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

Contents:

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

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

The average import price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses stood at $43,680 per ton in 2022, dropping by -24.5% against the previous year. Overall, the import price, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2016 an increase of 136%. The import price peaked at $57,829 per ton in 2021, and then dropped dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($92,779 per ton), while the price for Latvia ($11,331 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.7%), 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 Russia (FOB) - 2022

The average export price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses stood at $15,748 per ton in 2022, rising by 33% against the previous year. Over the period under review, the export price, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 40% against the previous year. The export price peaked at $25,009 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Moldova ($31,753 per ton), while the average price for exports to Armenia ($12,116 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 Azerbaijan (+7.8%), 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 Russia

After three years of growth, purchases abroad of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses decreased by -44.5% to 37 tons in 2022. Over the period under review, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 121% against the previous year. As a result, imports attained the peak of 67 tons, and then dropped significantly in the following year.

In value terms, imports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses shrank sharply to $1.6M in 2022. Overall, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 285%. As a result, imports attained the peak of $3.9M, and then fell significantly in the following year.

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

1. Poland (9.1 tons)
2. United States (8.7 tons)
3. Switzerland (7.1 tons)
4. Germany (4.3 tons)
5. Lithuania (3.7 tons)
6. Czech Republic (1.6 tons)
7. United Kingdom (0.7 tons)
8. Latvia (0.7 tons)
9. Italy (0.2 tons)

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

In 2022, shipments abroad of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses decreased by -33.3% to 3.5 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 259% against the previous year. As a result, the exports reached the peak of 8.2 tons. 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 declined to $56K in 2022. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2020 when exports increased by 154% against the previous year. As a result, the exports reached the peak of $71K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Kazakhstan (2303.0 kg)
2. Latvia (361.0 kg)
3. Azerbaijan (178.0 kg)
4. Estonia (174.0 kg)
5. Moldova (146.0 kg)
6. Lithuania (117.0 kg)
7. Armenia (86.0 kg)
8. Uzbekistan (61.0 kg)

Source: IndexBox Market Intelligence Platform