Luxembourg: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Luxembourg

In 2022, after three years of growth, there was significant decline in the Luxembourg odoriferous substance mixture market, when its value decreased by -39.5% to $X. Overall, consumption recorded a noticeable contraction. Odoriferous substance mixture consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Odoriferous Substance Mixture Exports

Exports from Luxembourg

For the third year in a row, Luxembourg recorded growth in overseas shipments of mixtures of odoriferous substances and their preparations, which increased by 77% to X tons in 2022. In general, exports enjoyed perceptible growth. The pace of growth appeared the most rapid in 2021 with an increase of 266%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, odoriferous substance mixture exports fell to $X in 2022. Overall, exports, however, continue to indicate a mild decline. The pace of growth was the most pronounced in 2018 with an increase of 409% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for odoriferous substance mixture exports from Luxembourg, accounting for a 85% share of total exports. Moreover, odoriferous substance mixture exports to France exceeded the volume sent to the second major destination, Belgium (X tons), sevenfold. The third position in this ranking was taken by Germany (X tons), with a 2.1% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled +62.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-5.2% per year) and Germany (-20.3% per year).

In value terms, France ($X) emerged as the key foreign market for mixtures of odoriferous substances and their preparations exports from Luxembourg, comprising 76% of total exports. The second position in the ranking was taken by Belgium ($X), with an 11% share of total exports. It was followed by Germany, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled +50.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+5.4% per year) and Germany (-19.7% per year).

Export Prices by Country

In 2022, the average odoriferous substance mixture export price amounted to $X per ton, falling by -49.8% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2018 an increase of 76%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to France ($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 Turkey (+32.5%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into Luxembourg

For the third year in a row, Luxembourg recorded growth in purchases abroad of mixtures of odoriferous substances and their preparations, which increased by 19% to X tons in 2022. In general, imports, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 36%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, odoriferous substance mixture imports contracted notably to $X in 2022. Overall, imports continue to indicate a measured increase. The most prominent rate of growth was recorded in 2020 when imports increased by 68% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank significantly in the following year.

Imports by Country

Germany (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of odoriferous substance mixture imports to Luxembourg, together accounting for 90% of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +6.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest odoriferous substance mixture suppliers to Luxembourg were France ($X), Germany ($X) and the Netherlands ($X), together comprising 84% of total imports.

France, with a CAGR of +10.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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, with a decrease of -49.4% against the previous year. Over the period under review, the import price, however, recorded a strong expansion. The growth pace was the most rapid in 2020 an increase of 38% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then contracted markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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