Europe: Odoriferous Substance Mixture Market 2025

Odoriferous Substance Mixture Market Size in Europe

In 2022, the Europe odoriferous substance mixture market decreased by -16.5% to $X, falling for the second year in a row after five years of growth. The market value increased at an average annual rate of +1.0% 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 2018 when the market value increased by 9.2%. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Odoriferous Substance Mixture Production in Europe

In value terms, odoriferous substance mixture production dropped to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 12% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Odoriferous Substance Mixture Exports

Exports in Europe

In 2022, overseas shipments of mixtures of odoriferous substances and their preparations increased by 9.5% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, odoriferous substance mixture exports surged to $X in 2022. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Ireland (X tons), Germany (X tons) and France (X tons) represented roughly 57% of total exports in 2022. It was distantly followed by the Netherlands (X tons), Switzerland (X tons), Spain (X tons) and the UK (X tons), together committing a 31% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Spain (with a CAGR of +4.2%), while the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X) remains the largest odoriferous substance mixture supplier in Europe, comprising 48% of total exports. The second position in the ranking was taken by France ($X), with a 13% share of total exports. It was followed by Germany, with an 11% share.

In Ireland, odoriferous substance mixture exports increased at an average annual rate of +3.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: France (+3.1% per year) and Germany (+2.8% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, jumping by 18% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ireland ($X per ton), while Spain ($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 (+2.2%), while the other leaders experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports in Europe

In 2022, purchases abroad of mixtures of odoriferous substances and their preparations increased by 2% to X tons for the first time since 2018, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 13% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, odoriferous substance mixture imports totaled $X in 2022. The total import value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by 10%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

The UK (X tons) and France (X tons) represented the main importers of mixtures of odoriferous substances and their preparations in 2022, finishing at near 18% and 14% of total imports, respectively. It was distantly followed by Germany (X tons), the Netherlands (X tons), Spain (X tons), Italy (X tons), Poland (X tons), Romania (X tons), Russia (X tons) and Belgium (X tons), together committing a 48% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Romania (with a CAGR of +11.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constitutes the largest market for imported mixtures of odoriferous substances and their preparations in Europe, comprising 23% of total imports. The second position in the ranking was held by the UK ($X), with a 9.5% share of total imports. It was followed by Germany, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value in France stood at +1.3%. In the other countries, the average annual rates were as follows: the UK (+1.8% per year) and Germany (+3.2% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, almost unchanged from the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 10%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while Romania ($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 Netherlands (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform