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

Contents:

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

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

The average export price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses stood at $50,431 per ton in 2022, jumping by 27% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses increased by +77.6% against 2019 indices. The growth pace was the most rapid in 2014 an increase of 72% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Mexico ($56,614 per ton) and Ireland ($52,096 per ton), while the average price for exports to the UK ($46,194 per ton) and the Netherlands ($49,512 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses amounted to $23,547 per ton, remaining stable against the previous year. In general, the import price continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2018 an increase of 60%. Over the period under review, average import prices attained the peak figure at $28,358 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($48,398 per ton), while the price for the United States ($8,730 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

Exports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses from Peru rose markedly to 803 tons in 2022, surging by 7.2% on the previous year. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 47%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses soared to $41M in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 82%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the near future.

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

1. United States (190.9 tons)
2. Netherlands (190.0 tons)
3. United Kingdom (179.7 tons)
4. Mexico (134.6 tons)
5. Ireland (93.8 tons)

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

In 2022, imports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses into Peru soared to 14 tons, rising by 55% on 2021 figures. Overall, imports recorded significant growth. 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 skyrocketed to $331K in 2022. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 76% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

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

1. China (4.4 tons)
2. United States (2.5 tons)
3. Mexico (2.4 tons)
4. Germany (1.7 tons)
5. Argentina (1.0 tons)
6. Colombia (0.6 tons)
7. Italy (0.5 tons)
8. United Kingdom (0.5 tons)

Source: IndexBox Market Intelligence Platform