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

Contents:

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

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

The average import price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses stood at $11,500 per ton in 2022, declining by -33.9% against the previous year. In general, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by 12% against the previous year. The import price peaked at $26,782 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($50,760 per ton), while the price for Italy ($9,731 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.2%), 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 Latvia (FOB) - 2022

The average export price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses stood at $23,080 per ton in 2022, picking up by 35% against the previous year. In general, the export price, however, showed a abrupt downturn. The export price peaked at $120,419 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($324,100 per ton), while the average price for exports to Estonia ($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 Poland (+36.2%), 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 Latvia

In 2022, approx. 5.8 tons of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses were imported into Latvia; jumping by 294% compared with the previous year's figure. Over the period under review, imports recorded a significant increase. As a result, imports attained 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 soared to $66K in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy11.89.613.342.553.3%
SpainN/A4.90.611.553.2%
Russia2.94.64.44.919.1%
Others1.77.97.27.463.3%
Total16.427.025.566.359.3%

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

  1. Italy (4.4 tons)
  2. Spain (0.9 tons)
  3. Russia (0.4 tons)

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

In 2022, approx. 584 kg of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses were exported from Latvia; picking up by 314% compared with the year before. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 1,267%. As a result, the exports attained the peak of 588 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses surged to $13K in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,372% against the previous year. As a result, the exports attained the peak of $15K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
RussiaN/A0.1N/A8.7832.7%
UkraineN/AN/AN/A3.20%
UzbekistanN/AN/A0.60.60.0%
Moldova0.5N/AN/A0.4-7.2%
BelarusN/A10.20.10.3-82.9%
Lithuania0.20.61.60.1-20.6%
SwedenN/A1.8N/AN/A0%
EstoniaN/A1.4N/AN/A0%
Others0.30.50.10.1-30.7%
Total1.014.52.413.5138.1%

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

  1. Russia (483.0 kg)
  2. Moldova (50.0 kg)
  3. Belarus (17.0 kg)
  4. Uzbekistan (15.0 kg)
  5. Ukraine (10.0 kg)
  6. Lithuania (3.0 kg)
  7. Estonia (1.0 kg)

Source: IndexBox Market Intelligence Platform

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