Portugal: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Portugal

The Portuguese odoriferous substance mixture market rose slightly to $X in 2023, picking up by X% against the previous year. Overall, the total consumption indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Over the period under review, the market reached the maximum level in 2023 and is likely to see steady growth in years to come.

Odoriferous Substance Mixture Production in Portugal

In value terms, odoriferous substance mixture production dropped notably to $X in 2023 estimated in export price. Over the period under review, production, however, saw a significant increase. The pace of growth was the most pronounced in 2022 when the production volume increased by X%. As a result, production attained the peak level of $X, and then fell notably in the following year.

Odoriferous Substance Mixture Exports

Exports from Portugal

For the third year in a row, Portugal recorded growth in overseas shipments of mixtures of odoriferous substances and their preparations, which increased by X% to X tons in 2023. In general, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the near future.

In value terms, odoriferous substance mixture exports soared to $X in 2023. Over the period under review, exports showed a resilient expansion. The pace of growth was the most pronounced in 2022 when exports increased by X%. The exports peaked in 2023 and are expected to retain growth in the near future.

Exports by Country

Spain (X tons), Algeria (X tons) and Germany (X tons) were the main destinations of odoriferous substance mixture exports from Portugal, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Algeria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Angola ($X) remains the key foreign market for mixtures of odoriferous substances and their preparations exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports. It was followed by Algeria, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Angola stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Algeria (X% per year).

Export Prices by Country

The average odoriferous substance mixture export price stood at $X per ton in 2023, falling by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (X%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into Portugal

Odoriferous substance mixture imports into Portugal stood at X tons in 2023, almost unchanged from the previous year. Over the period under review, total imports indicated a strong increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports remained at a lower figure.

In value terms, odoriferous substance mixture imports skyrocketed to $X in 2023. Overall, total imports indicated a remarkable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked in 2023 and are likely to see steady growth in years to come.

Imports by Country

In 2023, Spain (X tons) constituted the largest odoriferous substance mixture supplier to Portugal, accounting for a X% share of total imports. Moreover, odoriferous substance mixture imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and the Netherlands (X% per year).

In value terms, Ireland ($X), Spain ($X) and France ($X) appeared to be the largest odoriferous substance mixture suppliers to Portugal, together accounting for X% of total imports.

Among the main suppliers, France, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average odoriferous substance mixture import price amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform