Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in the Philippines - 2024
Contents:
- Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in the Philippines (CIF) - 2022
- Imports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in the Philippines
Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in the Philippines (CIF) - 2022
In 2022, the average import price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses amounted to $48,522 per ton, growing by 46% against the previous year. In general, the import price enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 66% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 the UK ($69,212 per ton), while the price for Australia ($29,551 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in the Philippines
In 2022, purchases abroad of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses increased by 16% to 13 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a deep setback.
In value terms, imports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses surged to $615K in 2022. Overall, imports saw a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 22.7 | 34.9 | 31.2 | 339 | 146.3% |
| United States | 389 | 89.3 | 315 | 266 | -11.9% |
| Australia | 6.3 | 0.6 | 1.9 | 7.3 | 5.0% |
| Japan | 0.6 | 53.7 | 1.7 | N/A | 68.3% |
| Georgia | N/A | 39.3 | N/A | N/A | 0% |
| Israel | N/A | 11.1 | N/A | N/A | 0% |
| Others | 4.3 | 20.5 | 12.0 | 3.0 | -11.3% |
| Total | 422 | 249 | 362 | 615 | 13.4% |
Top Suppliers of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes to the Philippines in 2022:
- United States (7.5 tons)
- United Kingdom (4.9 tons)
- Australia (0.2 tons)
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