South-Eastern Asia: Scent Spray Market 2024

Scent Spray Market Size in South-Eastern Asia

The Southeast Asian scent spray market fell modestly to $X in 2022, remaining stable against the previous year. Overall, consumption continues to indicate a resilient increase. Over the period under review, the market hit record highs at $X in 2021, and then dropped modestly in the following year.

Scent Spray Production in South-Eastern Asia

In value terms, scent spray production contracted to $X in 2022 estimated in export price. In general, production posted a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Scent Spray Exports

Exports in South-Eastern Asia

In 2022, exports of scent sprays in South-Eastern Asia soared to X tons, growing by X% on the previous year's figure. Over the period under review, exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, scent spray exports totaled $X in 2022. Total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Vietnam (X tons) represented the major exporter of scent sprays, generating X% of total exports. It was distantly followed by Thailand (X tons), making up an X% share of total exports. Indonesia (X tons) followed a long way behind the leaders.

Vietnam was also the fastest-growing in terms of the scent sprays exports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%) displayed positive paces of growth. By contrast, Indonesia (X%) illustrated a downward trend over the same period. Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand and Indonesia saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Vietnam ($X) remains the largest scent spray supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports.

In Vietnam, scent spray exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, reducing by X% against the previous year. In general, the export price showed a abrupt descent. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced a decline in the export price figures.

Scent Spray Imports

Imports in South-Eastern Asia

For the fifth consecutive year, South-Eastern Asia recorded growth in overseas purchases of scent sprays, which increased by X% to X tons in 2022. Over the period under review, imports saw strong growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, scent spray imports amounted to $X in 2022. Overall, imports saw a perceptible increase. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Indonesia represented the largest importing country with an import of around X tons, which reached X% of total imports. Vietnam (X tons) held the second position in the ranking, followed by Thailand (X tons), the Philippines (X tons) and Malaysia (X tons). All these countries together held near X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to scent spray imports into Indonesia stood at X%. At the same time, Vietnam (X%), Thailand (X%), the Philippines (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Indonesia (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand, Malaysia and the Philippines saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Indonesia ($X), Vietnam ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, which is down by X% against the previous year. In general, the import price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. Over the period under review, import prices reached the peak figure 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 destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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