Slovenia: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Slovenia

The Slovene odoriferous substance mixture market declined remarkably to $X in 2022, which is down by -16.2% against the previous year. In general, consumption recorded a mild decrease. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Odoriferous Substance Mixture Production in Slovenia

In value terms, odoriferous substance mixture production stood at $X in 2022 estimated in export price. Overall, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.1% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 20%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Odoriferous Substance Mixture Exports

Exports from Slovenia

After ten years of growth, shipments abroad of mixtures of odoriferous substances and their preparations decreased by -13.7% to X tons in 2022. Over the period under review, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 32%. As a result, the exports attained the peak of X tons, and then shrank in the following year.

In value terms, odoriferous substance mixture exports contracted to $X in 2022. Overall, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

Serbia (X tons), Russia (X tons) and the Netherlands (X tons) were the main destinations of odoriferous substance mixture exports from Slovenia, with a combined 39% share of total exports. Belgium, the Czech Republic, Croatia, Poland, North Macedonia, Belarus, Turkey, Hungary, Germany and Egypt lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +138.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Serbia ($X) and Russia ($X) constituted the largest markets for odoriferous substance mixture exported from Slovenia worldwide, together comprising 33% of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +128.4%, 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

The average odoriferous substance mixture export price stood at $X per ton in 2022, picking up by 5.5% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 13%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Serbia ($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 Germany (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into Slovenia

After six years of growth, purchases abroad of mixtures of odoriferous substances and their preparations decreased by -9.3% to X tons in 2022. Over the period under review, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 46% against the previous year. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, odoriferous substance mixture imports dropped slightly to $X in 2022. In general, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2021 with an increase of 46%. As a result, imports attained the peak of $X, and then declined slightly in the following year.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Austria (X tons) were the main suppliers of odoriferous substance mixture imports to Slovenia, with a combined 61% share of total imports. Italy, France, Ireland, Poland, Switzerland, the UK, Spain and Belgium lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +40.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of mixtures of odoriferous substances and their preparations to Slovenia, comprising 41% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by France, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled +38.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.0% per year) and France (+3.6% per year).

Import Prices by Country

The average odoriferous substance mixture import price stood at $X per ton in 2022, surging by 8.3% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 20%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform