Canada: Perfume Market 2024

Perfume Market Size in Canada

The Canadian perfume market soared to $X in 2022, increasing by 38% 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, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +80.0% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Perfume Exports

Exports from Canada

In 2022, after five years of growth, there was significant decline in overseas shipments of perfumes and toilet waters, when their volume decreased by -49.5% to X tons. In general, exports, however, saw resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 90%. As a result, the exports attained the peak of X tons, and then fell sharply in the following year.

In value terms, perfume exports dropped remarkably to $X in 2022. Over the period under review, exports, however, recorded strong growth. The pace of growth was the most pronounced in 2018 with an increase of 56%. The exports peaked at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

The United States (X tons) was the main destination for perfume exports from Canada, accounting for a approx. 96% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +5.6%.

In value terms, the United States ($X) also remains the key foreign market for perfumes and toilet waters exports from Canada.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +11.6%.

Export Prices by Country

The average perfume export price stood at $X per ton in 2022, surging by 56% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +5.8% per year.

Perfume Imports

Imports into Canada

Perfume imports into Canada soared to X tons in 2022, jumping by 30% on 2021 figures. Overall, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +8.6% 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 +58.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, perfume imports skyrocketed to $X in 2022. In general, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +80.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 44%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, France (X tons) constituted the largest perfume supplier to Canada, with a 66% share of total imports. Moreover, perfume imports from France exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. Spain (X tons) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from France amounted to +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.6% per year) and Spain (+13.8% per year).

In value terms, France ($X) constituted the largest supplier of perfumes and toilet waters to Canada, comprising 50% of total imports. The second position in the ranking was taken by the United States ($X), with a 24% share of total imports. It was followed by Italy, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value from France stood at +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.2% per year) and Italy (+10.2% per year).

Import Prices by Country

The average perfume import price stood at $X per ton in 2022, declining by -3.3% against the previous year. Overall, the import price recorded a perceptible contraction. The pace of growth appeared the most rapid in 2021 an increase of 17% against the previous year. Over the period under review, average import prices attained the peak figure 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 Italy ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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