Turkey: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Turkey

The Turkish odoriferous substance mixture market shrank slightly to $X in 2022, waning by X% against the previous year. Overall, consumption showed a mild contraction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Odoriferous Substance Mixture Production in Turkey

In value terms, odoriferous substance mixture production declined dramatically to $X in 2022 estimated in export price. In general, production, however, posted significant growth. The growth pace was the most rapid in 2018 with an increase of X%. Odoriferous substance mixture production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Odoriferous Substance Mixture Exports

Exports from Turkey

For the eleventh year in a row, Turkey recorded growth in shipments abroad of mixtures of odoriferous substances and their preparations, which increased by X% to X tons in 2022. Over the period under review, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, odoriferous substance mixture exports surged to $X in 2022. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Russia (X tons), Iraq (X tons) and Iran (X tons) were the main destinations of odoriferous substance mixture exports from Turkey, with a combined X% share of total exports. The United States, Senegal, Algeria, the United Arab Emirates, France, Germany, Uzbekistan, Egypt, Belgium and Libya lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for odoriferous substance mixture exported from Turkey were the United Arab Emirates ($X), Iraq ($X) and Iran ($X), with a combined X% share of total exports. Russia, Germany, France, Algeria, Uzbekistan, Egypt, the United States, Belgium, Senegal and Libya lagged somewhat behind, together comprising a further X%.

Belgium, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Senegal ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into Turkey

Odoriferous substance mixture imports into Turkey stood at X tons in 2022, increasing by X% against the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, odoriferous substance mixture imports totaled $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Ireland (X tons), Germany (X tons) and Switzerland (X tons) were the main suppliers of odoriferous substance mixture imports to Turkey, with a combined X% share of total imports. France, the Netherlands, Israel, Egypt, the United States, Spain, the UK, Hungary and Brazil lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest odoriferous substance mixture suppliers to Turkey were Ireland ($X), Switzerland ($X) and France ($X), together accounting for X% of total imports. Germany, the Netherlands, Egypt, the UK, Spain, the United States, Israel, Hungary and Brazil lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Egypt, 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

The average odoriferous substance mixture import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 France ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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