Eastern Asia: Scent Spray Market 2024

Scent Spray Market Size in Eastern Asia

The East Asian scent spray market skyrocketed to $X in 2022, rising by X% against the previous year. In general, consumption posted a resilient expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Scent Spray Production in Eastern Asia

In value terms, scent spray production expanded notably to $X in 2022 estimated in export price. Over the period under review, production saw buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Scent Spray Exports

Exports in Eastern Asia

In 2022, overseas shipments of scent sprays decreased by X% to X tons, falling for the second consecutive year after four years of growth. In general, exports, however, continue to indicate notable growth. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, scent spray exports contracted to $X in 2022. Overall, exports, however, continue to indicate a perceptible expansion. The pace of growth was the most pronounced in 2020 when exports increased by X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2022. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the scent sprays exports, with a CAGR of X% from 2012 to 2022. Taiwan (Chinese) (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest scent spray supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports.

In China, scent spray exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, increasing by X% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while China amounted to $X per ton.

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

Scent Spray Imports

Imports in Eastern Asia

In 2022, supplies from abroad of scent sprays decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports saw a perceptible slump. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, scent spray imports shrank sharply to $X in 2022. In general, imports saw a pronounced curtailment. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X tons) was the main importer of scent sprays, generating X% of total imports. Taiwan (Chinese) (X tons) took the second position in the ranking, followed by Japan (X tons) and China (X tons). All these countries together took approx. X% share of total imports. Hong Kong SAR (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to scent spray imports into South Korea stood at X%. At the same time, Japan (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, China (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Japan and Taiwan (Chinese) increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) constitutes the largest market for imported scent sprays in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by China, with an X% share.

In South Korea, scent spray imports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, picking up by X% against the previous year. In general, the import price saw a modest increase. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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