Odoriferous substances for non food industries market in Spain

Earlier Report Observations

The market for odoriferous substances in Spain contracted sharply in 2020 to 409.5 million US dollars, primarily due to the COVID-19 pandemic, which reduced demand from the beauty and perfumery industries as social activities and tourism declined.

A strong recovery began in 2021, with market size reaching 535.4 million US dollars, driven by post-pandemic demand rebound and increased exports of essential oils and odoriferous mixtures. Growth continued through 2024, supported by Spain's expansion in essential oil cultivation to over 72,000 hectares and rising consumer preference for natural and sustainable ingredients in cosmetics and perfumery. Regulatory developments, such as the Law on Waste and Contaminated Soils for a circular economy, also influenced production practices.

By 2024, the market had grown to 699.8 million US dollars, reinforced by Spain's position as the world's second-largest exporter of perfumes and essential oils, with an ongoing focus on traceability and sustainability in raw materials.

Production odoriferous substances for non food industries in Spain

In value, 2017-2020, M $ US

In Spain, the output value of odoriferous substances for non-food industries reached 480.4 million US dollars in 2020, marking a 7.0% year-over-year increase. Over the period from 2017 to 2020, production grew by 26.8%, with an average annual growth rate of 8.2%. The largest decline occurred in 2019, at 0.9%, while the most significant increase was recorded in 2018, at 19.6%.

Annual dynamics of production in Spain in value, 2017-2020, M $ US

In kind, 2017-2020, t

Spain's production volume of odoriferous substances for non-food industries has increased for the third consecutive year. In 2020, the country produced 42 313 tonnes, up by 11.4% compared to the previous year. Between 2017 and 2020, production rose by 20.1%, translating to an annualized growth rate of 6.3%.

Annual dynamics of production in Spain in kind, 2017-2020, t

Exports odoriferous substances for non food industries from Spain

Exports in kind, t

Following two years of growth, the export volume of odoriferous substances for non-food industries from Spain declined. In 2020, exports totaled 40 532 tonnes, down by 10.8% from the previous year. Over the period from 2017 to 2020, exports increased by 40.7%, with an annualized rate of 12.1%. The peak was recorded in 2019 at 45 417 tonnes, which also saw the largest increase of 55.8%.

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

From 2017 to 2020, Spain exported odoriferous substances for non-food industries to a diverse range of markets. Even the largest destinations—the United Kingdom, Portugal, and Algeria—collectively accounted for only 36.7% of total exports in volume terms.

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

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

Exports in value, M $ US

The export value of odoriferous substances for non-food industries from Spain has risen for the third consecutive year. In 2020, exports reached 393.0 million US dollars, representing a 22.4% increase compared to 2019. Between 2017 and 2020, exports grew by 43.3%, equating to an annualized growth rate of 12.8%.

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

During 2017–2020, key buyers of odoriferous substances for non-food industries from Spain included the United Arab Emirates (8.4% of export value), Saudi Arabia (7.4%), and the United Kingdom (5.4%). However, their combined share was only 21.2% of total export value, with the remaining 78.8% distributed among numerous other partners.

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

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

Imports odoriferous substances for non food industries to Spain

Imports in kind, t

Spain's import volume of odoriferous substances for non-food industries has increased for the second consecutive year. In 2020, imports stood at 24 929 tonnes, reflecting a sharp rise of 26.3% year-over-year. Between 2017 and 2020, imports grew by 18.7%, with an annualized rate of 5.9%. The lowest point was in 2018 at 18 972 tonnes, which also experienced the largest decline of 9.6%.

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

From 2017 to 2020, the main suppliers of odoriferous substances for non-food industries to Spain were Germany (29.3% of import volume), France (20.0%), and the Netherlands (15.8%). Together, they comprised 65.1% of total imports in volume terms.

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

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

Imports in value, M $ US

After two years of growth, Spain's import value of odoriferous substances for non-food industries declined. In 2020, imports were recorded at 322.2 million US dollars, equivalent to a notable decrease of 10.1% compared to 2019. Over the period from 2017 to 2020, imports increased by 7.2%, with an annualized growth rate of 2.3%. The highest value was in 2019 at 358.2 million US dollars, while the largest increase occurred in 2018 at 12.1%.

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

In 2017–2020, the primary sources for Spain's imports of odoriferous substances for non-food industries in value terms were France (31.4% of import value), Germany (20.9%), and the Netherlands (15.3%). Collectively, they accounted for 67.6% of total import flows.

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

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