Odoriferous Substance Mixture Market Overview in Luxembourg
Market Overview
In 2019, the Luxembourg odoriferous substance mixture market increased by 
% to $, rising for the second year in a row after three years of decline. Overall, consumption, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2011 with an increase of % y-o-y. Over the period under review, the market reached the maximum level at $ in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.
% to $, rising for the second year in a row after three years of decline. Overall, consumption, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2011 with an increase of % y-o-y. Over the period under review, the market reached the maximum level at $ in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.Consumption
In 2019, consumption of mixtures of odoriferous substances and their preparations increased by % to tonnes, rising for the second year in a row after three years of decline. In general, consumption, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2011 with an increase of % y-o-y. Over the period under review, consumption hit record highs at tonnes in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.
The size of the odoriferous substance mixture market in Luxembourg rose significantly to $ in 2019, surging 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). Over the period under review, consumption, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2011 when the market value increased by % against the previous year. Over the period under review, the market hit record highs at $ in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.
% to tonnes, rising for the second year in a row after three years of decline. In general, consumption, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2011 with an increase of % y-o-y. Over the period under review, consumption hit record highs at tonnes in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.The size of the odoriferous substance mixture market in Luxembourg rose significantly to $
in 2019, surging 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). Over the period under review, consumption, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2011 when the market value increased by % against the previous year. Over the period under review, the market hit record highs at $ in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.Market Forecast
Depressed by shrinking demand for odoriferous substance mixture in Luxembourg, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .Trade Balance
Luxembourg remains a net importer of odoriferous substance mixture; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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