Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Canada - 2024
Contents:
- Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Canada (CIF) - 2024
- Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Canada (FOB) - 2024
- Imports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Canada
- Exports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Canada
Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Canada (CIF) - 2024
In March 2024, the average import price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses amounted to $7,732 per ton, rising by 6.6% against the previous month. Overall, the import price showed slight growth. The most prominent rate of growth was recorded in October 2023 when the average import price increased by 276% against the previous month. Over the period under review, average import prices reached the peak figure at $22,729 per ton in May 2023; however, from June 2023 to March 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Argentina ($21,971 per ton), while the price for the United States totaled $6,779 per ton.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by the United States (+2.5%).
Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Canada (FOB) - 2024
The average export price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses stood at $13,303 per ton in March 2024, picking up by 35% against the previous month. Over the period under review, the export price, however, recorded a mild decline. The pace of growth was the most pronounced in November 2023 when the average export price increased by 89% against the previous month. Over the period under review, the average export prices attained the peak figure at $16,745 per ton in March 2023; however, from April 2023 to March 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In March 2024, the country with the highest price was Germany ($14,751 per ton), while the average price for exports to the United States ($8,403 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+0.4%), 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 Canada
In 2022, after three years of growth, there was significant decline in overseas purchases of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses, when their volume decreased by -33% to 564 tons. Over the period under review, imports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2020 when imports increased by 56%.
In value terms, imports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses shrank sharply to $5.1M in 2022. Overall, imports saw a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 33% against the previous year. As a result, imports reached the peak of $8.6M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.3 | 4.2 | 5.6 | 3.7 | 3.9% |
| Argentina | 0.4 | 2.0 | 1.2 | 0.8 | 26.0% |
| Australia | 0.2 | 0.3 | 0.7 | 0.1 | -20.6% |
| Italy | 0.6 | 0.5 | 0.4 | 0.1 | -45.0% |
| Spain | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Ireland | 1.5 | 0.8 | N/A | N/A | -46.7% |
| Others | 0.3 | 0.7 | 0.3 | 0.3 | 0.0% |
| Total | 6.4 | 8.6 | 8.3 | 5.1 | -7.3% |
Top Suppliers of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes to Canada in 2022:
- United States (459.6 tons)
- Argentina (67.3 tons)
- Spain (7.5 tons)
- Italy (5.5 tons)
- Ireland (4.0 tons)
- Australia (3.8 tons)
Exports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Canada
In 2022, shipments abroad of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses decreased by -46.8% to 302 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of 33% against the previous year.
In value terms, exports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses contracted notably to $3.1M in 2022. In general, exports recorded a significant decline. The smallest decline of -4.1% was in 2021.
| Export of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.3 | 5.6 | 5.7 | 2.4 | -23.2% |
| France | 0.5 | 0.4 | 0.4 | 0.5 | 0.0% |
| Switzerland | N/A | 0.2 | N/A | 0.2 | 0.0% |
| Germany | 1.2 | 0.2 | N/A | N/A | -83.3% |
| Others | 0.3 | N/A | 0.1 | N/A | -42.3% |
| Total | 7.2 | 6.5 | 6.2 | 3.1 | -24.5% |
Top Export Markets for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes from Canada in 2022:
- United States (249.2 tons)
- France (36.1 tons)
- Switzerland (13.5 tons)
- Germany (0.2 tons)
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