Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Switzerland - 2024
Contents:
- Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Switzerland (FOB) - 2024
- Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Switzerland (CIF) - 2024
- Exports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Switzerland
- Imports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Switzerland
Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Switzerland (FOB) - 2024
In May 2024, the average export price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses amounted to $87,157 per ton, waning by -11.8% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2023 an increase of 89% against the previous month. The export price peaked at $114K per ton in July 2023; however, from August 2023 to May 2024, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In May 2024, the country with the highest price was the Netherlands ($607K per ton), while the average price for exports to the United States ($16,826 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+20.4%), 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 Switzerland (CIF) - 2024
The average import price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses stood at $15,644 per ton in May 2024, which is down by -43% against the previous month. Over the period under review, the import price continues to indicate a perceptible reduction. The growth pace was the most rapid in September 2023 an increase of 70% against the previous month. As a result, import price attained the peak level of $36,766 per ton. From October 2023 to May 2024, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In May 2024, the country with the highest price was France ($154K per ton), while the price for Italy ($12,918 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by France (+10.2%), 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 Switzerland
In 2022, exports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses from Switzerland rose significantly to 75 tons, surging by 11% against the year before. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 91%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses contracted significantly to $7.7M in 2022. In general, exports, however, saw a mild downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 113%. As a result, the exports reached the peak of $12M, and then shrank significantly in the following year.
| Export of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4,823 | 2,970 | 9,098 | 3,745 | -8.1% |
| Spain | 364 | 404 | 417 | 565 | 15.8% |
| Indonesia | 304 | 263 | 238 | 535 | 20.7% |
| Italy | 801 | 283 | 241 | 473 | -16.1% |
| Brazil | 49.0 | 27.0 | 37.1 | 410 | 103.0% |
| Ireland | 54.7 | 59.7 | 61.0 | 293 | 75.0% |
| Russia | 91.4 | 111 | 81.2 | 269 | 43.3% |
| Japan | 264 | 288 | 206 | 231 | -4.4% |
| Germany | 308 | 234 | 323 | 228 | -9.5% |
| Belgium | 197 | 187 | 120 | 118 | -15.7% |
| Netherlands | 127 | 65.0 | 166 | 107 | -5.6% |
| Singapore | 41.5 | 67.7 | 235 | 99.0 | 33.6% |
| Mexico | 32.7 | 37.3 | 48.2 | 40.2 | 7.1% |
| Others | 495 | 527 | 518 | 596 | 6.4% |
| Total | 7,953 | 5,523 | 11,788 | 7,711 | -1.0% |
Top Export Markets for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes from Switzerland in 2022:
- United States (23.5 tons)
- Brazil (8.5 tons)
- Russia (8.1 tons)
- Japan (5.2 tons)
- Germany (4.8 tons)
- Italy (3.3 tons)
- Indonesia (3.0 tons)
- Spain (2.7 tons)
- Belgium (2.6 tons)
- Netherlands (1.9 tons)
- Mexico (1.5 tons)
- Singapore (1.4 tons)
- Ireland (1.4 tons)
Imports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Switzerland
In 2022, imports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses into Switzerland fell to 261 tons, dropping by -10.3% on the previous year's figure. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +5.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.0% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 63%. As a result, imports reached the peak of 291 tons, and then fell in the following year.
In value terms, imports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses totaled $7.2M in 2022. In general, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2021 when imports increased by 28%.
| Import of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.5 | 2.5 | 2.5 | 3.2 | -2.9% |
| Italy | 4.2 | 2.2 | 3.8 | 2.9 | -11.6% |
| Germany | 0.3 | 0.4 | 0.5 | 0.5 | 18.6% |
| Brazil | 0.1 | 0.1 | N/A | 0.2 | 26.0% |
| Canada | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.4 | 0.2 | 0.3 | 0.2 | -20.6% |
| Total | 8.5 | 5.5 | 7.1 | 7.2 | -5.4% |
Top Suppliers of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes to Switzerland in 2022:
- Italy (170.1 tons)
- United States (63.7 tons)
- Germany (11.3 tons)
- Canada (5.8 tons)
- Brazil (5.3 tons)
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