Report Update Nov 1, 2024

Venezuela - Mixtures of Odoriferous Substances and Their Preparations - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Venezuela

After two years of growth, the Venezuelan odoriferous substance mixture market decreased by -14.6% to $X in 2022. In general, consumption faced a drastic downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Odoriferous Substance Mixture Exports

Exports from Venezuela

In 2022, odoriferous substance mixture exports from Venezuela soared to X tons, with an increase of 50% compared with the previous year's figure. In general, exports, however, showed a deep slump. The pace of growth appeared the most rapid in 2018 when exports increased by 130%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, odoriferous substance mixture exports rose slightly to $X in 2022. Overall, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 194%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa (X tons) was the main destination for odoriferous substance mixture exports from Venezuela, accounting for a 100% share of total exports. It was followed by the Dominican Republic (X kg), with a 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Africa was relatively modest.

From 2012 to 2022, the average annual growth rate of value to South Africa was relatively modest.

Export Prices by Country

In 2022, the average odoriferous substance mixture export price amounted to $X per ton, with a decrease of -31.6% against the previous year. Overall, the export price, however, showed a slight increase. The most prominent rate of growth was recorded in 2019 an increase of 60%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to South Africa totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+224.9%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into Venezuela

After two years of growth, purchases abroad of mixtures of odoriferous substances and their preparations decreased by -15.3% to X tons in 2022. Overall, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of 99% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, odoriferous substance mixture imports reduced to $X in 2022. Over the period under review, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 39%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of odoriferous substance mixture to Venezuela, with a 63% share of total imports. Moreover, odoriferous substance mixture imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), threefold. Brazil (X tons) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-20.9% per year) and Brazil (-16.3% per year).

In value terms, the largest odoriferous substance mixture suppliers to Venezuela were the United States ($X), Mexico ($X) and Brazil ($X), together accounting for 83% of total imports. China, Spain and Switzerland lagged somewhat behind, together accounting for a further 6.6%.

China, with a CAGR of -3.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average odoriferous substance mixture import price amounted to $X per ton, with an increase of 1.6% against the previous year. In general, the import price, however, continues to indicate a noticeable decrease. The growth pace was the most rapid in 2017 when the average import price increased by 12% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for mixtures of odoriferous substances and their preparations in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 40% of global consumption. These countries were followed by the UK, Indonesia, Mexico, Japan, Germany, France, Brazil, Belgium, Italy and Spain, which together accounted for a further 31%.

What are the largest producers of mixtures of odoriferous substances and their preparations in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 46% of global production. Ireland, Germany, Indonesia, Singapore, the UK, Switzerland, Brazil, France, Japan and Spain lagged somewhat behind, together comprising a further 38%.

What are the leading suppliers of mixtures of odoriferous substances and their preparations to Venezuela?

In value terms, the largest odoriferous substance mixture suppliers to Venezuela were the United States, Mexico and Spain, with a combined 96% share of total imports.

What are the leading importers of mixtures of odoriferous substances and their preparations from Venezuela?

In value terms, Chile remains the key foreign market for odoriferous substance mixture exports from Venezuela.

What is the average export price for mixtures of odoriferous substances and their preparations in Venezuela?

In 2021, the average odoriferous substance mixture export price amounted to $30,510 per ton, reducing by -3.2% against the previous year.

What is the average import price for mixtures of odoriferous substances and their preparations in Venezuela?

In 2021, the average odoriferous substance mixture import price amounted to $12,327 per ton, increasing by 15% against the previous year.

This report provides an in-depth analysis of the odoriferous substance mixture market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20531075 - Mixtures of odoriferous substances of a kind used in the food or drink industries
Prodcom 20531079 - Mixtures of odoriferous substances (excluding those of a kind used in the food or drink industries)

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023