South-Eastern Asia: Scent Spray Market 2024

Scent Spray Market Size in South-Eastern Asia

The Southeast Asian scent spray market expanded remarkably to $X in 2022, picking up by X% against the previous year. Overall, consumption enjoyed a prominent increase. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Scent Spray Production in South-Eastern Asia

In value terms, scent spray production dropped slightly to $X in 2022 estimated in export price. In general, production posted a resilient expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Scent Spray Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of scent sprays decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, exports, however, recorded a notable expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, scent spray exports dropped significantly to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by X%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand (X tons) and Vietnam (X tons) were the major exporters of scent sprays in 2022, reaching approx. X% and X% of total exports, respectively. It was distantly followed by Indonesia (X tons), mixing up an X% share of total exports. Singapore (X tons) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Thailand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and Indonesia ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Thailand, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 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 Vietnam ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Scent Spray Imports

Imports in South-Eastern Asia

For the fifth consecutive year, South-Eastern Asia recorded growth in overseas purchases of scent sprays, which increased by X% to X tons in 2022. Overall, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, scent spray imports rose remarkably 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 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X tons) represented the largest importer of scent sprays, achieving X% of total imports. Thailand (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (X%). The following importers - Vietnam (X tons) and Malaysia (X tons) - together made up X% of total imports.

Indonesia was also the fastest-growing in terms of the scent sprays imports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%), Thailand (X%), the Philippines (X%) and Vietnam (X%) displayed positive paces of growth. Indonesia (X p.p.) significantly strengthened its position in terms of the total imports, while Vietnam, Thailand and the Philippines saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported scent sprays in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

In Indonesia, scent spray imports 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: Thailand (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the import price saw a deep reduction. The pace of growth appeared the most rapid in 2020 an increase of X%. The level of import peaked at $X per ton in 2013; however, from 2014 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 Vietnam ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform