In 2023, France dominated the European sold production of perfumes and toilet waters with a significant share of 78.79%. Spain and Germany followed distantly with shares of 18.06% and 7.81% respectively. Other notable contributors included Italy (5.28%) and Poland (4.86%), while the United Kingdom's share decreased by 5.04% year-over-year to 2.19%. Smaller shares were observed for Greece (1.02%), Bulgaria (0.23%), and Serbia (0.14%), with Serbia experiencing a substantial year-over-year increase of 21.85%. Hungary saw the most considerable growth rate at 57.38%, albeit still holding a minor share. Denmark and Portugal maintained steady shares with no observed growth. Over the past five years, these countries have shown varying trends with concentrated growth in emerging markets like Hungary and Serbia.
Future trends suggest continued dominance by France, but there is a growing interest in Eastern European markets. Countries like Serbia, Hungary, and Finland, despite their smaller shares, are forecasted to exhibit significant growth potential. Market dynamics in traditionally strong markets such as Germany, Spain, and Italy will likely remain stable, while the UK may face challenges in regaining lost market share. Monitoring these shifts will provide valuable insights into emerging opportunities and market strategies.
Top countries in Sold Production of Perfumes and Toilet Waters Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 78.79 | 2023 | +6.58% | +0.5% | View data |
| 2 | 2 Spain | 18.06 | 2023 | +7.64% | +2.37% | View data |
| 3 | 3 Germany | 7.81 | 2023 | +7.31% | +2.86% | View data |
| 4 | 4 Italy | 5.28 | 2023 | +8.45% | +3.55% | View data |
| 5 | 5 Poland | 4.86 | 2023 | +1.61% | +1.01% | View data |
| 6 | 6 United Kingdom | 2.19 | 2023 | -3.1% | -5.04% | View data |
| 7 | 7 Greece | 1.02 | 2023 | +1.83% | +4% | View data |
| 8 | 8 Bulgaria | 0.23 | 2023 | +4.38% | +5.17% | View data |
| 9 | 9 Serbia | 0.14 | 2023 | +7.08% | +21.85% | View data |
| 10 | 10 Ireland | 0.11 | 2023 | +37.56% | +4.8% | View data |
