Poland: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Poland

In 2022, the Polish odoriferous substance mixture market decreased by -2.9% to $X, falling for the second consecutive year after four years of growth. Overall, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.6% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Odoriferous Substance Mixture Production in Poland

In value terms, odoriferous substance mixture production declined to $X in 2022 estimated in export price. Overall, production posted a resilient expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by 84%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Odoriferous Substance Mixture Exports

Exports from Poland

In 2022, shipments abroad of mixtures of odoriferous substances and their preparations increased by 8.1% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when exports increased by 28% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, odoriferous substance mixture exports skyrocketed to $X in 2022. Overall, exports saw a buoyant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 45%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X tons), Russia (X tons) and Austria (X tons) were the main destinations of odoriferous substance mixture exports from Poland, together accounting for 56% of total exports. Romania, the UK, the Netherlands, France, Ukraine, Hungary, Turkey, Slovakia and Mongolia lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +73.9%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for mixtures of odoriferous substances and their preparations exports from Poland, comprising 39% of total exports. The second position in the ranking was taken by Germany ($X), with a 12% share of total exports. It was followed by the UK, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value to Russia totaled +36.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+7.0% per year) and the UK (+3.3% per year).

Export Prices by Country

The average odoriferous substance mixture export price stood at $X per ton in 2022, increasing by 15% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +8.1% 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 export price increased by +52.1% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by 25%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Austria ($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 Austria (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into Poland

Odoriferous substance mixture imports into Poland dropped slightly to X tons in 2022, reducing by -2.1% on the previous year. The total import volume increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 22% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, odoriferous substance mixture imports shrank modestly to $X in 2022. The total import value increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 17%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of odoriferous substance mixture imports to Poland, with a combined 56% share of total imports. Ireland, Spain, the United States, the UK, Switzerland, Belgium and Italy lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +11.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest odoriferous substance mixture suppliers to Poland were Germany ($X), Ireland ($X) and France ($X), together accounting for 57% of total imports. The United States, the Netherlands, Switzerland, the UK, Spain, Italy and Belgium lagged somewhat behind, together accounting for a further 35%.

In terms of the main suppliers, the United States, with a CAGR of +11.7%, recorded the highest rates of growth with regard to 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, leveling off at the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 11%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 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 Italy (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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