MERCOSUR: Scent Spray Market 2024

Scent Spray Market Size in MERCOSUR

In 2022, the MERCOSUR scent spray market decreased by X% to $X, falling for the second consecutive year after five years of growth. Overall, consumption, however, saw prominent growth. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Scent Spray Production in MERCOSUR

In value terms, scent spray production amounted to $X in 2022 estimated in export price. The total production indicated a buoyant 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Scent Spray Exports

Exports in MERCOSUR

In 2022, overseas shipments of scent sprays decreased by X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports, however, continue to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, scent spray exports contracted significantly to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia represented the largest exporting country with an export of around X tons, which reached X% of total exports. It was distantly followed by Peru (X tons), comprising a X% share of total exports. Brazil (X tons) and Ecuador (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to scent spray exports from Colombia stood at X%. At the same time, Peru (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Ecuador (X%) and Brazil (X%) illustrated a downward trend over the same period. Peru (X p.p.) and Colombia (X p.p.) significantly strengthened its position in terms of the total exports, while Ecuador and Brazil saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Colombia ($X) emerged as the largest scent spray supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Peru ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

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

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price showed a perceptible curtailment. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, the export prices reached the maximum 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 ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced a decline in the export price figures.

Scent Spray Imports

Imports in MERCOSUR

In 2022, purchases abroad of scent sprays decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then dropped remarkably in the following year.

In value terms, scent spray imports fell markedly 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 throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then contracted markedly in the following year.

Imports by Country

Argentina (X tons) and Colombia (X tons) were the key importers of scent sprays in 2022, amounting to near X% and X% of total imports, respectively. Peru (X tons) held the next position in the ranking, followed by Chile (X tons), Brazil (X tons) and Ecuador (X tons). All these countries together held near X% share of total imports.

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 ($X) constitutes the largest market for imported scent sprays in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with a X% share of total imports. It was followed by Peru, with a X% share.

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

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, remaining constant against the previous year. In general, the import price, however, saw a noticeable downturn. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Colombia ($X per ton), while Argentina ($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 a decline in the import price figures.

Source: IndexBox Platform