Jordan: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Jordan

The Jordanian odoriferous substance mixture market soared to $X in 2022, with an increase of 42% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed strong growth. Odoriferous substance mixture consumption peaked in 2022 and is expected to retain growth in the near future.

Odoriferous Substance Mixture Exports

Exports from Jordan

Odoriferous substance mixture exports from Jordan shrank rapidly to X tons in 2022, falling by -80.5% on the previous year's figure. Over the period under review, exports saw a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 123%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, odoriferous substance mixture exports plummeted to $X in 2022. In general, exports saw a slight descent. The pace of growth was the most pronounced in 2016 with an increase of 59% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for odoriferous substance mixture exports from Jordan, with a 48% share of total exports. Moreover, odoriferous substance mixture exports to Saudi Arabia exceeded the volume sent to the second major destination, Free Zones (X tons), fourfold. The third position in this ranking was taken by Iraq (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia stood at +15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (-14.9% per year) and Iraq (-9.6% per year).

In value terms, the largest markets for odoriferous substance mixture exported from Jordan were Free Zones ($X), Iraq ($X) and Syrian Arab Republic ($X), together accounting for 61% of total exports. Saudi Arabia, the United States, the United Arab Emirates, Palestine and Oman lagged somewhat behind, together comprising a further 21%.

Among the main countries of destination, the United States, with a CAGR of +50.0%, saw the highest growth rate of 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, rising by 51% against the previous year. Overall, the export price recorded notable growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Saudi Arabia ($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 Palestine (+22.0%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into Jordan

In 2022, purchases abroad of mixtures of odoriferous substances and their preparations decreased by -5.6% to X tons, falling for the third consecutive year after three years of growth. In general, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -32.2% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 35%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, odoriferous substance mixture imports shrank to $X in 2022. Over the period under review, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 31% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of odoriferous substance mixture to Jordan, accounting for a 31% share of total imports. Moreover, odoriferous substance mixture imports from India exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from India stood at +26.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+2.5% per year) and the Netherlands (+13.7% per year).

In value terms, India ($X) constituted the largest supplier of mixtures of odoriferous substances and their preparations to Jordan, comprising 31% of total imports. The second position in the ranking was held by Spain ($X), with a 14% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from India stood at +35.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+10.2% per year) and the Netherlands (+20.6% per year).

Import Prices by Country

In 2022, the average odoriferous substance mixture import price amounted to $X per ton, declining by -8.5% against the previous year. Over the period under review, the import price, however, saw strong growth. The pace of growth appeared the most rapid in 2020 an increase of 41% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then dropped in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($X per ton) and India ($X per ton), while the price for Switzerland ($X per ton) and Egypt ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform