The value per capita of mixed odoriferous substances for industrial use in Mauritius experienced fluctuations over the past decade, ranging from a low of $4.37 in 2015 to a high of $5.53 in 2023. The market saw a decrease between 2014 to 2015 and considerable stability from 2017 to 2019 with slight dips in 2020. The year-on-year variation for 2022 to 2023 showed a modest 0.91% increase. At the end of 2023, the per capita value stood at $5.53. The compound annual growth rate (CAGR) for the last five years (2019-2023) was approximately 0.72%.
Future trends to watch include potential impacts of global supply chain changes, evolving environmental regulations, and technological advancements in the production of industrial fragrances which may influence market dynamics. Continued monitoring of international trade policies and local economic development will be vital in forecasting market health.
