Ionones And Methylionones Market

The article analyzes the global market for ionones and methylionones, forecasting an upward consumption trend with an anticipated CAGR of +2.3% in volume and +4.5% in value from 2022 to 2030. Key consuming countries include Switzerland, the US, and Germany, while top producing countries are Switzerland, Germany, and China. Import and export data reveal Germany, Switzerland, and China as the largest exporters, with the Netherlands showing significant growth. Prices also varied among countries, with France having the highest export price.

Market Forecast

Driven by increasing demand for ionones and methylionones worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.3% for the period from 2022 to 2030, which is projected to bring the market volume to 17K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.5% for the period from 2022 to 2030, which is projected to bring the market value to $254M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Ionones And Methylionones

In 2022, approx. 14K tons of ionones and methylionones were consumed worldwide; surging by 13% on the previous year's figure. The total consumption volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak volume and is likely to continue growth in the immediate term.

The global ionones and methylionones market revenue expanded notably to $178M in 2022, with an increase of 14% 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). The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $188M. From 2019 to 2022, the growth of the global market failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Switzerland (4.3K tons), the United States (2.6K tons) and Germany (1.5K tons), together comprising 59% of global consumption. Singapore, India, China, Brazil, Spain, Mexico, Indonesia, the Netherlands, France and Japan lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Spain (with a CAGR of +20.8%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest ionones and methylionones markets worldwide were Switzerland ($48M), the United States ($28M) and Germany ($21M), together comprising 55% of the global market. India, Singapore, Brazil, France, Mexico, Spain, the Netherlands, China, Indonesia and Japan lagged somewhat behind, together comprising a further 36%.

Spain, with a CAGR of +22.0%, recorded the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of ionones and methylionones per capita consumption was registered in Switzerland (486 kg per 1000 persons), followed by Singapore (177 kg per 1000 persons), Germany (19 kg per 1000 persons) and the Netherlands (18 kg per 1000 persons), while the world average per capita consumption of ionones and methylionones was estimated at 1.8 kg per 1000 persons.

From 2012 to 2022, the average annual rate of growth in terms of the ionones and methylionones per capita consumption in Switzerland amounted to +1.1%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Singapore (+1.5% per year) and Germany (-4.8% per year).

Production

World Production of Ionones And Methylionones

In 2022, the amount of ionones and methylionones produced worldwide stood at 14K tons, increasing by 8% on the previous year's figure. The total output volume increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 15%. As a result, production attained the peak volume of 15K tons. From 2017 to 2022, global production growth failed to regain momentum.

In value terms, ionones and methylionones production shrank to $128M in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 24% against the previous year. Global production peaked at $138M in 2019; however, from 2020 to 2022, production failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were Switzerland (6.6K tons), Germany (6.3K tons) and China (931 tons), together comprising 97% of global production. Hong Kong SAR lagged somewhat behind, accounting for a further 1.6%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +89.6%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Ionones And Methylionones

In 2022, supplies from abroad of ionones and methylionones decreased by -0.8% to 14K tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 15%. As a result, imports reached the peak of 15K tons, leveling off in the following year.

In value terms, ionones and methylionones imports stood at $175M in 2022. The total import value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 17%. As a result, imports reached the peak of $209M. From 2019 to 2022, the growth of global imports remained at a somewhat lower figure.

Imports By Country

The United States (2.7K tons) and China (2.2K tons) were the largest importers of ionones and methylionones in 2022, finishing at near 19% and 15% of total imports, respectively. Switzerland (1.4K tons) took a 10% share (based on physical terms) of total imports, which put it in second place, followed by India (9.4%), the Netherlands (8.4%), Singapore (7.8%) and Spain (6.4%). The following importers - Germany (594 tons), France (558 tons), Brazil (395 tons), Mexico (373 tons), Indonesia (355 tons) and the UK (234 tons) - together made up 17% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +87.4%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest ionones and methylionones importing markets worldwide were the United States ($29M), China ($24M) and India ($16M), together comprising 39% of global imports. The Netherlands, Switzerland, France, Singapore, Spain, Germany, Brazil, Mexico, Indonesia and the UK lagged somewhat behind, together comprising a further 54%.

The Netherlands, with a CAGR of +76.2%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average ionones and methylionones import price stood at $12,135 per ton in 2022, approximately reflecting the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 30% against the previous year. As a result, import price attained the peak level of $18,355 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($24,140 per ton), while Switzerland ($9,868 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Ionones And Methylionones

After two years of growth, shipments abroad of ionones and methylionones decreased by -4.8% to 14K tons in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 16%. The global exports peaked at 15K tons in 2021, and then shrank slightly in the following year.

In value terms, ionones and methylionones exports shrank modestly to $162M in 2022. The total export value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 11% against the previous year. As a result, the exports reached the peak of $174M. From 2019 to 2022, the growth of the global exports remained at a lower figure.

Exports By Country

In 2022, Germany (5.4K tons), Switzerland (3.8K tons) and China (2.7K tons) represented the largest exporter of ionones and methylionones in the world, comprising 82% of total export. It was distantly followed by the Netherlands (898 tons), creating a 6.2% share of total exports. Spain (609 tons), India (344 tons) and France (303 tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Netherlands (with a CAGR of +70.8%), while the other global leaders experienced more modest paces of growth.

In value terms, Switzerland ($47M), Germany ($46M) and China ($31M) were the countries with the highest levels of exports in 2022, together comprising 76% of global exports. Spain, the Netherlands, France and India lagged somewhat behind, together accounting for a further 18%.

The Netherlands, with a CAGR of +34.9%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average ionones and methylionones export price amounted to $11,231 per ton, increasing by 1.8% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 32%. As a result, the export price reached the peak level of $13,814 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($17,694 per ton), while Germany ($8,597 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform