HS Code:
Perfume oil mixtures and blends, categorized under HS Code 3302.90, consist of products that are ready for use as finished perfume bases. These mixtures are essential in the fragrance industry, serving as the core components for creating perfumes, colognes, and other scented products. They are typically composed of essential oils, aroma compounds, fixatives, and solvents, blended to achieve specific scent profiles. This category excludes raw essential oils and focuses on processed mixtures ready for incorporation into final consumer products. The global trade of perfume oil mixtures is driven by demand in the cosmetics, personal care, and luxury goods sectors, with significant production and innovation hubs in Europe, North America, and parts of Asia.
Total Trade Volume
USD 2.8 billion
Data from 2022
Source
United Nations Comtrade Database
USD 1.2 billion
42.9% of total trade of total trade
Increasing
USD 450 million
16.1% of total trade of total trade
Stable
USD 300 million
10.7% of total trade of total trade
Increasing
USD 250 million
8.9% of total trade of total trade
Stable
USD 150 million
5.4% of total trade of total trade
Increasing
Average Rate
6.5% ad valorem
Highest Rate
12% (applied by certain developing economies to protect local industries)
Lowest Rate
0% (under free trade agreements such as EU-US trade partnerships or within ASEAN)
Rising demand for natural and organic perfume bases
Increased trade in sustainably sourced essential oil blends, pushing exporters like India and Indonesia to expand production of natural ingredients
2021-2023
Growth in niche and personalized fragrance markets
Boosted demand for customized perfume oil mixtures, benefiting specialized manufacturers in France and Switzerland
2020-2022
Shift towards eco-friendly and cruelty-free products
Encouraged innovation in synthetic and vegan-friendly perfume bases, with the EU leading regulatory changes
2019-2023
The European Union introduced stricter limits on certain synthetic fragrance compounds under REACH regulations to address environmental and health concerns.
March 2023
Exporters to the EU must reformulate products, potentially increasing production costs but aligning with consumer demand for safer products.
A new phase of the US-China trade agreement reduced tariffs on perfume oil mixtures, facilitating easier access to the US market for Asian exporters.
January 2023
Expected to increase trade volume from countries like India and Singapore to the US by 10-15% over the next two years.
France, the global leader in perfume production, launched a government-backed initiative to promote sustainable sourcing of perfume oil ingredients.
September 2022
Strengthens Franceโs position as a premium supplier while encouraging global adoption of sustainable practices in the industry.