The global export landscape for plants used in perfumery or pharmacy is dominated by China, holding over 29% of the market share, followed by India with approximately 12%. These two countries show positive year-on-year growth, with China increasing by 2.92% and India by 3.7%. European countries like Germany, Poland, and Spain also contribute significantly with notable growth from Spain at 4.61%. Meanwhile, some declines are observed in Canada's and South Korea's exports.
Looking ahead:
- Emerging markets may gain traction, driven by biodiversity and increased demand for natural products.
- Sustainability practices will likely influence growth and demand patterns globally, reshaping trade dynamics.
Top countries in Export of Plants Used for Perfumery or Pharmacy Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 29.85 | 2023 | +1.31% | +2.92% | View data |
| 2 | 2 India | 11.59 | 2023 | +3.46% | +3.7% | View data |
| 3 | 3 Germany | 6.71 | 2023 | +2.56% | +2.32% | View data |
| 4 | 4 United States | 6.38 | 2023 | +2.2% | +1.97% | View data |
| 5 | 5 Egypt | 4.05 | 2023 | +2.26% | +3.12% | View data |
| 6 | 6 Canada | 3.97 | 2023 | -0.85% | -0.87% | View data |
| 7 | 7 Spain | 3.43 | 2023 | +3.82% | +4.61% | View data |
| 8 | 8 Poland | 3.04 | 2023 | +2.95% | +2.86% | View data |
| 9 | 9 Mexico | 2.7 | 2023 | +3.08% | +2.9% | View data |
| 10 | 10 South Korea | 2.52 | 2023 | +0.043% | -1.14% | View data |
