Turkey: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Turkey

The Turkish odoriferous substance mixture market fell modestly to $X in 2022, dropping by -3.6% against the previous year. In general, consumption saw a slight decline. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Odoriferous Substance Mixture Production in Turkey

In value terms, odoriferous substance mixture production contracted remarkably to $X in 2022 estimated in export price. In general, production, however, continues to indicate a significant expansion. The growth pace was the most rapid in 2018 with an increase of 254% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Odoriferous Substance Mixture Exports

Exports from Turkey

In 2022, odoriferous substance mixture exports from Turkey skyrocketed to X tons, picking up by 28% against the previous year's figure. Over the period under review, exports recorded a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 41% against the previous year. 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 soared to $X in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 40% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Russia (X tons), Iraq (X tons) and Iran (X tons) were the main destinations of odoriferous substance mixture exports from Turkey, together comprising 38% of total exports. The United States, Senegal, Algeria, the United Arab Emirates, France, Germany, Uzbekistan, Egypt, Belgium and Libya lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +77.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Iraq ($X) and Iran ($X) constituted the largest markets for odoriferous substance mixture exported from Turkey worldwide, with a combined 37% share of total exports. Russia, Germany, France, Algeria, Uzbekistan, Egypt, the United States, Belgium, Senegal and Libya lagged somewhat behind, together accounting for a further 33%.

In terms of the main countries of destination, Belgium, with a CAGR of +84.5%, saw the highest rates of growth with regard to the value of exports, 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, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2013 an increase of 19%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average 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 United Arab Emirates ($X per ton), while the average price for exports to Senegal ($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 Germany (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into Turkey

In 2022, imports of mixtures of odoriferous substances and their preparations into Turkey totaled X tons, surging by 4.9% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 8.7% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, odoriferous substance mixture imports expanded remarkably to $X in 2022. The total import value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Ireland (X tons), Germany (X tons) and Switzerland (X tons) were the main suppliers of odoriferous substance mixture imports to Turkey, with a combined 56% share of total imports. France, the Netherlands, Israel, Egypt, the United States, Spain, the UK, Hungary and Brazil lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Israel (with a CAGR of +43.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest odoriferous substance mixture suppliers to Turkey were Ireland ($X), Switzerland ($X) and France ($X), together comprising 57% of total imports. Germany, the Netherlands, Egypt, the UK, Spain, the United States, Israel, Hungary and Brazil lagged somewhat behind, together comprising a further 38%.

Egypt, with a CAGR of +48.2%, recorded 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, surging by 6.5% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 10% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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