In 2023, China led the global exports of plants used for perfumery or pharmacy, valued at $1.01 billion USD, followed by India at $0.259 billion USD. China reported a notable year-on-year growth of 14%, while India saw a 9% increase. Canada and the United States demonstrated moderate growths, each with around a 6% increment. Germany and Hong Kong revealed steady increases at 5% and 4% respectively. Over the past five years, China had a remarkable CAGR of 12%, indicating strong and consistent export growth, driven by increasing global demand for natural ingredients.
- Future trends to watch include:
- Increasing global focus on sustainability and organic products, likely boosting demand for natural ingredients.
- Technological advancements in agricultural practices enhancing yield and quality.
- Trade policies impacting international competitiveness and market dynamics.
Top countries in Top Exporters of Plants Used for Perfumery or Pharmacy
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 China | 1,010 | 2016 | |
| 2 | 2 India | 259.37 | 2016 | |
| 3 | 3 Canada | 192.87 | 2016 | |
| 4 | 4 United States | 155.48 | 2016 | |
| 5 | 5 Germany | 151.62 | 2016 | |
| 6 | 6 Hong Kong | 130.17 | 2016 | |
| 7 | 7 Egypt | 119.19 | 2016 | |
| 8 | 8 Spain | 81.73 | 2016 | |
| 9 | 9 Mexico | 61.29 | 2016 | |
| 10 | 10 Singapore | 57.2 | 2016 |
