Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in China - 2024
Contents:
- Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in China (CIF) - 2024
- Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in China (FOB) - 2022
- Imports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in China
- Exports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in China
Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in China (CIF) - 2024
In May 2024, the average import price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses amounted to $20,759 per ton, with a decrease of -5.5% against the previous month. Overall, the import price showed a pronounced decline. The pace of growth was the most pronounced in February 2024 an increase of 71% month-to-month. The import price peaked at $32,327 per ton in May 2023; however, from June 2023 to May 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In May 2024, the country with the highest price was Germany ($53,955 per ton), while the price for South Africa ($7,880 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Spain (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in China (FOB) - 2022
In 2022, the average export price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses amounted to $5,419 per ton, waning by -3.2% against the previous year. Over the period under review, the export price saw a noticeable setback. The growth pace was the most rapid in 2020 when the average export price increased by 118%. The export price peaked at $13,248 per ton in 2013; however, from 2014 to 2022, the 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 India ($24,432 per ton), while the average price for exports to Singapore ($2,000 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 UK (+16.1%), 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 China
After three years of growth, supplies from abroad of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses decreased by -17.2% to 613 tons in 2022. The total import volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year.
In value terms, imports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses dropped sharply to $17M in 2022. Overall, imports saw a pronounced decrease. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year. As a result, imports attained the peak of $21M, and then contracted remarkably in the following year.
| Import of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 5.4 | 5.0 | 5.4 | 5.1 | -1.9% |
| United States | 6.7 | 4.9 | 6.8 | 4.7 | -11.1% |
| Argentina | 2.8 | 1.9 | 2.7 | 2.7 | -1.2% |
| United Kingdom | 0.8 | 1.2 | 1.6 | 1.6 | 26.0% |
| Japan | 1.4 | 1.2 | 1.2 | 1.1 | -7.7% |
| Germany | 1.1 | 1.3 | 1.3 | 0.5 | -23.1% |
| Brazil | 0.1 | 0.3 | 0.3 | 0.3 | 44.2% |
| France | 0.3 | 0.3 | 0.4 | 0.2 | -12.6% |
| Others | 0.4 | 1.1 | 0.8 | 0.6 | 14.5% |
| Total | 19.2 | 17.1 | 20.6 | 16.9 | -4.2% |
Top Suppliers of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes to China in 2022:
- Italy (274.3 tons)
- Argentina (103.2 tons)
- United States (83.4 tons)
- United Kingdom (79.9 tons)
- Japan (30.7 tons)
- Brazil (12.9 tons)
- France (7.7 tons)
- Germany (6.4 tons)
Exports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in China
For the third consecutive year, China recorded decline in overseas shipments of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses, which decreased by -65.2% to 23 tons in 2022. In general, exports faced a sharp curtailment. The smallest decline of -1.8% was in 2021.
In value terms, exports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses shrank sharply to $126K in 2022. Over the period under review, exports recorded a significant decline. The smallest decline of -18% was in 2020.
| Export of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 171 | 138 | 111 | 63.0 | -28.3% |
| United States | 271 | 91.4 | 184 | 18.2 | -59.4% |
| Peru | N/A | 3.3 | 8.0 | 11.5 | 86.7% |
| United Kingdom | 33.1 | 160 | N/A | 8.3 | -36.9% |
| Hong Kong SAR | 17.8 | N/A | 9.8 | 6.2 | -29.6% |
| Norway | 16.1 | N/A | N/A | N/A | 0% |
| Others | 147 | 146 | 61.3 | 18.7 | -49.7% |
| Total | 656 | 538 | 374 | 126 | -42.3% |
Top Export Markets for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes from China in 2022:
- Italy (12.1 tons)
- United States (8.5 tons)
- Hong Kong SAR (1.2 tons)
- Peru (0.6 tons)
- United Kingdom (0.3 tons)
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