Nepal: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Nepal

The Nepalese odoriferous substance mixture market fell dramatically to $X in 2022, with a decrease of -18% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded resilient growth. As a result, consumption reached the peak level of $X, and then fell significantly in the following year.

Odoriferous Substance Mixture Exports

Exports from Nepal

In 2022, exports of mixtures of odoriferous substances and their preparations from Nepal dropped notably to X kg, waning by -36.4% against the year before. In general, exports, however, saw buoyant growth. The pace of growth was the most pronounced in 2015 when exports increased by 497% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, odoriferous substance mixture exports dropped notably to $X in 2022. Overall, exports, however, recorded modest growth. The most prominent rate of growth was recorded in 2015 when exports increased by 538% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X kg) was the main destination for odoriferous substance mixture exports from Nepal, accounting for a 72% share of total exports. Moreover, odoriferous substance mixture exports to China exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), fivefold. India (X kg) ranked third in terms of total exports with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to +22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+21.5% per year) and India (-14.9% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for mixtures of odoriferous substances and their preparations exports from Nepal, comprising 51% of total exports. The second position in the ranking was taken by China ($X), with a 20% share of total exports. It was followed by Norway, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to +13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+1.8% per year) and Norway (+96.0% per year).

Export Prices by Country

In 2022, the average odoriferous substance mixture export price amounted to $X per ton, almost unchanged from the previous year. In general, the export price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2018 when the average export price increased by 33%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to China ($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 Norway (+52.5%), while the prices for the other major destinations experienced mixed trend patterns.

Odoriferous Substance Mixture Imports

Imports into Nepal

In 2022, imports of mixtures of odoriferous substances and their preparations into Nepal declined significantly to X tons, shrinking by -21.2% on the previous year's figure. Overall, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 76% against the previous year. As a result, imports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, odoriferous substance mixture imports shrank significantly to $X in 2022. Over the period under review, imports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 53%. As a result, imports attained the peak of $X, and then shrank sharply in the following year.

Imports by Country

In 2022, India (X tons) constituted the largest odoriferous substance mixture supplier to Nepal, with a 77% share of total imports. Moreover, odoriferous substance mixture imports from India exceeded the figures recorded by the second-largest supplier, Egypt (X tons), sixfold. The third position in this ranking was taken by China (X tons), with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+13.4% per year) and China (+38.6% per year).

In value terms, the largest odoriferous substance mixture suppliers to Nepal were India ($X), Egypt ($X) and Germany ($X), with a combined 93% share of total imports. These countries were followed by China, which accounted for a further 2.1%.

China, with a CAGR of +28.7%, 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

The average odoriferous substance mixture import price stood at $X per ton in 2022, rising by 4.9% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 17%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood 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 Egypt ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform