Peru: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Peru

The Peruvian odoriferous substance mixture market fell to $X in 2022, dropping by -8.3% 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). The market value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Odoriferous substance mixture consumption peaked at $X in 2021, and then contracted in the following year.

Odoriferous Substance Mixture Exports

Exports from Peru

In 2022, the amount of mixtures of odoriferous substances and their preparations exported from Peru fell to X tons, waning by -15% on the year before. Overall, exports continue to indicate a noticeable downturn. The growth pace was the most rapid in 2021 when exports increased by 49%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, odoriferous substance mixture exports contracted to $X in 2022. In general, exports saw a mild descent. The pace of growth appeared the most rapid in 2021 with an increase of 42%. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

The Dominican Republic (X tons) was the main destination for odoriferous substance mixture exports from Peru, with a 30% share of total exports. Moreover, odoriferous substance mixture exports to the Dominican Republic exceeded the volume sent to the second major destination, Bolivia (X tons), twofold. The third position in this ranking was held by Chile (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to the Dominican Republic stood at -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+3.2% per year) and Chile (+33.9% per year).

In value terms, the Dominican Republic ($X), Bolivia ($X) and Colombia ($X) were the largest markets for odoriferous substance mixture exported from Peru worldwide, with a combined 53% share of total exports. Free Zones, Ecuador, the United States, Chile, the Netherlands, Italy and Venezuela lagged somewhat behind, together accounting for a further 41%.

Among the main countries of destination, Italy, with a CAGR of +47.8%, recorded the highest growth rate of the value of exports, 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, therefore, remained relatively stable against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2016 an increase of 20% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 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 Ecuador ($X per ton), while the average price for exports to Chile ($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 Netherlands (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into Peru

In 2022, imports of mixtures of odoriferous substances and their preparations into Peru reduced to X tons, dropping by -10.2% against the previous year's figure. The total import volume increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 26% against the previous year. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, odoriferous substance mixture imports dropped to $X in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

Mexico (X tons), Colombia (X tons) and the United States (X tons) were the main suppliers of odoriferous substance mixture imports to Peru, with a combined 52% share of total imports. Chile, Uruguay, Spain, Argentina, Free Zones, the UK and Switzerland lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Uruguay (with a CAGR of +10.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest odoriferous substance mixture suppliers to Peru were Chile ($X), Colombia ($X) and the United States ($X), together comprising 58% of total imports. Mexico, Spain, Argentina, Uruguay, the UK, Free Zones and Switzerland lagged somewhat behind, together accounting for a further 37%.

In terms of the main suppliers, Spain, with a CAGR of +12.4%, recorded the highest growth rate of the value of imports, 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, remaining constant against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 10% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :