Sri Lanka: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Sri Lanka

In 2022, after two years of growth, there was significant decline in the Sri Lankan odoriferous substance mixture market, when its value decreased by X% to $X. Over the period under review, consumption, however, recorded a prominent increase. Odoriferous substance mixture consumption peaked at $X in 2021, and then shrank remarkably in the following year.

Odoriferous Substance Mixture Exports

Exports from Sri Lanka

In 2022, the amount of mixtures of odoriferous substances and their preparations exported from Sri Lanka soared to X tons, rising by X% compared with 2021. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, odoriferous substance mixture exports surged to $X in 2022. In general, exports posted a significant increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Bangladesh (X tons), Azerbaijan (X tons) and China (X tons) were the main destinations of odoriferous substance mixture exports from Sri Lanka, with a combined X% share of total exports. India, Canada, Maldives and Russia lagged somewhat behind, together comprising a further X%.

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

In value terms, China ($X), Azerbaijan ($X) and Bangladesh ($X) appeared to be the largest markets for odoriferous substance mixture exported from Sri Lanka worldwide, together accounting for X% of total exports. India, Russia, Canada and Maldives lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, India, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average odoriferous substance mixture export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price showed a prominent increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

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

Odoriferous Substance Mixture Imports

Imports into Sri Lanka

In 2022, after two years of growth, there was significant decline in overseas purchases of mixtures of odoriferous substances and their preparations, when their volume decreased by X% to X tons. In general, imports, however, saw a resilient increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, odoriferous substance mixture imports contracted remarkably to $X in 2022. Over the period under review, imports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2018 with an increase of X%. Imports peaked at $X in 2021, and then reduced markedly in the following year.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of odoriferous substance mixture to Sri Lanka, accounting for a X% share of total imports. Moreover, odoriferous substance mixture imports from India exceeded the figures recorded by the second-largest supplier, Singapore (X tons), fivefold. The third position in this ranking was taken by Spain (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Spain (X% per year).

In value terms, the largest odoriferous substance mixture suppliers to Sri Lanka were India ($X), Singapore ($X) and the UK ($X), with a combined X% share of total imports. France, Hungary, the United States, Spain, Malaysia, Germany, China and Egypt lagged somewhat behind, together accounting for a further X%.

Hungary, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 odoriferous substance mixture import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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