Argentina: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Argentina

The Argentinian odoriferous substance mixture market expanded modestly to $X in 2022, with an increase of 4.5% against the previous year. The market value increased at an average annual rate of +5.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Odoriferous Substance Mixture Production in Argentina

In value terms, odoriferous substance mixture production rose modestly to $X in 2022 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.2% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by 32% against the previous year. Odoriferous substance mixture production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Odoriferous Substance Mixture Exports

Exports from Argentina

Odoriferous substance mixture exports from Argentina totaled X tons in 2022, remaining stable against the previous year. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 10%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, odoriferous substance mixture exports expanded slightly to $X in 2022. The total export value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 9.8%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X tons), Paraguay (X tons) and Uruguay (X tons) were the main destinations of odoriferous substance mixture exports from Argentina, together comprising 69% of total exports.

From 2012 to 2022, the biggest increases were recorded for Paraguay (with a CAGR of +5.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Chile ($X), Uruguay ($X) and Paraguay ($X) appeared to be the largest markets for odoriferous substance mixture exported from Argentina worldwide, together accounting for 78% of total exports.

Paraguay, with a CAGR of +8.1%, 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

The average odoriferous substance mixture export price stood at $X per ton in 2022, picking up by 3.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2013 an increase of 15% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Brazil ($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 Peru (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into Argentina

In 2022, imports of mixtures of odoriferous substances and their preparations into Argentina soared to X tons, increasing by 20% on the previous year. Overall, imports, however, saw a mild contraction. The growth pace was the most rapid in 2020 when imports increased by 28% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, odoriferous substance mixture imports surged to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Brazil (X tons), the United States (X tons) and Ireland (X tons) were the main suppliers of odoriferous substance mixture imports to Argentina, with a combined 74% share of total imports. Italy, Mexico, France, the Netherlands, Switzerland, China, Germany and the UK lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +17.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest odoriferous substance mixture suppliers to Argentina were the United States ($X), Brazil ($X) and Ireland ($X), with a combined 75% share of total imports. France, Switzerland, Mexico, Germany, Italy, the Netherlands, the UK and China lagged somewhat behind, together comprising a further 17%.

Italy, with a CAGR of +15.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, with an increase of 2.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 13%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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