Denmark: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Denmark

In 2022, the Danish odoriferous substance mixture market decreased by -3.1% to $X, falling for the fourth year in a row after seven years of growth. Overall, consumption, however, posted a strong expansion. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Odoriferous Substance Mixture Production in Denmark

In value terms, odoriferous substance mixture production rose remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.9% 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 2016 when the production volume increased by 19%. Odoriferous substance mixture production peaked in 2022 and is expected to retain growth in the near future.

Odoriferous Substance Mixture Exports

Exports from Denmark

In 2022, approx. X tons of mixtures of odoriferous substances and their preparations were exported from Denmark; remaining stable against 2021. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 35%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, odoriferous substance mixture exports expanded notably to $X in 2022. Overall, exports showed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 39% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Sweden (X tons), the UK (X tons) and Norway (X tons) were the main destinations of odoriferous substance mixture exports from Denmark, together comprising 44% of total exports. Germany, Poland, France, Finland, Iceland, Spain, Faroe Islands, the Czech Republic, the Netherlands and Hungary lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +25.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for odoriferous substance mixture exported from Denmark were Sweden ($X), Norway ($X) and the UK ($X), together accounting for 57% of total exports.

Among the main countries of destination, Norway, with a CAGR of +24.6%, recorded the highest rates of growth with regard to the value of exports, 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, with an increase of 4.6% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.9% 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 decreased by -9.5% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 71% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Faroe Islands ($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 Norway (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into Denmark

In 2022, overseas purchases of mixtures of odoriferous substances and their preparations decreased by -31.4% to X tons, falling for the fifth year in a row after six years of growth. Overall, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 111% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, odoriferous substance mixture imports dropped slightly to $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2015 with an increase of 98% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Sweden (X tons), Ireland (X tons) and Germany (X tons) were the main suppliers of odoriferous substance mixture imports to Denmark, together accounting for 75% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +71.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X) constituted the largest supplier of mixtures of odoriferous substances and their preparations to Denmark, comprising 63% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by the Netherlands, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value from Ireland amounted to +67.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.8% per year) and the Netherlands (+2.2% per year).

Import Prices by Country

The average odoriferous substance mixture import price stood at $X per ton in 2022, jumping by 44% against the previous year. Overall, the import price enjoyed a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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