The Mixted Odoriferous Substances for Industrial Use market in Sri Lanka has experienced fluctuations in per capita value from 2013 to 2023, closing at $7.35 per capita in 2023. After peaking in 2016 at $7.76, there was a downturn until 2020, when it hit a low of $5.75. A recovery phase began post-2020, with a notable upward trend, culminating in a 1.9% year-on-year increase between 2022 and 2023. Observing a continuous recovery, the market has grown at a CAGR of approximately 2.6% over the last five years.
Future trends to consider include technology advancements in fragrance manufacturing and an emphasis on sustainable and eco-friendly products, which could drive further market growth. Additionally, economic factors such as local industrial demand and global trade policies may influence market directions.
| # | 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 | ||
| 36 | 36 Indonesia | 9.89 | 2023 | View data | ||
| 37 | 37 Slovakia | 7.65 | 2023 | View data | ||
| 38 | 38 Sri Lanka | 7.35 | 2023 | |||
| 39 | 39 Tunisia | 7.16 | 2023 | View data | ||
| 40 | 40 Bolivia | 6.11 | 2023 | View data | ||
