MENA: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in MENA

The MENA's odoriferous substance mixture market rose modestly to $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption posted a resilient increase. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Odoriferous Substance Mixture Production in MENA

In value terms, odoriferous substance mixture production stood at $X in 2023 estimated in export price. In general, production posted prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Odoriferous Substance Mixture Exports

Exports in MENA

In 2023, approx. X tons of mixtures of odoriferous substances and their preparations were exported in MENA; increasing by X% against the year before. Over the period under review, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in the near future.

In value terms, odoriferous substance mixture exports skyrocketed to $X in 2023. Overall, exports recorded a resilient expansion. 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 reached the peak figure in 2023 and are expected to retain growth in the near future.

Exports by Country

Egypt (X tons) and Turkey (X tons) represented roughly X% of total exports in 2023. It was distantly followed by the United Arab Emirates (X tons), constituting a X% share of total exports. The following exporters - Israel (X tons) and Yemen (X tons) - each reached a X% share of total exports.

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

In value terms, Egypt ($X), Turkey ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports. Israel and Yemen lagged somewhat behind, together comprising a further X%.

Yemen, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in MENA amounted to $X per ton, growing 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 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Yemen ($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 United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports in MENA

In 2023, after two years of decline, there was significant growth in overseas purchases of mixtures of odoriferous substances and their preparations, when their volume increased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, odoriferous substance mixture imports rose slightly to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the near future.

Imports by Country

In 2023, Turkey (X tons), distantly followed by the United Arab Emirates (X tons), Algeria (X tons), Iran (X tons), Libya (X tons), Iraq (X tons), Egypt (X tons), Israel (X tons) and Morocco (X tons) were the largest importers of mixtures of odoriferous substances and their preparations, together mixing up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading 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) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. Egypt, Israel, Iran, Iraq, Libya and Morocco lagged somewhat behind, together accounting for a further X%.

Iraq, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in MENA amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then contracted modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Algeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform