X% to $X, falling for the second consecutive year after four years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Odoriferous Substance Mixture Production in the Middle East

In value terms, odoriferous substance mixture production declined sharply to $X in 2022 estimated in export price. Overall, production continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Odoriferous Substance Mixture Exports

Exports in the Middle East

In 2022, the amount of mixtures of odoriferous substances and their preparations exported in the Middle East surged to X tons, jumping by X% on the previous year's figure. In general, exports recorded buoyant growth. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, odoriferous substance mixture exports soared to $X in 2022. Over the period under review, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Turkey represented the main exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by the United Arab Emirates (X tons), mixing up a X% share of total exports. The following exporters - Iran (X tons) and Israel (X tons) - each accounted for a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (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 the Middle East were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), together accounting for X% of total exports.

The United Arab Emirates, 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 the Middle East stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat 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 Israel ($X per ton), while Iran ($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 United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports in the Middle East

In 2022, after five years of growth, there was decline in purchases abroad of mixtures of odoriferous substances and their preparations, when their volume decreased by X% to X tons. 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 appeared the most rapid in 2013 with an increase of X%. The volume of import peaked at X tons in 2021, and then contracted modestly in the following year.

In value terms, odoriferous substance mixture imports contracted to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Imports by Country

Turkey represented the largest importer of mixtures of odoriferous substances and their preparations in the Middle East, with the volume of imports recording X tons, which was near X% of total imports in 2022. The United Arab Emirates (X tons) took the second position in the ranking, followed by Iran (X tons), Iraq (X tons), Saudi Arabia (X tons) and Israel (X tons). All these countries together took near X% share of total imports. The following importers - Yemen (X tons) and Syrian Arab Republic (X tons) - together made up X% of total imports.

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

In value terms, Turkey ($X), the United Arab Emirates ($X) and Iran ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Saudi Arabia, Israel, Iraq, Syrian Arab Republic and Yemen lagged somewhat behind, together accounting for a further X%.

Iraq, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :