Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in South Korea - 2022
Contents:
- Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in South Korea (CIF) - 2022
- Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in South Korea (FOB) - 2022
- Imports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in South Korea
- Exports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in South Korea
Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in South Korea (CIF) - 2022
The average import price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses stood at $34,224 per ton in 2022, rising by 17% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 27% against the previous year. Over the period under review, average import prices reached the peak figure at $35,578 per ton in 2013; however, from 2014 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 Japan ($55,510 per ton), while the price for Brazil ($6,421 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in South Korea (FOB) - 2022
The average export price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses stood at $30,386 per ton in 2022, declining by -9.3% against the previous year. Over the period under review, the export price, however, recorded a measured increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 118%. As a result, the export price reached the peak level of $41,245 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($68,010 per ton), while the average price for exports to Malaysia ($1,401 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 Guatemala (+53.0%).
Imports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in South Korea
In 2022, after three years of growth, there was significant decline in supplies from abroad of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses, when their volume decreased by -20.2% to 77 tons. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 20%.
In value terms, imports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses declined to $2.6M in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year. As a result, imports reached the peak of $2.8M, and then dropped in the following year.
| Import of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,084 | 761 | 774 | 886 | -6.5% |
| Italy | 678 | 650 | 679 | 588 | -4.6% |
| France | 209 | 335 | 396 | 415 | 25.7% |
| Spain | 156 | 175 | 384 | 334 | 28.9% |
| Japan | 248 | 182 | 231 | 163 | -13.1% |
| United Kingdom | 32.5 | 60.7 | 33.7 | 71.4 | 30.0% |
| Brazil | 93.8 | 127 | 125 | 44.2 | -22.2% |
| Others | 167 | 181 | 199 | 145 | -4.6% |
| Total | 2,667 | 2,471 | 2,822 | 2,646 | -0.3% |
Top Suppliers of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes to South Korea in 2022:
- Italy (22.6 tons)
- United States (19.2 tons)
- France (14.2 tons)
- Brazil (6.9 tons)
- Spain (6.4 tons)
- Japan (2.9 tons)
- United Kingdom (2.4 tons)
Exports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in South Korea
In 2022, exports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses from South Korea surged to 1.7 tons, growing by 107% on 2021 figures. Overall, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 146%. As a result, the exports reached the peak of 6.2 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 surged to $51K in 2022. In general, exports, however, showed a pronounced setback.
| Export of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 32.4 | 4.0 | 25.5 | 42.5 | 9.5% |
| Finland | N/A | N/A | N/A | 7.0 | 0% |
| Malaysia | N/A | N/A | N/A | 1.2 | 0% |
| United Kingdom | N/A | 94.5 | N/A | N/A | 0% |
| Mongolia | 1.0 | N/A | N/A | N/A | 0% |
| United States | 22.0 | N/A | N/A | N/A | 0% |
| Bahrain | N/A | N/A | 0.8 | N/A | 0% |
| Others | N/A | 0.8 | 0.8 | 0.2 | -50.0% |
| Total | 55.5 | 99.3 | 27.1 | 50.8 | -2.9% |
Top Export Markets for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes from South Korea in 2022:
- Malaysia (825.0 kg)
- China (740.0 kg)
- Finland (103.0 kg)
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