The Mixted Odoriferous Substances for Industrial Use market in Costa Rica showed a growth path until 2016, witnessing a minor fluctuation in 2017 before slightly recovering. The lowest recorded value per capita in the last decade was in 2020, likely due to disruptions caused by the pandemic. From 2021 to 2023, the market recovered, achieving $30.85 per capita in 2023. Notably, the year-on-year growth from 2022 to 2023 was approximately 1.18%. The CAGR over the past five years stands at an estimated 0.44%, reflecting a steady increase but with some variability due to economic factors.
Future trends to watch for include:
- Potential market stabilization as economic conditions improve post-pandemic.
- An increase in innovative applications of odoriferous substances driving demand.
- Environmental regulations impacting industrial usage patterns.
| # | 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 | ||
| 15 | 15 Israel | 34.54 | 2023 | View data | ||
| 16 | 16 Australia | 33.37 | 2023 | View data | ||
| 17 | 17 Costa Rica | 30.85 | 2023 | |||
| 18 | 18 New Zealand | 29.15 | 2023 | View data | ||
| 19 | 19 Croatia | 26.68 | 2023 | View data | ||
