Angola: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Angola

The Angolan odoriferous substance mixture market dropped to $X in 2022, which is down by -11.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Odoriferous Substance Mixture Exports

Exports from Angola

In 2022, exports of mixtures of odoriferous substances and their preparations from Angola soared to X kg, with an increase of 38% against 2021. Over the period under review, exports, however, showed a precipitous contraction. The growth pace was the most rapid in 2018 with an increase of 670%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, odoriferous substance mixture exports surged to $X in 2022. Overall, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 768%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Spain (X kg), Mozambique (X kg) and the Netherlands (X kg) were the main destinations of odoriferous substance mixture exports from Angola, with a combined 97% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +29.2%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for odoriferous substance mixture exported from Angola were Spain ($X), Mozambique ($X) and the Netherlands ($X), together comprising 99% of total exports.

The Netherlands, with a CAGR of +61.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average odoriferous substance mixture export price amounted to $X per ton, jumping by 53% against the previous year. Overall, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to the Netherlands ($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 the Netherlands (+25.2%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into Angola

In 2022, imports of mixtures of odoriferous substances and their preparations into Angola shrank slightly to X tons, dropping by -4.7% against the previous year's figure. Over the period under review, imports, however, recorded temperate growth. The most prominent rate of growth was recorded in 2015 when imports increased by 229% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, odoriferous substance mixture imports reduced markedly to $X in 2022. Overall, imports showed a noticeable reduction. The most prominent rate of growth was recorded in 2015 when imports increased by 217% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

India (X tons), China (X tons) and Germany (X tons) were the main suppliers of odoriferous substance mixture imports to Angola, with a combined 59% share of total imports. Portugal, France, the Netherlands, Belgium, Swaziland and South Africa lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +48.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Germany ($X) and Swaziland ($X) were the largest odoriferous substance mixture suppliers to Angola, together accounting for 54% of total imports. India, France, the Netherlands, South Africa, China and Belgium lagged somewhat behind, together comprising a further 33%.

Among the main suppliers, the Netherlands, with a CAGR of +44.5%, 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, which is down by -11.8% against the previous year. In general, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by 55% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Swaziland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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