Sweden: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Sweden

After two years of growth, the Swedish odoriferous substance mixture market decreased by -0.6% to $X in 2022. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Odoriferous substance mixture consumption peaked at $X in 2021, and then reduced in the following year.

Odoriferous Substance Mixture Production in Sweden

In value terms, odoriferous substance mixture production shrank remarkably to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2017 when the production volume increased by 68%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Odoriferous Substance Mixture Exports

Exports from Sweden

Odoriferous substance mixture exports from Sweden dropped modestly to X tons in 2022, shrinking by -2.6% compared with 2021. Overall, exports, however, enjoyed a pronounced expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 94% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then fell slightly in the following year.

In value terms, odoriferous substance mixture exports amounted to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 44% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Denmark (X tons), Norway (X tons) and the Netherlands (X tons) were the main destinations of odoriferous substance mixture exports from Sweden, together comprising 83% of total exports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +10.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for mixtures of odoriferous substances and their preparations exports from Sweden, comprising 39% of total exports. The second position in the ranking was taken by Denmark ($X), with a 16% share of total exports. It was followed by Norway, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands amounted to +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+4.7% per year) and Norway (-7.8% per year).

Export Prices by Country

In 2022, the average odoriferous substance mixture export price amounted to $X per ton, with an increase of 5.2% against the previous year. Overall, the export price, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2020 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Norway ($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 Netherlands (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into Sweden

In 2022, the amount of mixtures of odoriferous substances and their preparations imported into Sweden reduced slightly to X tons, dropping by -2% against the previous year's figure. Over the period under review, imports, however, recorded modest growth. The pace of growth appeared the most rapid in 2015 with an increase of 40%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, odoriferous substance mixture imports expanded rapidly to $X in 2022. In general, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 34%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Ireland (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of odoriferous substance mixture imports to Sweden, together comprising 76% of total imports.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +26.8%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Ireland ($X) constituted the largest supplier of mixtures of odoriferous substances and their preparations to Sweden, comprising 57% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 14% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Ireland amounted to +28.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+2.1% per year) and Germany (+8.9% per year).

Import Prices by Country

The average odoriferous substance mixture import price stood at $X per ton in 2022, increasing by 15% against the previous year. Over the period under review, the import price posted strong growth. The pace of growth appeared the most rapid in 2021 when the average import price increased by 55%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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