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

Contents:

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

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

In 2022, the average import price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses amounted to $18,988 per ton, declining by -20.8% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses decreased by -37.2% against 2018 indices. The growth pace was the most rapid in 2017 when the average import price increased by 76%. Over the period under review, average import prices reached the maximum at $30,226 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($42,600 per ton), while the price for China ($4,504 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.9%), 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 New Zealand (FOB) - 2022

In 2022, the average export price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses amounted to $66,625 per ton, surging by 16% against the previous year. Overall, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2015 an increase of 295%. As a result, the export price reached the peak level of $72,000 per ton. From 2016 to 2022, the average export prices remained 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 Australia ($94,385 per ton), while the average price for exports to French Polynesia ($10,904 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 States (+130.8%), 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 New Zealand

In 2022, imports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses into New Zealand surged to 14 tons, increasing by 22% compared with the year before. The total import volume increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports reached 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 contracted modestly to $273K in 2022. Overall, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 0.1%.

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

1. Italy (4.6 tons)
2. Australia (4.1 tons)
3. India (1.8 tons)
4. United States (1.5 tons)
5. United Kingdom (1.1 tons)
6. France (0.6 tons)
7. China (0.4 tons)

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

In 2022, exports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses from New Zealand skyrocketed to 304 kg, increasing by 73% on the year before. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 108% against the previous year. As a result, the exports reached the peak of 646 kg. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses soared to $20K in 2022. Over the period under review, exports saw buoyant growth.

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

1. Australia (195.0 kg)
2. French Polynesia (52.0 kg)
3. Samoa (50.0 kg)
4. Fiji (6.0 kg)

Source: IndexBox Market Intelligence Platform