Latin America and the Caribbean: Scent Spray Market 2024

Scent Spray Market Size in Latin America and the Caribbean

In 2022, the Latin American scent spray market decreased by X% to $X, falling for the second consecutive year after five years of growth. Over the period under review, consumption, however, enjoyed a prominent expansion. Over the period under review, the market attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Scent Spray Production in Latin America and the Caribbean

In value terms, scent spray production reached $X in 2022 estimated in export price. Over the period under review, production posted a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Scent Spray Exports

Exports in Latin America and the Caribbean

In 2022, exports of scent sprays in Latin America and the Caribbean surged to X tons, picking up by X% compared with 2021. Overall, exports, however, continue to indicate a noticeable downturn. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, scent spray exports surged to $X in 2022. Total exports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2020 indices. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico dominates exports structure, reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Colombia (X tons), making up a X% share of total exports. The following exporters - Guatemala (X tons) and Peru (X tons) - each finished at a X% share of total exports.

Exports from Mexico decreased at an average annual rate of X% from 2012 to 2022. At the same time, Peru (X%), Guatemala (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Colombia (X p.p.), Peru (X p.p.) and Guatemala (X p.p.) significantly strengthened its position in terms of the total exports, while Mexico saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Mexico ($X) remains the largest scent spray supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with a X% share of total exports. It was followed by Peru, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico stood at X%. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Peru (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

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

Scent Spray Imports

Imports in Latin America and the Caribbean

After five years of growth, supplies from abroad of scent sprays decreased by X% to X tons in 2022. Over the period under review, imports, however, posted a temperate increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped dramatically in the following year.

In value terms, scent spray imports contracted dramatically to $X in 2022. The total import value increased at an average annual rate of X% 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 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then dropped markedly in the following year.

Imports by Country

In 2022, Argentina (X tons) and Colombia (X tons) were the key importers of scent sprays in Latin America and the Caribbean, together comprising X% of total imports. Mexico (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Guatemala (X%), Peru (X%), Chile (X%), Brazil (X%) and Ecuador (X%).

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

In value terms, Colombia ($X), Mexico ($X) and Argentina ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Argentina, with a CAGR of X%, saw 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

The import price in Latin America and the Caribbean stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price, however, saw a noticeable contraction. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Mexico ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :