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

Contents:

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

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

The average import price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses stood at $24,804 per ton in 2022, declining by -18.9% against the previous year. In general, the import price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by 23% against the previous year. Over the period under review, average import prices reached the peak figure at $38,887 per ton in 2018; however, from 2019 to 2022, import prices stood 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 France ($56,469 per ton), while the price for Taiwan (Chinese) ($8,492 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.6%), 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 Thailand (FOB) - 2022

The average export price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses stood at $1,001 per ton in 2022, remaining stable against the previous year. Over the period under review, the export price, however, recorded a sharp setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 625% against the previous year. The export price peaked at $14,519 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($2,320 per ton), while the average price for exports to Bangladesh ($298 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 Myanmar (-12.3%), while the prices for the other major destinations experienced a decline.

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

For the fourth year in a row, Thailand recorded growth in purchases abroad of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses, which increased by 117% to 21 tons in 2022. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses soared to $516K in 2022. Over the period under review, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. United Kingdom (7.5 tons)
2. Italy (4.4 tons)
3. United States (2.9 tons)
4. Taiwan (Chinese) (2.1 tons)
5. Argentina (1.2 tons)
6. Spain (0.9 tons)
7. Canada (0.5 tons)
8. Germany (0.4 tons)
9. France (0.1 tons)

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

In 2022, after three years of growth, there was significant decline in overseas shipments of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses, when their volume decreased by -39.7% to 16 tons. Overall, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 141%. As a result, the exports attained the peak of 26 tons, and then fell remarkably in the following year.

In value terms, exports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses fell dramatically to $16K in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 42% against the previous year. As a result, the exports attained the peak of $26K, and then dropped remarkably in the following year.

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

1. Sweden (12.5 tons)
2. Denmark (2.3 tons)
3. Norway (0.4 tons)
4. Bangladesh (0.3 tons)

Source: IndexBox Market Intelligence Platform