The Mixted Odoriferous Substances for Industrial Use Market in Indonesia has experienced varied growth patterns from 2012 to 2022. Initially, the market displayed strong growth, with the highest year-on-year increase of 21.6% observed in 2016. This growth, however, has been inconsistent, with a negative year-on-year variation witnessed in 2017 and 2021. Despite this volatility, the market managed an average annual growth (CAGR) of 1.6% over the last five years.
Recent data from 2023 shows the market continuing to adapt and potentially stabilizing as industries recover from previous market disturbances.
Future trends to watch for include:
- Innovations in industrial applications of odoriferous substances.
- Shifts in regulatory frameworks impacting market dynamics.
- Increased focus on sustainable and eco-friendly odoriferous compounds.
- Expansion of industrial activities demanding higher usage of these substances.
| # | 44 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 5,055,500,000 | 2023 | +2.89% | +2.01% | View data |
| 2 | 2 United Kingdom | 4,265,800,000 | 2023 | +0.86% | -1.74% | View data |
| 3 | 3 Spain | 3,670,400,000 | 2023 | +0.57% | -0.064% | View data |
| 4 | 4 Indonesia | 3,098,600,000 | 2023 | +4.12% | +5.66% | |
| 5 | 5 Italy | 2,660,800,000 | 2023 | -1.25% | -1.42% | View data |
| 6 | 6 Canada | 2,237,600,000 | 2023 | +2.39% | +2.53% | View data |
