Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Morocco - 2023

Contents:

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

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

The average import price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses stood at $67,684 per ton in 2022, rising by 5.4% against the previous year. Overall, the import price recorded a prominent expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by 86% against the previous year. As a result, import price reached the peak level of $70,359 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($151,896 per ton), while the price for India ($19,146 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses amounted to $15,563 per ton, which is down by -14.6% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The pace of growth was the most pronounced in 2019 when the average export price increased by 868% against the previous year. Over the period under review, the average export prices reached the peak figure at $205,673 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was French Polynesia ($52,667 per ton), while the average price for exports to Norway ($1,598 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 Spain (+11.3%), 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 Morocco

In 2022, purchases abroad of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses decreased by -5.2% to 1.3 tons, falling for the second year in a row after two years of growth. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +9.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -25.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 76%. As a result, imports attained the peak of 1.7 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses dropped to $86K in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.5% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 41% against the previous year.

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

1. India (761.0 kg)
2. France (441.0 kg)
3. Spain (58.0 kg)
4. Italy (15.0 kg)

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

In 2022, exports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses from Morocco fell notably to 160 kg, with a decrease of -98.3% compared with the previous year's figure. Over the period under review, exports faced a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 34,143%. As a result, the exports reached the peak of 9.6 tons, and then reduced remarkably in the following year.

In value terms, exports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses reduced dramatically to $2.5K in 2022. Overall, exports showed a sharp descent. The most prominent rate of growth was recorded in 2021 when exports increased by 34,860% against the previous year. As a result, the exports attained the peak of $175K, and then fell significantly in the following year.

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

1. Norway (82.0 kg)
2. Canada (36.0 kg)
3. Spain (28.0 kg)
4. French Polynesia (6.0 kg)
5. Slovenia (5.0 kg)

Source: IndexBox Market Intelligence Platform