Saudi Arabia: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Saudi Arabia

In 2022, after two years of decline, there was growth in the Saudi odoriferous substance mixture market, when its value increased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Odoriferous substance mixture consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Odoriferous Substance Mixture Exports

Exports from Saudi Arabia

In 2022, overseas shipments of mixtures of odoriferous substances and their preparations increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, saw a deep slump. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, odoriferous substance mixture exports expanded markedly to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Kenya (X tons), Oman (X tons) and Turkey (X tons) were the main destinations of odoriferous substance mixture exports from Saudi Arabia, together accounting for X% of total exports.

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

In value terms, the largest markets for odoriferous substance mixture exported from Saudi Arabia were Kenya ($X), the United States ($X) and Turkey ($X), together comprising X% of total exports.

Among the main countries of destination, Turkey, with a CAGR of X%, 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

In 2022, the average odoriferous substance mixture export price amounted to $X per ton, approximately equating the previous year. Overall, export price indicated a buoyant expansion 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 export price decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Oman ($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 Jordan (X.8%), while the prices for the other major destinations experienced more modest paces of growth.

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Odoriferous Substance Mixture Imports

Imports into Saudi Arabia

In 2022, after two years of decline, there was significant growth in supplies from abroad of mixtures of odoriferous substances and their preparations, when their volume increased by X% to X tons. In general, imports, however, recorded a mild descent. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, odoriferous substance mixture imports stood at $X in 2022. Overall, total imports indicated a pronounced 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. Based on 2022 figures, imports decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), India (X tons) and the UK (X tons) were the main suppliers of odoriferous substance mixture imports to Saudi Arabia, together comprising X% of total imports. Switzerland, France, the Netherlands, Spain, Egypt and the United States 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 France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Switzerland ($X) and the UK ($X) constituted the largest odoriferous substance mixture suppliers to Saudi Arabia, with a combined X% share of total imports.

In terms of the main suppliers, the UK, with a CAGR of X%, recorded the highest growth rate of 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, reducing by X% against the previous year. Overall, import price indicated a prominent expansion 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 2015 indices. The growth pace was the most rapid in 2015 an increase of X%. The import price peaked at $X per ton in 2021, and then reduced slightly in the following year.

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 Spain ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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