The Mixed Odoriferous Substances for Industrial Use Market in Colombia saw a per capita value of $21.52 in 2023. Over the past decade, the market peaked in 2015 at $27.88 and reached a low in 2020 at $18.39. From 2022 to 2023, the market grew by approximately 3.16%. The compound annual growth rate (CAGR) over the last five years, from 2018 to 2023, was roughly 0.5%. This indicates a broadly flat trend over the period, with some recovery post-2020.
Looking forward, key trends to watch include innovations in scent technology, the rise in demand for natural and sustainable scents, and potential regulatory changes affecting ingredient use. These factors could notably impact market dynamics in the coming years.
| # | 44 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 84.24 | 2023 | View data | ||
| 2 | 2 Spain | 75.43 | 2023 | View data | ||
| 3 | 3 Germany | 60.69 | 2023 | View data | ||
| 4 | 4 United Kingdom | 60.64 | 2023 | View data | ||
| 5 | 5 Canada | 58.31 | 2023 | View data | ||
| 20 | 20 Portugal | 25.81 | 2023 | View data | ||
| 21 | 21 Thailand | 21.74 | 2023 | View data | ||
| 22 | 22 Colombia | 21.52 | 2023 | |||
| 23 | 23 Chile | 21.42 | 2023 | View data | ||
| 24 | 24 Jordan | 19.4 | 2023 | View data | ||
