The Mixted Odoriferous Substances for Industrial Use market in Sri Lanka reached a market size of 161.79 million USD in 2023. This marked a modest 2.18% year-on-year increase over 2022 and a compound annual growth rate (CAGR) of 2.18% over the past five years. The market has shown fluctuations, with significant drops in 2017 and 2020, but recovery signs were evident from 2021 onwards.
Future trends to watch for include:
- Increased demand driven by industrial growth and diversification.
- Potential impact of environmental regulations on market dynamics.
- Innovation and investment in sustainable and eco-friendly odoriferous substances.
| # | 44 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 5,055,500,000 | 2023 | +2.89% | +2.01% | View data |
| 2 | 2 United Kingdom | 4,265,800,000 | 2023 | +0.86% | -1.74% | View data |
| 3 | 3 Spain | 3,670,400,000 | 2023 | +0.57% | -0.064% | View data |
| 4 | 4 Indonesia | 3,098,600,000 | 2023 | +4.12% | +5.66% | View data |
| 5 | 5 Italy | 2,660,800,000 | 2023 | -1.25% | -1.42% | View data |
| 29 | 29 Finland | 213,230,000 | 2023 | +1.27% | +1.55% | View data |
| 30 | 30 Jordan | 200,930,000 | 2023 | +6.72% | +7.45% | View data |
| 31 | 31 Sri Lanka | 161,790,000 | 2023 | +2.18% | +2.18% | |
| 32 | 32 Costa Rica | 157,040,000 | 2023 | +1.56% | +1.62% | View data |
| 33 | 33 New Zealand | 154,900,000 | 2023 | +0.44% | +0.35% | View data |
