Odoriferous substances for non food industries market in Belgium

Earlier Report Observations

From 2018 to 2024, the Belgian market for odoriferous substances for non-food industries experienced substantial expansion in physical volume. Market size surged from 3,279 tons in 2019 to 11,965 tons in 2024, primarily driven by a more than fourfold increase in imports over the period. In value terms, the market peaked at $46.6 million in 2023 before a modest decline to $42.8 million in 2024.

The market growth to 6,116 tons in 2022 occurred under established regulatory frameworks. Stringent Belgian labeling rules, requiring hazardous substance labels in the three national languages since 2015, and the application of the REACH regulation in the Brussels-Capital region with specific controls on installations using volatile organic compounds, set rigorous standards for market access. These measures likely influenced supply chains and reinforced compliance requirements for both domestic and imported products.

A sharp market volume increase to 11,124 tons in 2023 and 11,965 tons in 2024 aligned with significant industry innovation and evolving demand. Major player Givaudan launched novel olfactory ingredients like Nympheal and botanical extracts catering to the growing consumer preference for natural and sustainable products. Simultaneously, Symrise's expansion of production capacity in China increased global supply. Further shaping the market environment, a new Belgian royal decree introduced stricter measures governing the sale and promotion of biocidal products, affecting odoriferous substances used in such applications.

Production odoriferous substances for non food industries in Belgium

In value, 2017-2020, K $ US

Annual dynamics of production in Belgium in value, 2017-2020, K $ US

In kind, 2017-2020, kg

Annual dynamics of production in Belgium in kind, 2017-2020, kg

Exports odoriferous substances for non food industries from Belgium

Exports in kind, t

In 2020, Belgium exported 383 tonnes of odoriferous substances for non-food industries, remaining relatively stable compared to the previous year. Over the period from 2017 to 2020, exports decreased by 35.3%, with a compound annual growth rate of 13.5%. The lowest export volume was recorded in 2019 at 383 tonnes, while the largest decline occurred in 2018, dropping by 31.4%.

Annual dynamics of product's exports from Belgium in kind, 2017-2020, t

From 2017 to 2020, Belgium's exports of odoriferous substances for non-food industries in kind were highly diversified across countries. The Netherlands accounted for 13.9% of exports, France for 10.5%, and Poland for 9.6%, together making up 34.0% of total flows. The remaining 66.0% was distributed among a wide range of smaller markets.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Belgium in kind, 2017-2020

Exports in value, K $ US

After a two-year decline, Belgium's exports of odoriferous substances for non-food industries in value terms increased in 2020, reaching 5 880 thousand US dollars, a 28.1% rise compared to the previous year. Over the 2017-2020 period, exports decreased by 16.4%, with a compound annual growth rate of 5.8%. The lowest value was recorded in 2019 at 4 588 thousand US dollars, with the largest decline of 33.0% also occurring that year.

Annual dynamics of product's exports from Belgium in value, 2017-2020, K $ US

Data from 2017 to 2020 show that Belgium's exports of odoriferous substances for non-food industries in value terms were not concentrated on a few key destinations. The Netherlands contributed 11.7% of exports, France 11.6%, and Poland 11.2%, jointly accounting for 34.5% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Belgium in value, 2017-2020

Imports odoriferous substances for non food industries to Belgium

Imports in kind, t

Belgium's imports of odoriferous substances for non-food industries in kind increased for the second consecutive year in 2020, totaling 3 860 tonnes, a 6.1% increase compared to 2019. Over the 2017-2020 period, imports grew by 11.2%, with a compound annual growth rate of 3.6%. The lowest import volume was recorded in 2018 at 2 921 tonnes, with the largest decline of 15.9% also in 2018, while the largest increase of 24.5% occurred in 2019.

Annual dynamics of product's imports to Belgium in kind, 2017-2020, t

From 2017 to 2020, France, Germany, and the Netherlands were the key partners for Belgium's imports of odoriferous substances for non-food industries in kind. France accounted for 31.4% of imports, Germany for 23.4%, and the Netherlands for 22.7%, together representing 77.4% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Belgium in kind, 2017-2020

Imports in value, K $ US

Belgium's imports of odoriferous substances for non-food industries in value terms increased for the third consecutive year in 2020, reaching 55 634 thousand US dollars, a substantial 15.7% rise compared to 2019. Between 2017 and 2020, imports grew by 30.1%, equating to an annualized rate of 9.2%.

Annual dynamics of product's imports to Belgium in value, 2017-2020, K $ US

Over the 2017-2020 period, France, Germany, and the Netherlands made the biggest contributions to Belgium's imports of odoriferous substances for non-food industries in value terms. France accounted for 33.6% of imports, Germany for 20.3%, and the Netherlands for 19.6%, jointly representing 73.5% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Belgium in value, 2017-2020