Report Update Nov 1, 2024

Venezuela - Perfumes and Toilet Waters - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Perfume Market 2024

Perfume Market Size in Venezuela

The Venezuelan perfume market reduced to $X in 2022, with a decrease of -8.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption faced a deep reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Perfume Exports

Exports from Venezuela

In 2022, shipments abroad of perfumes and toilet waters was finally on the rise to reach X kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a deep contraction. The pace of growth was the most pronounced in 2013 when exports increased by 359% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, perfume exports expanded significantly to $X in 2022. In general, exports recorded a tangible increase. The most prominent rate of growth was recorded in 2019 with an increase of 499%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X kg) was the main destination for perfume exports from Venezuela, with a 64% share of total exports. Moreover, perfume exports to Poland exceeded the volume sent to the second major destination, Germany (X kg), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Poland amounted to +222.9%.

From 2012 to 2022, the average annual growth rate of value to Poland amounted to +208.2%.

Export Prices by Country

The average perfume export price stood at $X per ton in 2022, surging by 6.3% against the previous year. Overall, the export price enjoyed a strong increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 208%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Poland amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+33.8%), while the prices for the other major destinations experienced more modest paces of growth.

Perfume Imports

Imports into Venezuela

Perfume imports into Venezuela shrank slightly to X tons in 2022, therefore, remained relatively stable against 2021. Overall, imports showed a abrupt downturn. The growth pace was the most rapid in 2019 when imports increased by 138%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, perfume imports dropped to $X in 2022. In general, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2019 with an increase of 127% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of perfume to Venezuela, accounting for a 61% share of total imports. Moreover, perfume imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold. The third position in this ranking was taken by France (X tons), with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +23.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-15.3% per year) and France (+3.0% per year).

In value terms, the largest perfume suppliers to Venezuela were France ($X), China ($X) and the United States ($X), together accounting for 48% of total imports.

China, with a CAGR of +29.3%, recorded the highest growth rate of 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 perfume import price stood at $X per ton in 2022, shrinking by -11.8% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, perfume import price increased by +3.4% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 67% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+13.5%), 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 perfumes and toilet waters in the world?

India remains the largest perfume consuming country worldwide, comprising approx. 50% of total volume. Moreover, perfume consumption in India exceeded the figures recorded by the second-largest consumer, China, fourfold. The United States ranked third in terms of total consumption with an 8.7% share.

What are the largest producers of perfumes and toilet waters in the world?

India remains the largest perfume producing country worldwide, accounting for 52% of total volume. Moreover, perfume production in India exceeded the figures recorded by the second-largest producer, China, fourfold. The third position in this ranking was occupied by the United States, with a 7.5% share.

What are the leading suppliers of perfumes and toilet waters to Venezuela?

In value terms, the Netherlands constituted the largest supplier of perfume to Venezuela, comprising 57% of total imports. The second position in the ranking was occupied by Italy, with a 19% share of total imports. It was followed by Spain, with a 12% share.

What are the leading importers of perfumes and toilet waters from Venezuela?

In value terms, Luxembourg, Guyana and Turkey appeared to be the largest markets for perfume exported from Venezuela worldwide.

What is the average export price for perfumes and toilet waters in Venezuela?

The average perfume export price stood at $12 per unit in 2021, rising by 13% against the previous year.

What is the average import price for perfumes and toilet waters in Venezuela?

In 2021, the average perfume import price amounted to $30 per unit, increasing by 43% against the previous year.

This report provides an in-depth analysis of the perfume 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 20421150 - Perfumes
Prodcom 20421170 - Toilet waters

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