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

Contents:

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

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

The average export price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses stood at $21,071 per ton in May 2024, dropping by -20.4% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2024 when the average export price increased by 246% month-to-month. Over the period under review, the average export prices reached the peak figure at $35,382 per ton in November 2023; however, from December 2023 to May 2024, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In May 2024, the country with the highest price was Germany ($92,835 per ton), while the average price for exports to the Netherlands ($11,247 per ton) was amongst the lowest.

From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to China (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses stood at $17,706 per ton in 2022, dropping by -16.9% against the previous year. In general, the import price saw a perceptible descent. The pace of growth appeared the most rapid in 2014 when the average import price increased by 33% against the previous year. Over the period under review, average import prices hit record highs at $37,092 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($44,882 per ton), while the price for Argentina ($10,298 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, after three years of growth, there was significant decline in overseas shipments of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses, when their volume decreased by -17.2% to 856 tons. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 103% against the previous year.

In value terms, exports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses expanded markedly to $19M in 2022. Over the period under review, exports, however, posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 51%. The exports peaked in 2022 and are expected to retain growth in years to come.

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

1. United States (566.8 tons)
2. Mexico (140.1 tons)
3. Netherlands (67.2 tons)
4. Germany (48.3 tons)
5. United Kingdom (1.4 tons)

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

For the fourth consecutive year, Brazil recorded growth in overseas purchases of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses, which increased by 48% to 279 tons in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +24.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses surged to $4.9M in 2022. The total import value increased at an average annual rate of +5.8% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Argentina (138.9 tons)
2. Italy (96.3 tons)
3. United States (28.0 tons)
4. France (9.7 tons)
5. Mexico (1.3 tons)

Source: IndexBox Market Intelligence Platform