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Sri Lanka - Essential Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingEssential Oils Price in Sri Lanka - 2021
Contents:
- Essential Oils Price in Sri Lanka (FOB) - 2022
- Essential Oils Price in Sri Lanka (CIF) - 2022
- Essential Oils Exports in Sri Lanka
- Essential Oils Imports in Sri Lanka
Essential Oils Price in Sri Lanka (FOB) - 2022
The average essential oils export price stood at $37,144 per ton in 2022, falling by -38.6% against the previous year. Over the period under review, the export price showed a pronounced descent. The most prominent rate of growth was recorded in 2017 an increase of 28% against the previous year. The export price peaked at $62,882 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($70,911 per ton), while the average price for exports to China ($21,545 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Essential Oils Price in Sri Lanka (CIF) - 2022
The average essential oils import price stood at $27,283 per ton in 2022, declining by -12.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2016 when the average import price increased by 39% against the previous year. The import price peaked at $32,942 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
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 the UK ($56,373 per ton), while the price for Brazil ($10,402 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Essential Oils Exports in Sri Lanka
After three years of growth, overseas shipments of essential oils decreased by -89% to 81 tons in 2022. Overall, exports showed a sharp downturn. The pace of growth was the most pronounced in 2020 when exports increased by 9.6% against the previous year.
In value terms, essential oils exports contracted notably to $3M in 2022. In general, exports recorded a dramatic decline. The growth pace was the most rapid in 2021 when exports increased by 12% against the previous year. As a result, the exports reached the peak of $45M, and then contracted notably in the following year.
Export of Essential Oils in Sri Lanka (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 1.5 | 5.4 | 6.1 | 1.3 | -4.7% |
United States | 0.4 | 1.2 | 0.7 | 0.4 | 0.0% |
France | 0.7 | 0.6 | 1.2 | 0.4 | -17.0% |
Germany | 0.7 | 0.6 | 1.0 | 0.3 | -24.6% |
Saudi Arabia | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
United Arab Emirates | N/A | 0.1 | 0.2 | 0.1 | 0.0% |
United Kingdom | 2.2 | 1.3 | 0.6 | 0.1 | -64.3% |
Spain | 3.3 | 3.3 | 2.6 | N/A | -11.2% |
Thailand | 0.2 | 0.4 | 0.3 | N/A | 22.5% |
China | 1.0 | 0.1 | 0.1 | N/A | -68.4% |
Mexico | 1.0 | 1.4 | 1.4 | N/A | 18.3% |
Others | 27.1 | 25.5 | 30.4 | 0.3 | -77.7% |
Total | 38.1 | 39.9 | 44.8 | 3.0 | -57.1% |
Top Export Markets for Essential Oils from Sri Lanka in 2022:
- India (48.2 tons)
- France (6.3 tons)
- United States (5.5 tons)
- Germany (4.7 tons)
- United Arab Emirates (3.6 tons)
- Saudi Arabia (3.1 tons)
- United Kingdom (2.3 tons)
- China (2.0 tons)
- Spain (0.7 tons)
Essential Oils Imports in Sri Lanka
In 2022, overseas purchases of essential oils decreased by -75.4% to 41 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 45%. As a result, imports reached the peak of 166 tons, and then dropped rapidly in the following year.
In value terms, essential oils imports dropped sharply to $1.1M in 2022. In general, imports faced a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of 38%. As a result, imports reached the peak of $5.2M, and then shrank notably in the following year.
Import of Essential Oils in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 138 | 280 | 231 | 397 | 42.2% |
India | 301 | 279 | 304 | 273 | -3.2% |
China | 105 | 157 | 159 | 79.1 | -9.0% |
United Kingdom | 76.7 | 103 | 45.5 | 63.3 | -6.2% |
Indonesia | 97.8 | 59.3 | 135 | 56.7 | -16.6% |
Brazil | 2.6 | 3.9 | 3.6 | 32.4 | 131.8% |
Singapore | 984 | 1,337 | 1,098 | 31.7 | -68.2% |
Spain | 147 | 232 | 166 | 22.6 | -46.4% |
United States | 28.3 | 80.0 | 10.4 | 4.6 | -45.4% |
Vietnam | 130 | 307 | 446 | N/A | 85.2% |
Egypt | 115 | 184 | 183 | N/A | 26.1% |
South Africa | 10.2 | 12.2 | 25.2 | N/A | 57.2% |
Others | 983 | 722 | 2,389 | 150 | -46.6% |
Total | 3,120 | 3,757 | 5,196 | 1,111 | -29.1% |
Top Suppliers of Essential Oils to Sri Lanka in 2022:
- Vietnam (undefined tons)
- India (16.3 tons)
- Germany (9.2 tons)
- China (5.0 tons)
- Brazil (3.1 tons)
- Indonesia (1.8 tons)
- Spain (1.2 tons)
- United Kingdom (1.1 tons)
- Singapore (0.8 tons)
- United States (0.2 tons)
This report provides an in-depth analysis of the essential oils market in Sri Lanka. 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:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- 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
-
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 Sri Lanka.
This report provides an in-depth analysis of the resinoids market in Sri Lanka.
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 Sri Lanka.
This report provides an in-depth analysis of the resinoids market in Sri Lanka.
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...