Northern America: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Northern America

The North American odoriferous substance mixture market rose remarkably to $X in 2022, surging by 8.8% against the previous year. The market value increased at an average annual rate of +4.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in the immediate term.

Odoriferous Substance Mixture Production in Northern America

In value terms, odoriferous substance mixture production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 with an increase of 22% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Odoriferous Substance Mixture Exports

Exports in Northern America

After five years of growth, overseas shipments of mixtures of odoriferous substances and their preparations decreased by -6.4% to X tons in 2022. The total export volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 10%. As a result, the exports attained the peak of X tons, and then dropped in the following year.

In value terms, odoriferous substance mixture exports rose modestly to $X in 2022. The total export value increased at an average annual rate of +4.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

The United States dominates exports structure, recording X tons, which was near 91% of total exports in 2022. It was distantly followed by Canada (X tons), creating an 8.6% share of total exports.

Exports from the United States increased at an average annual rate of +1.4% from 2012 to 2022. At the same time, Canada (+14.3%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +14.3% from 2012-2022. From 2012 to 2022, the share of Canada increased by +5.8 percentage points.

In value terms, the United States ($X) remains the largest odoriferous substance mixture supplier in Northern America, comprising 97% of total exports. The second position in the ranking was taken by Canada ($X), with a 3.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States stood at +4.1%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, surging by 8.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2016 an increase of 12%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.6%).

Odoriferous Substance Mixture Imports

Imports in Northern America

In 2022, approx. X tons of mixtures of odoriferous substances and their preparations were imported in Northern America; with an increase of 13% on the previous year's figure. Total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.1% 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 +93.8% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 22% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, odoriferous substance mixture imports skyrocketed to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.6% 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 +64.7% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the main importer of mixtures of odoriferous substances and their preparations in Northern America, with the volume of imports resulting at X tons, which was approx. 80% of total imports in 2022. It was distantly followed by Canada (X tons), committing a 20% share of total imports.

The United States was also the fastest-growing in terms of the mixtures of odoriferous substances and their preparations imports, with a CAGR of +8.3% from 2012 to 2022. Canada experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United States increased by +15 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported mixtures of odoriferous substances and their preparations in Northern America, comprising 86% of total imports. The second position in the ranking was held by Canada ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to +7.9%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, picking up by 7.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2014 when the import price increased by 10%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+5.4%).

Source: IndexBox Platform

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