MENA: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in MENA

In 2022, the MENA's odoriferous substance mixture market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2021, and then contracted in the following year.

Odoriferous Substance Mixture Production in MENA

In value terms, odoriferous substance mixture production declined to $X in 2022 estimated in export price. In general, production recorded a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Odoriferous Substance Mixture Exports

Exports in MENA

Odoriferous substance mixture exports skyrocketed to X tons in 2022, growing by X% compared with the previous year's figure. Over the period under review, exports recorded a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, odoriferous substance mixture exports skyrocketed to $X in 2022. In general, exports saw a resilient increase. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

Egypt represented the main exporter of mixtures of odoriferous substances and their preparations in MENA, with the volume of exports reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Turkey (X tons) and the United Arab Emirates (X tons), together mixing up a X% share of total exports.

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

In value terms, the largest odoriferous substance mixture supplying countries in MENA were Egypt ($X), Turkey ($X) and the United Arab Emirates ($X), with a combined X% share of total exports.

Among the main exporting countries, the United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, which is down by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Egypt ($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 (X%), while the other leaders experienced mixed trends in the export price figures.

Odoriferous Substance Mixture Imports

Imports in MENA

In 2022, purchases abroad of mixtures of odoriferous substances and their preparations decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then declined slightly in the following year.

In value terms, odoriferous substance mixture imports dropped to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

Turkey (X tons) and Algeria (X tons) represented roughly X% of total imports in 2022. The United Arab Emirates (X tons) ranks next in terms of the total imports with an X% share, followed by Iran (X%), Iraq (X%), Saudi Arabia (X%) and Israel (X%). The following importers - Morocco (X tons), Egypt (X tons), Yemen (X tons), Syrian Arab Republic (X tons), Jordan (X tons) and Libya (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Iraq (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Algeria ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Iran, Saudi Arabia, Israel, Libya, Iraq, Egypt, Morocco, Jordan, Syrian Arab Republic and Yemen lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Libya, with a CAGR of X%, recorded the highest growth rate of 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 2022, the import price in MENA amounted to $X per ton, approximately mirroring the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Libya ($X per ton), while Yemen ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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