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

Contents:

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

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

The average import price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses stood at $29,962 per ton in March 2022, almost unchanged from the previous month. In general, the import price, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in April 2021 an increase of 54% m-o-m. As a result, import price attained the peak level of $57,157 per ton. From May 2021 to March 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was the United States ($40,485 per ton), while the price for Singapore ($14,480 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.3%), 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 Indonesia (FOB) - 2022

The average export price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses stood at $28,849 per ton in 2022, approximately equating the previous year. In general, the export price saw a noticeable descent. The pace of growth appeared the most rapid in 2020 an increase of 29%. Over the period under review, the average export prices hit record highs at $44,872 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($98,729 per ton), while the average price for exports to Italy ($12,069 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 United Arab Emirates (+14.4%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, purchases abroad of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses decreased by -16.2% to 88 tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +9.0% 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 +29.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. As a result, imports reached the peak of 105 tons, and then shrank rapidly in the following year.

In value terms, imports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses dropped to $2.8M in 2022. The total import value increased at an average annual rate of +4.9% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 13% against the previous year.

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

1. United States (42.4 tons)
2. Singapore (20.5 tons)
3. Italy (19.9 tons)
4. Switzerland (1.4 tons)
5. United Kingdom (0.8 tons)
6. Japan (0.2 tons)

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

Exports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses from Indonesia skyrocketed to 2.9 tons in 2022, growing by 420% on 2021. Over the period under review, exports enjoyed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses surged to $82K in 2022. In general, exports showed resilient growth.

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

1. France (1335.0 kg)
2. Italy (971.0 kg)
3. Canada (257.0 kg)
4. Maldives (138.0 kg)
5. United Arab Emirates (85.0 kg)
6. Netherlands (5.0 kg)
7. Singapore (1.0 kg)

Source: IndexBox Market Intelligence Platform