Between 2013 and 2023, Peru's mixed odoriferous substances market experienced fluctuation, peaking at $5.82 in 2016 before declining to $4.33 in 2020, likely influenced by the COVID-19 pandemic. Post-2020, the market showed some recovery, closing 2023 at $5.16 per capita. Year-on-year analysis of the last two years shows minor variation: -0.39% from 2022 to 2023. The compound annual growth rate (CAGR) over the last five years is around -0.25%, indicating a slight downturn.
Future trends to watch include the market's adaptation to sustainable practices, the potential impact of regulatory changes, and evolving industrial demand which may drive innovation and growth within Peru's mixed odoriferous substances sector.
