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

Contents:

1. Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in South Africa (FOB) - 2024
2. Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in South Africa (CIF) - 2022
3. Exports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in South Africa
4. Imports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in South Africa

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

The average export price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses stood at $5,185 per ton in April 2024, declining by -28.7% against the previous month. In general, the export price recorded a pronounced decline. The most prominent rate of growth was recorded in December 2023 an increase of 124% m-o-m. As a result, the export price attained the peak level of $13,191 per ton. From January 2024 to April 2024, the the average export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In April 2024, the countries with the highest prices were China ($6,389 per ton) and Zambia ($5,148 per ton), while the average price for exports to Zimbabwe ($4,874 per ton) and Italy ($4,899 per ton) were amongst the lowest.

From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+17.6%), 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 South Africa (CIF) - 2022

The average import price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses stood at $18,485 per ton in 2022, with an increase of 2.7% against the previous year. Overall, the import price, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2016 an increase of 30% against the previous year. The import price peaked at $28,870 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Israel ($101,877 per ton), while the price for Mexico ($8,627 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, overseas shipments of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses decreased by -18.7% to 902 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 171% against the previous year. As a result, the exports reached the peak of 1.1K tons, and then shrank significantly in the following year.

In value terms, exports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses fell rapidly to $5.6M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +5.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +35.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 71%. As a result, the exports reached the peak of $7.1M, and then reduced markedly in the following year.

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

1. Netherlands (379.0 tons)
2. India (249.5 tons)
3. United States (84.0 tons)
4. Mexico (80.2 tons)
5. United Kingdom (55.4 tons)
6. Brazil (14.6 tons)
7. Italy (14.6 tons)
8. China (12.3 tons)
9. Zimbabwe (0.5 tons)

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

In 2022, approx. 40 tons of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses were imported into South Africa; remaining constant against 2021. Over the period under review, imports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 111%. As a result, imports reached the peak of 40 tons, leveling off in the following year.

In value terms, imports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses expanded to $741K in 2022. The total import value increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

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

1. Italy (29.2 tons)
2. United States (3.5 tons)
3. Germany (1.7 tons)
4. Mexico (1.3 tons)
5. Israel (1.1 tons)
6. Zimbabwe (1.0 tons)
7. United Kingdom (0.8 tons)

Source: IndexBox Market Intelligence Platform