Odoriferous Substance Mixture Market Overview in Bulgaria
In value terms, odoriferous substance mixture production reached $ in estimated in export prices. Overall, production recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by % against the previous year. Odoriferous substance mixture production peaked at $ in 2018; however, from 2019 to , production remained at a lower figure.
The size of the odoriferous substance mixture market in Bulgaria skyrocketed to $ in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 when the market value increased by % y-o-y. Odoriferous substance mixture consumption peaked in and is expected to retain growth in the immediate term.