Thailand: Scent Spray Market 2024

Scent Spray Market Size in Thailand

The Thai scent spray market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption recorded a buoyant expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in years to come.

Scent Spray Production in Thailand

In value terms, scent spray production dropped to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Scent Spray Exports

Exports from Thailand

After four years of growth, overseas shipments of scent sprays decreased by X% to X tons in 2022. Over the period under review, exports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, scent spray exports fell significantly to $X in 2022. Overall, exports, however, posted perceptible growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for scent spray exports from Thailand, with a X% share of total exports. Moreover, scent spray exports to India exceeded the volume sent to the second major destination, Japan (X tons), threefold. Indonesia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Indonesia (X% per year).

In value terms, the largest markets for scent spray exported from Thailand were India ($X), the Philippines ($X) and Japan ($X), together comprising X% of total exports.

India, with a CAGR of X%, 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

The average scent spray export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price recorded a noticeable descent. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Indonesia ($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 Philippines (X%), while the prices for the other major destinations experienced mixed trend patterns.

Scent Spray Imports

Imports into Thailand

Scent spray imports into Thailand surged to X tons in 2022, increasing by X% on the previous year. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its volume 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, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, scent spray imports expanded significantly to $X in 2022. In general, total imports indicated pronounced growth 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, imports decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main scent spray supplier to Thailand, with a X% share of total imports. It was followed by Germany (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Italy (X% per year).

In value terms, China ($X) constituted the largest supplier of scent sprays to Thailand, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Italy (X% per year).

Import Prices by Country

The average scent spray import price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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