Australia and Oceania: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Australia and Oceania

The odoriferous substance mixture market in Australia and Oceania rose rapidly to $X in 2022, increasing by 5% against the previous year. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +98.2% against 2015 indices. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Odoriferous Substance Mixture Production in Australia and Oceania

In value terms, odoriferous substance mixture production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 34%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Odoriferous Substance Mixture Exports

Exports in Australia and Oceania

After two years of growth, shipments abroad of mixtures of odoriferous substances and their preparations decreased by -19.3% to X tons in 2022. Over the period under review, exports saw a pronounced setback. The growth pace was the most rapid in 2020 with an increase of 33% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, odoriferous substance mixture exports rose to $X in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

Australia was the main exporting country with an export of about X tons, which resulted at 80% of total exports. It was distantly followed by New Zealand (X tons), creating a 19% share of total exports.

Exports from Australia decreased at an average annual rate of -5.7% from 2012 to 2022. At the same time, New Zealand (+4.3%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +4.3% from 2012-2022. From 2012 to 2022, the share of New Zealand increased by +11 percentage points.

In value terms, Australia ($X) remains the largest odoriferous substance mixture supplier in Australia and Oceania, comprising 82% of total exports. The second position in the ranking was held by New Zealand ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia was relatively modest.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, with an increase of 27% against the previous year. Overall, the export price saw a resilient increase. The most prominent rate of growth was recorded in 2018 an increase of 45%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+7.1%).

Odoriferous Substance Mixture Imports

Imports in Australia and Oceania

In 2022, purchases abroad of mixtures of odoriferous substances and their preparations increased by 3.6% to X tons, rising for the third year in a row after three years of decline. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 22% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, odoriferous substance mixture imports rose modestly to $X in 2022. Total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.0% against 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

In 2022, Australia (X tons) represented the key importer of mixtures of odoriferous substances and their preparations, generating 59% of total imports. New Zealand (X tons) held a 27% share (based on physical terms) of total imports, which put it in second place, followed by Papua New Guinea (4.5%). The following importers - Fiji (X tons), New Caledonia (X tons) and French Polynesia (X tons) - together made up 8.4% of total imports.

Imports into Australia increased at an average annual rate of +1.8% from 2012 to 2022. At the same time, Papua New Guinea (+10.9%), New Caledonia (+9.7%), French Polynesia (+8.8%) and Fiji (+5.8%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +10.9% from 2012-2022. By contrast, New Zealand (-3.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia, Papua New Guinea and New Caledonia increased by +6.3, +2.8 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported mixtures of odoriferous substances and their preparations in Australia and Oceania, comprising 72% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 20% share of total imports. It was followed by Papua New Guinea, with a 3.1% share.

In Australia, odoriferous substance mixture imports expanded at an average annual rate of +4.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+2.3% per year) and Papua New Guinea (+13.4% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, odoriferous substance mixture import price increased by +44.3% against 2016 indices. The pace of growth was the most pronounced in 2018 an increase of 19%. The level of import peaked at $X per ton in 2021, and then contracted slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by French Polynesia (+7.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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