Chile: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Chile

In 2022, after two years of growth, there was decline in the Chilean odoriferous substance mixture market, when its value decreased by -0.6% to $X. Over the period under review, consumption recorded a perceptible decrease. Odoriferous substance mixture consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Odoriferous Substance Mixture Production in Chile

In value terms, odoriferous substance mixture production dropped modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 5.7%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Odoriferous Substance Mixture Exports

Exports from Chile

In 2022, the amount of mixtures of odoriferous substances and their preparations exported from Chile contracted markedly to X tons, waning by -21.6% compared with 2021. Over the period under review, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +14.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 96% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, odoriferous substance mixture exports expanded rapidly to $X in 2022. In general, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.1% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 35% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Peru (X tons), Bolivia (X tons) and Ecuador (X tons) were the main destinations of odoriferous substance mixture exports from Chile, with a combined 69% share of total exports. The United States, Brazil, Paraguay and the Dominican Republic lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +19.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for odoriferous substance mixture exported from Chile were Peru ($X), Bolivia ($X) and Ecuador ($X), with a combined 72% share of total exports. Brazil, Paraguay, the Dominican Republic and the United States lagged somewhat behind, together accounting for a further 18%.

The Dominican Republic, with a CAGR of +16.6%, recorded the highest growth rate of the value of exports, among 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

In 2022, the average odoriferous substance mixture export price amounted to $X per ton, growing by 37% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 export price increased by +26.3% against 2017 indices. As a result, the export price attained 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 the Dominican Republic ($X per ton), while the average price for exports to the United States ($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 Brazil (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into Chile

In 2022, supplies from abroad of mixtures of odoriferous substances and their preparations decreased by -6.7% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 18% against the previous year. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, odoriferous substance mixture imports reduced to $X in 2022. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 24%. Over the period under review, imports attained the maximum at $X in 2021, and then reduced in the following year.

Imports by Country

Argentina (X tons), the United States (X tons) and Uruguay (X tons) were the main suppliers of odoriferous substance mixture imports to Chile, with a combined 64% share of total imports. Brazil, Ireland, France, China, Spain, Germany, Colombia, Mexico and the Netherlands lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +35.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest odoriferous substance mixture suppliers to Chile were the United States ($X), Argentina ($X) and Uruguay ($X), with a combined 61% share of total imports. Ireland, Brazil, Germany, France, Mexico, Spain, the Netherlands, Colombia and China lagged somewhat behind, together comprising a further 31%.

China, with a CAGR of +28.7%, saw 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

The average odoriferous substance mixture import price stood at $X per ton in 2022, rising by 6.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 29%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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