Global Perfume Market 2024

Perfume Market Size

In 2022, after two years of decline, there was growth in the global perfume market, when its value increased by 2.4% to $X. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market attained the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Perfume Production

In value terms, perfume production expanded remarkably to $X in 2022 estimated in export price. Overall, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the production volume increased by 19% against the previous year. Global production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Perfume Exports

Exports

Global perfume exports expanded remarkably to X tons in 2022, picking up by 10% compared with the previous year's figure. The total export volume increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 16%. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, perfume exports stood at $X in 2022. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 29% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, France (X tons), distantly followed by Spain (X tons), the United States (X tons), Italy (X tons), India (X tons), Germany (X tons), China (X tons) and Poland (X tons) were the major exporters of perfumes and toilet waters, together committing 68% of total exports. The United Arab Emirates (X tons), Singapore (X tons), the UK (X tons), the Netherlands (X tons) and Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +10.2%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, France ($X) remains the largest perfume supplier worldwide, comprising 30% of global exports. The second position in the ranking was held by Spain ($X), with an 11% share of global exports. It was followed by Germany, with a 9.2% share.

In France, perfume exports increased at an average annual rate of +3.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (+7.4% per year) and Germany (-1.1% per year).

Export Prices by Country

The average perfume export price stood at $X per ton in 2022, falling by -2.5% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 11% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while India ($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 United Arab Emirates (+6.4%), while the other global leaders experienced more modest paces of growth.

Perfume Imports

Imports

Global perfume imports expanded to X tons in 2022, increasing by 3.7% against the year before. The total import volume increased at an average annual rate of +2.2% 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 2021 when imports increased by 16%. Global imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, perfume imports rose significantly to $X in 2022. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 28%. Over the period under review, global imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, the United States (X tons), distantly followed by the United Arab Emirates (X tons), the UK (X tons) and the Netherlands (X tons) were the main importers of perfumes and toilet waters, together mixing up 31% of total imports. Spain (X tons), Germany (X tons), Italy (X tons), Canada (X tons), Saudi Arabia (X tons), France (X tons), Russia (X tons), the Czech Republic (X tons) and Chile (X tons) took a minor share of total imports.

Imports into the United States increased at an average annual rate of +6.1% from 2012 to 2022. At the same time, the Czech Republic (+11.9%), Chile (+10.5%), Canada (+8.6%), the Netherlands (+7.8%), Spain (+7.5%), Italy (+7.5%), France (+6.0%) and the United Arab Emirates (+3.1%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in the world, with a CAGR of +11.9% from 2012-2022. The UK experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-1.7%), Russia (-3.6%) and Germany (-4.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States, the Netherlands, Spain, Italy and Canada increased by +5.2, +1.9, +1.8, +1.7 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported perfumes and toilet waters worldwide, comprising 15% of global imports. The second position in the ranking was held by Germany ($X), with a 7% share of global imports. It was followed by the Netherlands, with a 6% share.

In the United States, perfume imports expanded at an average annual rate of +6.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+0.1% per year) and the Netherlands (+8.9% per year).

Import Prices by Country

In 2022, the average perfume import price amounted to $X per ton, picking up by 3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 11%. Global import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Canada ($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 (+5.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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