New Zealand: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in New Zealand

The New Zealand odoriferous substance mixture market shrank to $X in 2022, which is down by -12.5% 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). Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then fell in the following year.

Odoriferous Substance Mixture Exports

Exports from New Zealand

Odoriferous substance mixture exports from New Zealand soared to X tons in 2022, picking up by 23% against the previous year. In general, exports continue to indicate a temperate increase. The pace of growth appeared the most rapid in 2020 with an increase of 68%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, odoriferous substance mixture exports soared to $X in 2022. Over the period under review, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 58%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons), Singapore (X tons) and Fiji (X tons) were the main destinations of odoriferous substance mixture exports from New Zealand, with a combined 55% share of total exports. The Philippines, Malaysia, the UK, the United States, Thailand, French Polynesia, Hong Kong SAR, Canada, India and China lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +49.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Singapore ($X) and the Philippines ($X) were the largest markets for odoriferous substance mixture exported from New Zealand worldwide, with a combined 55% share of total exports. Malaysia, Fiji, the UK, Thailand, Hong Kong SAR, Canada, French Polynesia, India, China and the United States lagged somewhat behind, together accounting for a further 35%.

Malaysia, with a CAGR of +44.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average odoriferous substance mixture export price amounted to $X per ton, rising by 18% against the previous year. Over the last decade, it increased at an average annual rate of +5.1%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 26%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United States ($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 the United States (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into New Zealand

In 2022, after two years of growth, there was significant decline in purchases abroad of mixtures of odoriferous substances and their preparations, when their volume decreased by -7.3% to X tons. Over the period under review, imports recorded a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, odoriferous substance mixture imports dropped modestly to $X in 2022. Overall, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. As a result, imports attained the peak of $X, and then shrank slightly in the following year.

Imports by Country

Australia (X tons), the United States (X tons) and Singapore (X tons) were the main suppliers of odoriferous substance mixture imports to New Zealand, with a combined 78% share of total imports. Germany, the UK, Indonesia, France and Ireland lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +66.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), the United States ($X) and Singapore ($X) constituted the largest odoriferous substance mixture suppliers to New Zealand, together accounting for 78% of total imports. Germany, the UK, Indonesia, France and Ireland lagged somewhat behind, together accounting for a further 15%.

Indonesia, with a CAGR of +63.5%, 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, picking up by 5.3% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, odoriferous substance mixture import price increased by +78.3% against 2013 indices. The most prominent rate of growth was recorded in 2014 an increase of 31%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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