Odoriferous substances for non food industries market in Denmark

Earlier Report Observations

The market for odoriferous substances used in non-food industries in Denmark exhibited high volatility from 2018 to 2024. Volume surged by 63% from 621 tons in 2018 to 1 013 tons in 2019, followed by a sharp 56% contraction to 442 tons in 2020.

A recovery began in 2021 with volume rising 53% to 678 tons. After a 21% drop to 534 tons in 2022, the market grew again, reaching 697 tons in 2023 and 782 tons in 2024. Over the full period, market volume increased by 26%, reflecting significant year-to-year fluctuations.

Production odoriferous substances for non food industries in Denmark

In value, 2018-2021, K $ US

In Denmark, the production value of odoriferous substances for non-food industries reached 616.0 K $ US in 2021, marking a 3.6% decrease compared to the previous year. Over the period from 2018 to 2021, production declined by 11.6%, with an average annual growth rate of -4.0%. The lowest value was recorded in 2019 at 588.5 K $ US. The most significant drop occurred in 2019, with a 15.5% decrease, while the largest increase was in 2020, at 8.6%.

Annual dynamics of production in Denmark in value, 2018-2021, K $ US

In kind, 2018-2021, kg

Denmark's production of odoriferous substances for non-food industries fell for the second year in a row. In 2021, the country produced 50 697 kg, which is 6.0% less than in the previous year. From 2018 to 2021, overall production rose by 3.6%, with an average annual growth rate of 1.2%. The peak was in 2019, with 61 114 kg. The sharpest decline happened in 2020, at 11.7%, while the biggest increase was in 2019, at 24.9%.

Annual dynamics of production in Denmark in kind, 2018-2021, kg

Exports odoriferous substances for non food industries from Denmark

Exports in kind, t

Market behavior showed considerable volatility during this period. Export volumes hit their lowest point in 2018 and peaked in 2020, with a 2.6-fold difference between these extremes. In 2021, Denmark's exports of odoriferous substances for non-food industries amounted to 77 t, representing a sharp drop of 52.7% from 2020. The highest volume was recorded in 2020 at 163 t, with the largest increase that year at 137.7%.

Annual dynamics of product's exports from Denmark in kind, 2018-2021, t

From 2018 to 2021, Iceland, the United Kingdom, and Ireland were the top destinations for Denmark's exports in kind of odoriferous substances for non-food industries. Iceland accounted for 33.5% of exports, the United Kingdom for 17.7%, and Ireland for 11.3%. Together, these three countries made up 62.4% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Denmark in kind, 2018-2021

Exports in value, K $ US

Market performance exhibited noticeable fluctuations over these years. Export values bottomed out in 2018 and reached their peak in 2020, with the highest value being 2.8 times the lowest. In 2021, Denmark's export value for odoriferous substances for non-food industries totaled 1 330 K $ US, a decline of 57.6% from the previous year. The maximum was in 2020 at 3 135 K $ US, with the largest increase that year at 170.9%.

Annual dynamics of product's exports from Denmark in value, 2018-2021, K $ US

Between 2018 and 2021, the United Kingdom, Sweden, and Ireland were among the largest buyers of odoriferous substances for non-food industries from Denmark in value terms. The United Kingdom and Sweden each accounted for 17.8% of exports, while Ireland represented 10.6%. However, even combined, these three countries made up only 46.2% of total export value, indicating a broadly diversified partner base.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Denmark in value, 2018-2021

Imports odoriferous substances for non food industries to Denmark

Imports in kind, t

In 2021, Denmark's import volume of odoriferous substances for non-food industries was 705 t, reflecting a sharp increase of 27.8% compared to the previous year. From 2018 to 2021, imports grew by 11.2%, with an average annual growth rate of 3.6%. The lowest volume was in 2020 at 551 t, while the highest was in 2019 at 1 021 t. The most significant decline occurred in 2020, at 46.0%, and the largest increase was in 2019, at 61.0%.

Annual dynamics of product's imports to Denmark in kind, 2018-2021, t

From 2018 to 2021, Germany, Poland, and the Netherlands were the main sources for Denmark's imports in kind of odoriferous substances for non-food industries. Germany accounted for 32.3% of imports, Poland for 27.0%, and the Netherlands for 14.1%. Together, these three countries represented 73.5% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Denmark in kind, 2018-2021

Imports in value, K $ US

In 2021, Denmark imported odoriferous substances for non-food industries valued at {value_last_year} K $ US, corresponding to a sharp gain of 38.3% compared to 2020. Over the period from 2018 to 2021, imports increased by 79.8%, with an average annual growth rate of 21.6%. The largest decline was recorded in 2020, at 1.8%.

Annual dynamics of product's imports to Denmark in value, 2018-2021, K $ US

Between 2018 and 2021, three key markets—Germany, the Netherlands, and France—together absorbed 69.5% of the total import value of odoriferous substances for non-food industries to Denmark.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Denmark in value, 2018-2021