France: Perfume Market 2024

Perfume Market Size in France

The French perfume market fell to $X in 2022, dropping by -6.5% against the previous year. In general, consumption, however, continues to indicate a mild decline. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Perfume Production in France

In value terms, perfume production soared to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Perfume Exports

Exports from France

In 2022, the amount of perfumes and toilet waters exported from France skyrocketed to X tons, jumping by 15% on 2021. The total export volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 24% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, perfume exports soared to $X in 2022. The total export value increased at an average annual rate of +3.4% 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 2021 when exports increased by 39% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X tons), Spain (X tons) and Germany (X tons) were the main destinations of perfume exports from France, together accounting for 46% of total exports. The UK, the United Arab Emirates, Italy, Singapore, Saudi Arabia, China, the Netherlands, Australia, Switzerland and Russia lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +19.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Spain ($X) constituted the largest markets for perfume exported from France worldwide, together accounting for 42% of total exports. The UK, the United Arab Emirates, Singapore, Italy, China, the Netherlands, Australia, Switzerland, Saudi Arabia and Russia lagged somewhat behind, together comprising a further 31%.

China, with a CAGR of +22.2%, saw the highest rates of growth with regard to the value of exports, in terms of 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 perfume export price amounted to $X per ton, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 16% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Saudi Arabia ($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 the Netherlands (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Perfume Imports

Imports into France

In 2022, the amount of perfumes and toilet waters imported into France skyrocketed to X tons, growing by 38% compared with the previous year's figure. Overall, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.0% 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 +91.2% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 42% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, perfume imports soared to $X in 2022. The total import value increased at an average annual rate of +3.8% 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 2016 with an increase of 43% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of perfume to France, with a 41% share of total imports. Moreover, perfume imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Spain stood at +17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.7% per year) and the Netherlands (+10.1% per year).

In value terms, Spain ($X) constituted the largest supplier of perfumes and toilet waters to France, comprising 39% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by the United States, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.1% per year) and the United States (-3.5% per year).

Import Prices by Country

The average perfume import price stood at $X per ton in 2022, which is down by -12% against the previous year. In general, the import price showed a perceptible contraction. The growth pace was the most rapid in 2018 when the average import price increased by 33%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Belgium ($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 (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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