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Pricing

Odoriferous substances and mixtures (including alcoholic solutions) with a basis of one or more of these substances, of a kind used as raw materials in industry; other preparations based on odoriferous substances, of a kind used for beverage manufacture

3302 (Harmonized System 1992 for 4-digit)

2023
World Trade $30.2BRnk 146 / 1217
2023
Top Exporter | Top Importer $10.1B | $4BIreland | United States
2023
Product Complexity 0.21Rnk 485 / 1044
2022 - 2023
Export Growth (CAGR) 1.87%Rnk 344 / 1217
2023
Share of World Trade 0.13%Rnk 146 / 1217

About

Overview This page contains the latest trade data of Scented Mixtures. In 2023, Scented Mixtures were the world's 146th most traded product, with a total trade of $30.2B. Between 2022 and 2023 the exports of Scented Mixtures grew by 1.87%, from $29.6B to $30.2B. Trade in Scented Mixtures represent 0.13% of total world trade.

Scented Mixtures are a part of Perfumery & cosmetics. They include Mixed Odoriferous Substances for Food & Beverage Industry and Mixed odoriferous substances - industrial use nes.

Exports In 2023 the top exporters of Scented Mixtures  were Ireland ($10.1B), France ($2.62B), United States ($2.59B), Germany ($2.43B), and Singapore ($2.09B).

Imports In 2023 the top importers of Scented Mixtures were United States ($4B), France ($2.05B), Mexico ($1.83B), United Kingdom ($1.25B), and Germany ($1.17B).

Ranking Scented Mixtures ranks 485th in the Product Complexity Index (PCI).

Description Mixtures of odoriferous substances and mixtures, incl. alcoholic solutions, based on one or more of these substances, of a kind used as raw materials in industry; other preparations based on odoriferous substances, of a kind used for the manufacture of beverages are used in the food and beverage industry.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Scented Mixtures. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Ireland$10.1B
Top Destination (2023)United States$4B

In 2023 Scented Mixtures were the world's 146th most traded product (out of 1,217).

In 2023, the top exporters of Scented Mixtures were Ireland ($10.1B), France ($2.62B), United States ($2.59B), Germany ($2.43B), and Singapore ($2.09B).

In 2023, the top importers of Scented Mixtures were United States ($4B), France ($2.05B), Mexico ($1.83B), United Kingdom ($1.25B), and Germany ($1.17B).

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Exporters of Scented Mixtures (2023)
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Importers of Scented Mixtures (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)France$354M
Top Destination Growth (2022 -  2023)Belgium$166M

Between 2022 and 2023, the exports of Scented Mixtures grew the fastest in France ($354M), Switzerland ($92.8M), Uruguay ($77.9M), Germany ($72.3M), and Spain ($67.8M).

Between 2022 and 2023, the fastest growing importers of Scented Mixtures were Belgium ($166M), France ($140M), Italy ($119M), United Kingdom ($114M), and Greece ($99.9M).

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Exporters of Scented Mixtures (2022 - 2023)

Importers of Scented Mixtures (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Scented Mixtures.

In 2023, market concentration measured using Shannon Entropy, was 3.84. This means that most of the exports of Scented Mixtures are explained by 14 countries.

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Value of Exports in Scented Mixtures

Net Trade

TOP NET EXPORTER (2023)Ireland$9.74B
TOP NET IMPORTER (2023)Mexico$1.56B

This map shows which countries export or import more of Scented Mixtures. Each country is colored based on the difference in exports and imports of Scented Mixtures during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Scented Mixtures were Ireland ($9.74B), Singapore ($1.92B), Switzerland ($1.29B), Germany ($1.25B), and Netherlands ($616M).

In 2023, the countries that had a largest trade value in imports than in exports of Scented Mixtures were Mexico ($1.56B), United States ($1.41B), Canada ($664M), Italy ($639M), and Vietnam ($598M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Scented Mixtures, disaggragated by their HS6 level were Mixed Odoriferous Substances for Food &... ($20.6B) and Mixed odoriferous substances - industrial use... ($9.6B)

HS6 Disaggregation for Scented Mixtures (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Scented Mixtures.
It is possible to select the main countries that export or import Scented Mixtures in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Scented Mixtures by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $32.6M
TOP IMPORT POTENTIALUnited Kingdom+ $10.5M

Scented Mixtures’s highest export potential is China. With an export gap of $32.6M.  Scented Mixtures’s highest import potential is United Kingdom with an import gap of $10.5M.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Scented Mixtures.

Country by Relatedness

The following visualization shows the relatedness of Scented Mixtures to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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