Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Australia - 2024

Contents:

1. Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Australia (CIF) - 2024
2. Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Australia (FOB) - 2022
3. Imports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Australia
4. Exports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Australia

Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Australia (CIF) - 2024

In April 2024, the average import price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses amounted to $18,595 per ton, which is down by -48.8% against the previous month. In general, the import price recorded a noticeable decline. The growth pace was the most rapid in November 2023 when the average import price increased by 119% m-o-m. Over the period under review, average import prices reached the maximum at $52,313 per ton in August 2023; however, from September 2023 to April 2024, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In April 2024, the country with the highest price was Italy ($112K per ton), while the price for South Africa ($7,832 per ton) was amongst the lowest.

From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by the UK (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Australia (FOB) - 2022

In 2022, the average export price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses amounted to $37,364 per ton, falling by -52.7% against the previous year. In general, the export price continues to indicate a perceptible slump. The growth pace was the most rapid in 2020 when the average export price increased by 77% against the previous year. As a result, the export price attained the peak level of $81,626 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($101,141 per ton), while the average price for exports to New Zealand ($22,286 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 China (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Australia

In 2022, after three years of growth, there was significant decline in purchases abroad of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses, when their volume decreased by -27.7% to 83 tons. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +11.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 81%.

In value terms, imports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses shrank to $1.9M in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 28%. As a result, imports reached the peak of $2.5M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes to Australia in 2022:

1. United States (28.3 tons)
2. Italy (19.9 tons)
3. Argentina (6.0 tons)
4. United Kingdom (5.8 tons)
5. Germany (5.0 tons)
6. Singapore (3.8 tons)
7. Japan (2.7 tons)
8. India (2.2 tons)
9. Brazil (2.1 tons)

Exports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Australia

In 2022, approx. 12 tons of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses were exported from Australia; reducing by -61.1% on the previous year's figure. Over the period under review, exports faced a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 75%. As a result, the exports reached the peak of 30 tons, and then shrank dramatically in the following year.

In value terms, exports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses reduced dramatically to $441K in 2022. Overall, exports continue to indicate a precipitous decline. The growth pace was the most rapid in 2021 with an increase of 70% against the previous year. As a result, the exports attained the peak of $2.4M, and then shrank remarkably in the following year.

Top Export Markets for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes from Australia in 2022:

1. New Zealand (8.0 tons)
2. Taiwan (Chinese) (1.4 tons)
3. Japan (0.5 tons)
4. Thailand (0.4 tons)
5. South Korea (0.4 tons)
6. United States (0.2 tons)
7. France (0.1 tons)

Source: IndexBox Market Intelligence Platform