Slovakia: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Slovakia

In 2022, the Slovak odoriferous substance mixture market increased by 4.7% to $X, rising for the sixth year in a row after three years of decline. Over the period under review, consumption posted notable growth. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Odoriferous Substance Mixture Production in Slovakia

In value terms, odoriferous substance mixture production surged to $X in 2022 estimated in export price. In general, production faced a deep downturn. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Odoriferous Substance Mixture Exports

Exports from Slovakia

In 2022, overseas shipments of mixtures of odoriferous substances and their preparations increased by 57% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 2,798% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, odoriferous substance mixture exports surged to $X in 2022. In general, exports saw a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by 1,949%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons), the Czech Republic (X tons) and the United States (X tons) were the main destinations of odoriferous substance mixture exports from Slovakia, with a combined 81% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +175.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for odoriferous substance mixture exported from Slovakia were Germany ($X), the United States ($X) and the Czech Republic ($X), together accounting for 86% of total exports.

The United States, with a CAGR of +173.0%, recorded 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

The average odoriferous substance mixture export price stood at $X per ton in 2022, with a decrease of -9% against the previous year. In general, the export price saw a noticeable slump. The pace of growth was the most pronounced in 2019 an increase of 89%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Morocco ($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 (+13.4%), while the prices for the other major destinations experienced a decline.

Odoriferous Substance Mixture Imports

Imports into Slovakia

In 2022, approx. X tons of mixtures of odoriferous substances and their preparations were imported into Slovakia; rising by 18% against the year before. Overall, imports posted buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 79% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, odoriferous substance mixture imports rose to $X in 2022. In general, imports posted a slight expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 75% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The Czech Republic (X tons), Germany (X tons) and France (X tons) were the main suppliers of odoriferous substance mixture imports to Slovakia, with a combined 59% share of total imports. Switzerland, the Netherlands, Poland, Hungary, Austria and Ireland lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +36.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of mixtures of odoriferous substances and their preparations to Slovakia, comprising 43% of total imports. The second position in the ranking was held by Switzerland ($X), with a 13% share of total imports. It was followed by the Czech Republic, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+5.0% per year) and the Czech Republic (+14.9% per year).

Import Prices by Country

In 2022, the average odoriferous substance mixture import price amounted to $X per ton, which is down by -12% against the previous year. Overall, the import price showed a abrupt downturn. The growth pace was the most rapid in 2021 an increase of 9.3%. 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 ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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