Mexico: Scent Spray Market 2024

Scent Spray Market Size in Mexico

In 2022, the Mexican scent spray market decreased by X% to $X for the first time since 2015, thus ending a six-year rising trend. Over the period under review, consumption, however, saw a resilient expansion. Over the period under review, the market hit record highs at $X in 2021, and then dropped in the following year.

Scent Spray Production in Mexico

In value terms, scent spray production totaled $X in 2022 estimated in export price. In general, production continues to indicate a prominent increase. The growth pace was the most rapid in 2016 with an increase of X%. Scent spray production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Scent Spray Exports

Exports from Mexico

In 2022, the amount of scent sprays exported from Mexico soared to X tons, jumping by X% against the previous year. Over the period under review, exports, however, showed a perceptible decline. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, scent spray exports surged to $X in 2022. Overall, exports posted moderate growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for scent spray exports from Mexico, accounting for a X% share of total exports. Moreover, scent spray exports to the United States exceeded the volume sent to the second major destination, Colombia (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Peru (X% per year).

In value terms, the United States ($X) remains the key foreign market for scent sprays exports from Mexico, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Peru (X% per year).

Export Prices by Country

The average scent spray export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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

Scent Spray Imports

Imports into Mexico

In 2022, after two years of growth, there was significant decline in supplies from abroad of scent sprays, when their volume decreased by X% to X tons. In general, imports saw a noticeable downturn. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, scent spray imports fell rapidly to $X in 2022. Over the period under review, imports showed a pronounced decline. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank rapidly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of scent spray to Mexico, with a X% share of total imports. Moreover, scent spray imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. France (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and France (X% per year).

In value terms, China ($X) constituted the largest supplier of scent sprays to Mexico, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Argentina (X% per year).

Import Prices by Country

The average scent spray import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price 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, scent spray import price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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 Italy ($X per ton), while the price for China ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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