France leads the European perfume market with a sold production value of 161.07 million euros in 2024. Germany and the United Kingdom follow with 95.703 and 89.007 million euros, respectively. Italy also shows significant contributions at 74.033 million euros. Smaller markets such as Greece, Serbia, Bulgaria, Spain, the Netherlands, Lithuania, Croatia, and Denmark collectively account for less than one-tenth of France's production value.
The 2023 year-on-year variations highlight notable trends: Germany experienced an 8.68% increase, while France saw a moderate rise of 3.67%. Conversely, the United Kingdom and Spain showed declines of 3.99% and 4.08%, respectively. Serbia and Croatia demonstrated significant growth rates of 21.85% and 7.93%, indicating emerging markets.
Future trends to watch include the further development of smaller markets such as Serbia and Bulgaria, which might see accelerated growth. France and Germany are expected to maintain their leadership roles, with consistent demand and innovation in the perfume sector. Moreover, economic conditions, evolving consumer preferences, and regulatory changes could impact production values across these countries.
Top countries in Sold Production of Perfumes by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 161,070,000 | 2023 | +12.54% | +3.67% | View data |
| 2 | 2 Germany | 95,703,000 | 2023 | +3.07% | +8.68% | View data |
| 3 | 3 United Kingdom | 89,007,000 | 2023 | -0.34% | -3.99% | View data |
| 4 | 4 Italy | 74,033,000 | 2023 | +0.62% | +1.35% | View data |
| 5 | 5 Greece | 16,083,000 | 2023 | +2.18% | +3.79% | View data |
| 6 | 6 Serbia | 5,729,200 | 2023 | +7.08% | +21.85% | View data |
| 7 | 7 Bulgaria | 4,630,700 | 2023 | +4.69% | +7.86% | View data |
| 8 | 8 Spain | 1,818,400 | 2023 | +22.33% | -4.08% | View data |
| 9 | 9 Netherlands | 1,818,000 | 2021 | -15.4% | -1.92% | View data |
| 10 | 10 Lithuania | 567,510 | 2023 | +5.96% | +2.86% | View data |
