MERCOSUR: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in MERCOSUR

The MERCOSUR odoriferous substance mixture market rose to $X in 2022, with an increase of 2.1% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The level of consumption peaked in 2022 and is likely to continue growth in years to come.

Odoriferous Substance Mixture Production in MERCOSUR

In value terms, odoriferous substance mixture production rose to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 6.7%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

Odoriferous Substance Mixture Exports

Exports in MERCOSUR

In 2022, overseas shipments of mixtures of odoriferous substances and their preparations decreased by -7.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 12% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, odoriferous substance mixture exports totaled $X in 2022. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 9.7%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the three major exporters of mixtures of odoriferous substances and their preparations, namely Brazil, Argentina and Colombia, represented more than two-thirds of total export. It was distantly followed by Chile (X tons), committing a 9.7% share of total exports. Peru (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Chile (with a CAGR of +5.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest odoriferous substance mixture supplying countries in MERCOSUR were Argentina ($X), Brazil ($X) and Colombia ($X), with a combined 89% share of total exports. Chile and Peru lagged somewhat behind, together accounting for a further 10%.

In terms of the main exporting countries, Chile, with a CAGR of +7.3%, 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 export price in MERCOSUR stood at $X per ton in 2022, surging by 9.4% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+2.1%), while the other leaders experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports in MERCOSUR

In 2022, the amount of mixtures of odoriferous substances and their preparations imported in MERCOSUR was estimated at X tons, approximately reflecting the year before. The total import volume increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 9.1% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, odoriferous substance mixture imports totaled $X in 2022. The total import value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 11%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Brazil (X tons) and Colombia (X tons) were the key importers of mixtures of odoriferous substances and their preparations in 2022, reaching near 27% and 22% of total imports, respectively. It was distantly followed by Chile (X tons), Peru (X tons), Argentina (X tons) and Ecuador (X tons), together achieving a 40% share of total imports. Paraguay (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +4.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest odoriferous substance mixture importing markets in MERCOSUR were Brazil ($X), Colombia ($X) and Chile ($X), together comprising 60% of total imports. Peru, Argentina, Ecuador and Paraguay lagged somewhat behind, together accounting for a further 34%.

In terms of the main importing countries, Paraguay, with a CAGR of +8.8%, recorded the highest rates of growth with regard to 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 MERCOSUR stood at $X per ton in 2022, increasing by 3% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 9.5% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Argentina ($X per ton) and Paraguay ($X per ton), while Brazil ($X per ton) and Colombia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform