Pakistan: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Pakistan

After two years of growth, the Pakistani odoriferous substance mixture market decreased by -3.4% to $X in 2022. Over the period under review, consumption, however, enjoyed a strong expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then reduced modestly in the following year.

Odoriferous Substance Mixture Exports

Exports from Pakistan

In 2022, overseas shipments of mixtures of odoriferous substances and their preparations increased by 64% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 391% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, odoriferous substance mixture exports skyrocketed to $X in 2022. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 437% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Afghanistan (X tons) was the main destination for odoriferous substance mixture exports from Pakistan, with a 80% share of total exports. Moreover, odoriferous substance mixture exports to Afghanistan exceeded the volume sent to the second major destination, Guinea (X tons), eightfold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Afghanistan amounted to +76.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guinea (+45.0% per year) and the United Arab Emirates (+17.1% per year).

In value terms, Afghanistan ($X) remains the key foreign market for mixtures of odoriferous substances and their preparations exports from Pakistan, comprising 80% of total exports. The second position in the ranking was held by Guinea ($X), with an 8% share of total exports. It was followed by the United Arab Emirates, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value to Afghanistan stood at +80.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guinea (+42.2% per year) and the United Arab Emirates (+11.6% per year).

Export Prices by Country

The average odoriferous substance mixture export price stood at $X per ton in 2022, increasing by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2020 an increase of 38%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Saudi Arabia ($X per ton) and the United Arab Emirates ($X per ton), while the average price for exports to Guinea ($X per ton) and Afghanistan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.

Odoriferous Substance Mixture Imports

Imports into Pakistan

In 2022, after two years of growth, there was decline in purchases abroad of mixtures of odoriferous substances and their preparations, when their volume decreased by -1.4% to X tons. Over the period under review, imports, however, showed a buoyant expansion. The growth pace was the most rapid in 2014 when imports increased by 26% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then fell modestly in the following year.

In value terms, odoriferous substance mixture imports expanded markedly to $X in 2022. Overall, imports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 20%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Singapore (X tons) constituted the largest odoriferous substance mixture supplier to Pakistan, with a 44% share of total imports. Moreover, odoriferous substance mixture imports from Singapore exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold. China (X tons) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume from Singapore stood at +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+7.2% per year) and China (+27.8% per year).

In value terms, Singapore ($X) constituted the largest supplier of mixtures of odoriferous substances and their preparations to Pakistan, comprising 40% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 9% share of total imports. It was followed by Indonesia, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value from Singapore totaled +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+9.9% per year) and Indonesia (+25.5% per year).

Import Prices by Country

In 2022, the average odoriferous substance mixture import price amounted to $X per ton, picking up by 8.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2017 an increase of 8.9% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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