Singapore: Scent Spray Market 2024

Scent Spray Market Size in Singapore

The Singaporean scent spray market skyrocketed to $X in 2022, rising by X% against the previous year. Overall, consumption, however, saw a mild curtailment. Scent spray consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Scent Spray Production in Singapore

In value terms, scent spray production amounted to $X in 2022 estimated in export price. In general, production enjoyed a prominent increase. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Scent Spray Exports

Exports from Singapore

In 2022, exports of scent sprays from Singapore shrank rapidly to X tons, with a decrease of X% compared with the previous year's figure. In general, exports showed a mild descent. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then shrank notably in the following year.

In value terms, scent spray exports reduced sharply to $X in 2022. Over the period under review, exports recorded a noticeable setback. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for scent spray exports from Singapore, with a X% share of total exports. Moreover, scent spray exports to Japan exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Japan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, Japan ($X), the United Arab Emirates ($X) and Malaysia ($X) constituted the largest markets for scent spray exported from Singapore worldwide, together comprising X% of total exports. Taiwan (Chinese), South Korea, China, Indonesia, Thailand, Hong Kong SAR, Seychelles and Cambodia lagged somewhat behind, together comprising a further X%.

Thailand, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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 scent spray export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, saw a slight descent. The growth pace was the most rapid in 2017 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

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

Scent Spray Imports

Imports into Singapore

Scent spray imports into Singapore declined to X tons in 2022, shrinking by X% against the previous year. Over the period under review, imports faced a dramatic downturn. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, scent spray imports soared to $X in 2022. Overall, imports showed a dramatic descent. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of scent spray imports to Singapore, with a combined X% share of total imports. France, the United States, Indonesia and Thailand lagged somewhat behind, together comprising a further X%.

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

In value terms, China ($X), Italy ($X) and France ($X) were the largest scent spray suppliers to Singapore, together comprising X% of total imports. Taiwan (Chinese), Indonesia, the United States and Thailand lagged somewhat behind, together comprising a further X%.

Indonesia, with a CAGR of X%, saw the highest growth rate of 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 scent spray import price amounted to $X per ton, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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