Switzerland: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Switzerland

The Swiss odoriferous substance mixture market rose significantly to $X in 2022, surging by 13% against the previous year. In general, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Odoriferous substance mixture consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Odoriferous Substance Mixture Production in Switzerland

In value terms, odoriferous substance mixture production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 7.1%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Odoriferous Substance Mixture Exports

Exports from Switzerland

In 2022, approx. X tons of mixtures of odoriferous substances and their preparations were exported from Switzerland; leveling off at the previous year. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 8.7%. 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, odoriferous substance mixture exports dropped to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 7.5% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), France (X tons) and Italy (X tons) were the main destinations of odoriferous substance mixture exports from Switzerland, with a combined 32% share of total exports. Spain, Turkey, the UK, Russia, Mexico, Egypt, Hungary, Poland, the Netherlands and the United Arab Emirates lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +15.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for odoriferous substance mixture exported from Switzerland were France ($X), Germany ($X) and Italy ($X), together comprising 38% of total exports. Spain, the UK, Turkey, Poland, the United Arab Emirates, Russia, Mexico, Egypt, Hungary and the Netherlands lagged somewhat behind, together accounting for a further 36%.

Egypt, with a CAGR of +9.7%, recorded the highest growth rate of the value of exports, in terms of 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, shrinking by -1.5% against the previous year. In general, the export price showed a mild shrinkage. The pace of growth was the most pronounced in 2021 when the average export price increased by 7.6% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Hungary ($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 Italy (+0.3%), while the prices for the other major destinations experienced a decline.

Odoriferous Substance Mixture Imports

Imports into Switzerland

For the third year in a row, Switzerland recorded growth in purchases abroad of mixtures of odoriferous substances and their preparations, which increased by 6.8% to X tons in 2022. Overall, total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.7% 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 +60.2% against 2017 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, odoriferous substance mixture imports rose to $X in 2022. The total import value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2014 with an increase of 18%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

France (X tons), Germany (X tons) and Thailand (X tons) were the main suppliers of odoriferous substance mixture imports to Switzerland, with a combined 49% share of total imports. China, Spain, Ireland, the United States, the UK, the Netherlands, Belgium, Singapore, India and Italy lagged somewhat behind, together comprising a further 45%.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +16.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Ireland ($X) and Germany ($X) constituted the largest odoriferous substance mixture suppliers to Switzerland, together comprising 48% of total imports. Thailand, the Netherlands, the UK, Spain, the United States, China, Belgium, India, Italy and Singapore lagged somewhat behind, together comprising a further 47%.

Belgium, with a CAGR of +11.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average odoriferous substance mixture import price stood at $X per ton in 2022, shrinking by -2.1% against the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, odoriferous substance mixture import price decreased by -30.3% against 2017 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 20% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for China ($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 UK (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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