Brazil: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Brazil

The Brazilian odoriferous substance mixture market reached $X in 2022, growing by 2.3% against the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the market attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Odoriferous Substance Mixture Production in Brazil

In value terms, odoriferous substance mixture production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 7.5%. Odoriferous substance mixture production peaked at $X in 2020; afterwards, it flattened through to 2022.

Odoriferous Substance Mixture Exports

Exports from Brazil

After two years of growth, shipments abroad of mixtures of odoriferous substances and their preparations decreased by -7.8% to X tons in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 17%. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, odoriferous substance mixture exports expanded notably to $X in 2022. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 14%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Argentina (X tons) was the main destination for odoriferous substance mixture exports from Brazil, accounting for a 29% share of total exports. Moreover, odoriferous substance mixture exports to Argentina exceeded the volume sent to the second major destination, South Korea (X tons), threefold. The third position in this ranking was held by Paraguay (X tons), with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume to Argentina amounted to -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-2.0% per year) and Paraguay (-2.3% per year).

In value terms, Argentina ($X) remains the key foreign market for mixtures of odoriferous substances and their preparations exports from Brazil, comprising 34% of total exports. The second position in the ranking was taken by Chile ($X), with a 9.4% share of total exports. It was followed by Mexico, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+4.8% per year) and Mexico (+9.6% per year).

Export Prices by Country

In 2022, the average odoriferous substance mixture export price amounted to $X per ton, with an increase of 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to South Korea ($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 United States (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into Brazil

In 2022, approx. X tons of mixtures of odoriferous substances and their preparations were imported into Brazil; growing by 3.8% against 2021 figures. Overall, total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +4.8% 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 +60.2% against 2016 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 24%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, odoriferous substance mixture imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +4.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest odoriferous substance mixture supplier to Brazil, with a 54% share of total imports. Moreover, odoriferous substance mixture imports from the United States exceeded the figures recorded by the second-largest supplier, Ireland (X tons), fivefold. The third position in this ranking was held by Mexico (X tons), with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+2.3% per year) and Mexico (+3.8% per year).

In value terms, the United States ($X) constituted the largest supplier of mixtures of odoriferous substances and their preparations to Brazil, comprising 49% of total imports. The second position in the ranking was held by Ireland ($X), with a 15% share of total imports. It was followed by Malaysia, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+4.1% per year) and Malaysia (+77.0% per year).

Import Prices by Country

In 2022, the average odoriferous substance mixture import price amounted to $X per ton, jumping by 17% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2016; however, from 2017 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 Malaysia ($X per ton), while the price for Singapore ($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 UK (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :