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

Contents:

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

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

The average import price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses stood at $13,461 per ton in 2022, waning by -27.1% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 46%. The import price peaked at $24,039 per ton in 2020; however, from 2021 to 2022, 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 Sri Lanka ($24,500 per ton), while the price for Malaysia ($2,095 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+5.4%), while the prices for the other major suppliers experienced a decline.

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

The average export price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses stood at $5,484 per ton in 2022, flattening at the previous year. Overall, the export price, however, saw a slight shrinkage. The growth pace was the most rapid in 2014 an increase of 32% against the previous year. The export price peaked at $6,091 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Bosnia and Herzegovina.

From 2012 to 2022, the rate of growth in terms of prices for Bosnia and Herzegovina amounted to +5.5% per year.

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

In 2022, overseas purchases of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses increased by 454% to 1.1 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a deep contraction.

In value terms, imports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses surged to $15K in 2022. In general, imports, however, saw a sharp downturn.

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

1. United Kingdom (391.0 kg)
2. Malaysia (241.0 kg)
3. Ukraine (234.0 kg)
4. United States (196.0 kg)
5. China (25.0 kg)
6. Sri Lanka (20.0 kg)

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

Exports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses from Bangladesh expanded notably to 62 kg in 2022, growing by 5.1% against the previous year. The total export volume increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 5.6% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses expanded remarkably to $340 in 2022. The total export value increased at an average annual rate of +6.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Bosnia and Herzegovina (62.0 kg)

Source: IndexBox Market Intelligence Platform