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

Contents:

1. Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Pakistan (CIF) - 2022
2. Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Pakistan (FOB) - 2023
3. Imports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Pakistan
4. Exports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Pakistan

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

The average import price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses stood at $15,134 per ton in 2022, which is down by -6.8% against the previous year. In general, the import price, however, recorded a strong expansion. The growth pace was the most rapid in 2018 an increase of 35%. The import price peaked at $18,381 per ton in 2020; however, from 2021 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 Italy ($19,512 per ton), while the price for the Netherlands ($9,820 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+19.2%), 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 Pakistan (FOB) - 2023

In November 2023, the average export price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses amounted to $5,521 per ton, remaining relatively unchanged against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $21,985 per ton in June 2023; however, from July 2023 to November 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Uruguay.

From November 2022 to November 2023, the rate of growth in terms of prices for Uruguay amounted to -0.6% per month.

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

For the fourth year in a row, Pakistan recorded growth in purchases abroad of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses, which increased by 24% to 114 tons in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +23.4% 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 +87.9% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 27% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses skyrocketed to $1.7M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +19.1% 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 +69.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 31%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

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

1. Uruguay (66.3 tons)
2. Netherlands (11.5 tons)
3. United States (11.2 tons)
4. United Kingdom (8.0 tons)
5. Ireland (6.4 tons)
6. Italy (4.2 tons)

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

In 2022, exports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses from Pakistan contracted significantly to 37 tons, reducing by -38.3% on 2021 figures. Overall, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 121%. As a result, the exports attained the peak of 60 tons, and then reduced sharply in the following year.

In value terms, exports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses fell remarkably to $229K in 2022. Over the period under review, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 88% against the previous year. As a result, the exports attained the peak of $364K, and then dropped dramatically in the following year.

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

1. Uruguay (37.1 tons)

Source: IndexBox Market Intelligence Platform