From 2013 to 2023, the market size value per capita of mixed odoriferous substances for industrial use in Portugal has exhibited fluctuations. The value peaked in 2018 at a significant increase compared to previous years but showed a downward trend post-2019 stabilizing around the mid-$25 range from 2020 onwards. Year-on-year variation from 2022 to 2023 was negligible. However, over the past five years, the compound annual growth rate (CAGR) indicates a minor decline, reflecting the overall stabilization in market value.
Future trends to watch for include potential impacts of changing regulations in the fragrance industry, technological advancements, and shifts in consumer preferences towards sustainable and natural products, which may influence demand and market dynamics.
| # | 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 | ||
| 18 | 18 New Zealand | 29.15 | 2023 | View data | ||
| 19 | 19 Croatia | 26.68 | 2023 | View data | ||
| 20 | 20 Portugal | 25.81 | 2023 | |||
| 21 | 21 Thailand | 21.74 | 2023 | View data | ||
| 22 | 22 Colombia | 21.52 | 2023 | View data | ||
