Italy: Odoriferous Substance Mixture Market 2025

Odoriferous Substance Mixture Market Size in Italy

In 2022, the Italian odoriferous substance mixture market decreased by -12.9% to $X, falling for the second consecutive year after two years of growth. Overall, consumption recorded a perceptible setback. Odoriferous substance mixture consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Odoriferous Substance Mixture Production in Italy

In value terms, odoriferous substance mixture production fell rapidly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of 34% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Odoriferous Substance Mixture Exports

Exports from Italy

In 2022, overseas shipments of mixtures of odoriferous substances and their preparations increased by 8.7% to X tons, rising for the third consecutive year after three years of decline. The total export volume increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 14% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, odoriferous substance mixture exports rose rapidly to $X in 2022. Over the period under review, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.9% 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 +28.8% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

France (X tons), the United States (X tons) and Germany (X tons) were the main destinations of odoriferous substance mixture exports from Italy, with a combined 28% share of total exports. Spain, Poland, the UK, the Netherlands, Lithuania, Algeria, Russia, Singapore, Ireland and Saudi Arabia lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +35.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and the UK ($X) were the largest markets for odoriferous substance mixture exported from Italy worldwide, together comprising 23% of total exports. Saudi Arabia, Spain, Germany, Poland, Ireland, the Netherlands, Russia, Lithuania, Singapore and Algeria lagged somewhat behind, together comprising a further 32%.

Saudi Arabia, with a CAGR of +38.1%, saw the highest growth rate of 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 odoriferous substance mixture export price amounted to $X per ton, leveling off at the previous year. In general, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 +65.8% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 21%. The export price peaked at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Algeria ($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 Germany (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into Italy

After two years of growth, supplies from abroad of mixtures of odoriferous substances and their preparations decreased by -5% to X tons in 2022. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 24%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, odoriferous substance mixture imports expanded modestly to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

France (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of odoriferous substance mixture imports to Italy, with a combined 73% share of total imports. Ireland, Belgium, Spain, Poland, the United States and the UK lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +19.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Ireland ($X) and Germany ($X) were the largest odoriferous substance mixture suppliers to Italy, with a combined 77% share of total imports. The Netherlands, Spain, Belgium, the United States, Poland and the UK lagged somewhat behind, together comprising a further 19%.

Among the main suppliers, Poland, with a CAGR of +9.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average odoriferous substance mixture import price amounted to $X per ton, growing by 8.5% against the previous year. In general, the import price, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2018 an increase of 23% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 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 Ireland ($X per ton), while the price for Poland ($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 (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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