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

Contents:

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

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

The average import price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses stood at $30,113 per ton in 2022, reducing by -8.4% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses decreased by -25.1% against 2020 indices. The pace of growth appeared the most rapid in 2016 an increase of 68%. As a result, import price reached the peak level of $40,590 per ton. From 2017 to 2022, the average import prices remained at a somewhat 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 Germany ($31,617 per ton), while the price for Spain ($15,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.4%), 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 Sri Lanka (FOB) - 2022

In 2022, the average export price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses amounted to $68,448 per ton, increasing by 7.9% against the previous year. Over the period under review, the export price recorded a buoyant expansion. The pace of growth was the most pronounced in 2014 an increase of 69% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($90,333 per ton), while the average price for exports to Maldives ($12,500 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 Maldives (+13.2%), 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 Sri Lanka

In 2022, imports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses into Sri Lanka reduced to 665 kg, with a decrease of -8.8% compared with the previous year. Overall, imports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 399% against the previous year. As a result, imports reached the peak of 729 kg, and then declined in the following year.

In value terms, imports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses shrank sharply to $20K in 2022. In general, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 308%. As a result, imports attained the peak of $24K, and then declined notably in the following year.

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

1. Germany (579.0 kg)
2. United Kingdom (35.0 kg)
3. Spain (25.0 kg)
4. India (18.0 kg)

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

In 2022, the amount of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses exported from Sri Lanka contracted significantly to 172 kg, shrinking by -52.9% against the previous year's figure. Overall, exports saw a noticeable curtailment. The pace of growth was the most pronounced in 2021 with an increase of 886%. As a result, the exports attained the peak of 365 kg, and then fell notably in the following year.

In value terms, exports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses contracted significantly to $12K in 2022. In general, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 902% against the previous year. As a result, the exports reached the peak of $23K, and then shrank dramatically in the following year.

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

1. United States (89.0 kg)
2. Germany (47.0 kg)
3. Maldives (10.0 kg)
4. France (8.0 kg)
5. Canada (3.0 kg)
6. United Kingdom (3.0 kg)

Source: IndexBox Market Intelligence Platform