Southern Asia: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Southern Asia

After two years of growth, the South Asian odoriferous substance mixture market decreased by X% to $X in 2022. The market 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. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Odoriferous Substance Mixture Production in Southern Asia

In value terms, odoriferous substance mixture production shrank slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a deep downturn. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Odoriferous Substance Mixture Exports

Exports in Southern Asia

In 2022, exports of mixtures of odoriferous substances and their preparations in Southern Asia expanded markedly to X tons, with an increase of X% compared with 2021. Total exports 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, odoriferous substance mixture exports rose markedly to $X in 2022. Total exports indicated a strong increase 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, exports increased by X% against 2014 indices. The pace of growth was the most pronounced in 2018 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

India prevails in exports structure, finishing at X tons, which was near X% of total exports in 2022. Pakistan (X tons) held a minor share of total exports.

Exports from India increased at an average annual rate of X% from 2012 to 2022. At the same time, Pakistan (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Pakistan increased by X percentage points.

In value terms, India ($X) remains the largest odoriferous substance mixture supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total exports.

In India, odoriferous substance mixture exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 India ($X per ton), while Pakistan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%).

Odoriferous Substance Mixture Imports

Imports in Southern Asia

In 2022, the amount of mixtures of odoriferous substances and their preparations imported in Southern Asia reduced to X tons, dropping by X% against 2021. Over the period under review, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, odoriferous substance mixture imports dropped slightly to $X in 2022. Overall, imports, however, showed a strong expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then reduced slightly in the following year.

Imports by Country

The purchases of the three major importers of mixtures of odoriferous substances and their preparations, namely Bangladesh, Pakistan and India, represented more than two-thirds of total import. Sri Lanka (X tons) held the next position in the ranking, followed by Afghanistan (X tons) and Nepal (X tons). All these countries together held near X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Afghanistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Bangladesh ($X) and Pakistan ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Sri Lanka, Nepal and Afghanistan lagged somewhat behind, together accounting for a further X%.

Afghanistan, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the import price in Southern Asia amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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