South Africa: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in South Africa

The South African odoriferous substance mixture market reached $X in 2022, remaining stable against the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +8.6% 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 -5.7% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; afterwards, it flattened through to 2022.

Odoriferous Substance Mixture Production in South Africa

In value terms, odoriferous substance mixture production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a prominent expansion. The growth pace was the most rapid in 2013 when the production volume increased by 67%. Odoriferous substance mixture production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Odoriferous Substance Mixture Exports

Exports from South Africa

In 2022, shipments abroad of mixtures of odoriferous substances and their preparations decreased by -0.5% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.9% against 2017 indices. The pace of growth appeared the most rapid in 2016 when exports increased by 26%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then shrank modestly in the following year.

In value terms, odoriferous substance mixture exports fell to $X in 2022. The total export value increased at an average annual rate of +2.3% 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 was the most pronounced in 2019 when exports increased by 24%. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Zambia (X tons), Swaziland (X tons) and Malawi (X tons) were the main destinations of odoriferous substance mixture exports from South Africa, with a combined 55% share of total exports. Nigeria, Kenya, Zimbabwe, Tanzania, Democratic Republic of the Congo, Mozambique, Angola, Sierra Leone and Botswana lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for Angola (with a CAGR of +67.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for odoriferous substance mixture exported from South Africa were Zambia ($X), Nigeria ($X) and Swaziland ($X), with a combined 45% share of total exports. Tanzania, Malawi, Kenya, Zimbabwe, Sierra Leone, Democratic Republic of the Congo, Mozambique, Angola and Botswana lagged somewhat behind, together accounting for a further 43%.

Sierra Leone, with a CAGR of +65.3%, saw the highest rates of growth with regard to 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 odoriferous substance mixture export price amounted to $X per ton, with a decrease of -5.4% against the previous year. Over the period under review, the export price recorded a noticeable descent. The most prominent rate of growth was recorded in 2014 when the average export price increased by 24%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Angola ($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 Zimbabwe (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into South Africa

Odoriferous substance mixture imports into South Africa reduced notably to X tons in 2022, which is down by -20.8% compared with the previous year. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +13.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 44% against the previous year. As a result, imports attained the peak of X tons, and then declined remarkably in the following year.

In value terms, odoriferous substance mixture imports fell slightly to $X in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 25% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Swaziland (X tons), India (X tons) and Germany (X tons) were the main suppliers of odoriferous substance mixture imports to South Africa, with a combined 57% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +11.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Swaziland ($X) constituted the largest supplier of mixtures of odoriferous substances and their preparations to South Africa, comprising 59% of total imports. The second position in the ranking was taken by India ($X), with a 7.6% share of total imports. It was followed by Germany, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Swaziland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+8.9% per year) and Germany (+7.3% per year).

Import Prices by Country

The average odoriferous substance mixture import price stood at $X per ton in 2022, jumping by 23% against the previous year. Over the period under review, the import price, however, showed a noticeable shrinkage. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 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 Swaziland ($X per ton), while the price for the United States ($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 (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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