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Ethiopia - Essential Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingEssential Oils Price in Ethiopia - 2021
Contents:
- Essential Oils Price in Ethiopia (CIF) - 2022
- Essential Oils Price in Ethiopia (FOB) - 2022
- Essential Oils Imports in Ethiopia
- Essential Oils Exports in Ethiopia
Essential Oils Price in Ethiopia (CIF) - 2022
The average essential oils import price stood at $5,275 per ton in 2022, falling by -38.7% against the previous year. Overall, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of 122%. As a result, import price attained the peak level of $20,514 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($7,650 per ton), while the price for the United States stood at $2,544 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+11.2%), while the prices for the other major suppliers experienced a decline.
Essential Oils Price in Ethiopia (FOB) - 2022
In 2022, the average essential oils export price amounted to $16,095 per ton, surging by 92% against the previous year. In general, the export price continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 198%. The export price peaked at $23,161 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($16,772 per ton), while the average price for exports to the United States totaled $4,869 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+83.3%), while the prices for the other major destinations experienced more modest paces of growth.
Essential Oils Imports in Ethiopia
In 2022, approx. 174 tons of essential oils were imported into Ethiopia; increasing by 63% against the year before. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 165% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, essential oils imports declined slightly to $917K in 2022. Over the period under review, imports, however, showed a slight setback. The growth pace was the most rapid in 2021 when imports increased by 67%.
Import of Essential Oils in Ethiopia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 115 | 16.8 | 420 | 695 | 82.1% |
United States | N/A | N/A | N/A | 208 | 0% |
Kenya | N/A | 5.2 | 466 | N/A | 8861.5% |
China | N/A | 233 | N/A | N/A | 0% |
United Arab Emirates | 517 | 30.1 | 5.5 | N/A | -89.7% |
Egypt | 301 | N/A | 11.7 | N/A | -80.3% |
Others | 24.7 | 266 | 17.0 | 14.7 | -15.9% |
Total | 958 | 551 | 920 | 917 | -1.4% |
Top Suppliers of Essential Oils to Ethiopia in 2022:
- India (90.8 tons)
- United States (81.7 tons)
Essential Oils Exports in Ethiopia
In 2022, after three years of growth, there was significant decline in shipments abroad of essential oils, when their volume decreased by -48.5% to 44 tons. Overall, exports faced a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 15%. As a result, the exports attained the peak of 86 tons, and then declined remarkably in the following year.
In value terms, essential oils exports reduced modestly to $714K in 2022. Over the period under review, exports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 201% against the previous year. As a result, the exports reached the peak of $1.5M. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Essential Oils in Ethiopia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 442 | 1,383 | 530 | 705 | 16.8% |
United States | 0.8 | N/A | 3.6 | 3.3 | 60.4% |
China | 36.8 | 58.2 | 87.1 | N/A | 53.8% |
United Arab Emirates | N/A | 3.6 | 87.2 | N/A | 2322.2% |
Others | 18.3 | 55.5 | 13.1 | 5.2 | -34.3% |
Total | 498 | 1,500 | 721 | 714 | 12.8% |
Top Export Markets for Essential Oils from Ethiopia in 2022:
- India (42.0 tons)
- United States (0.7 tons)
This report provides an in-depth analysis of the essential oils market in Ethiopia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20531020 - Essential oils
Country coverage:
- Ethiopia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ethiopia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the essential oils market in Ethiopia.
This report provides an in-depth analysis of the resinoids market in Ethiopia.
This report provides an in-depth analysis of the global essential oils market.
This report provides an in-depth analysis of the global resinoids market.
This report provides an in-depth analysis of the essential oils market in Ethiopia.
This report provides an in-depth analysis of the resinoids market in Ethiopia.
This report provides an in-depth analysis of the global essential oils market.
This report provides an in-depth analysis of the global resinoids market.
Discover the leading import markets for essential oils worldwide, including key statistics and insights. Explore the demand, trends, and opportunities in the billion-dollar industry.
In value terms, essential oils imports totaled $X in 2016. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over t...
In value terms, essential oils exports totaled $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total exports value increased at an average annual rate of +X% over th...
Discover the leading import markets for essential oils worldwide, including key statistics and insights. Explore the demand, trends, and opportunities in the billion-dollar industry.
In value terms, essential oils imports totaled $X in 2016. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over t...
In value terms, essential oils exports totaled $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total exports value increased at an average annual rate of +X% over th...