Analysis and Studies - Products analysis
Perfumes: export and import
January 23rd 2024
Perfume is a mixture of fragrant essential oils or aroma compounds, fixatives and solvents, in liquid form, used to give the human body, animals, food, objects and living-spaces an agreeable musk.
Nevertheless, perfume ingredients may all cause health or environmental problems when used. Although the areas are under active research, much remains to be learned about the effects of fragrance on human health and the environment.
Some fragrances can also cause reactions in some individuals, especially those with severe or atopic asthma. Many scent ingredients can also cause headaches, allergic skin reactions or nausea.
However, the USA FDA (Food and Drug Administration) controls the safety of perfumes through their fixings and requires that they be tested to the extent that they are Generally recognized as safe (GRAS). Due to the need for protection of trade secrets, companies rarely give the full listing of ingredients regardless of their effects on health.
About trade
In 2021, Perfumes were the world's 219th most traded product, with a total trade of $19.5B billion. Between 2020 and 2021 the exports of Perfumes grew by 27.5%, from $15.3B to $19.5B. Morevoer, trade in Perfumes represent 0.093% of total world trade.
About Exports
In 2021 the top exporters of Perfumes were France, who contributed significantly with exports worth $6.23 billion, Spain with a substantial export value of $2.17 billion, Germany whose exports amounted to $1.71 billion, Italy and United States, who played pivotal roles in the global export market, with exports valued at $1.38 billion and $1.24 billion, respectively.
About Imports
In 2021 the top importers of Perfumes were United States with import value of $2.39 billion, Germany whose imports amounted to $1.51 billion, United Kingdom with import value of $1.04 billion, Netherlands and Spain who played key roles in the global import market, with imports valued at $966 million and $856 million, respectively.
Furthermore, in 2018 the average tariff for Perfumes was 15.5%, making it the 174th slightest tariff using the HS4 product classification (are used to denote the product grouping within the chapter).
Fonti:
https://oec.world/en
https://data.worldbank.org/
https://www.trademap.org/