Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Austria - 2023

Contents:

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

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

In 2022, the average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses amounted to $18,785 per ton, increasing by 13% against the previous year. Overall, the import price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 52% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

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 United States ($61,506 per ton), while the price for Germany ($10,999 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Austria (FOB) - 2022

In 2022, the average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses amounted to $42,067 per ton, rising by 29% against the previous year. In general, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses increased by +29.2% against 2020 indices. The growth pace was the most rapid in 2016 an increase of 36% against the previous year. Over the period under review, the average export prices attained the maximum at $46,547 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($91,630 per ton), while the average price for exports to Poland ($16,095 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 Switzerland (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

After three years of growth, supplies from abroad of oils, essential; of orange (terpeneless or not), including concretes and absoluteses decreased by -31.2% to 113 tons in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 32%. As a result, imports reached the peak of 165 tons, and then shrank sharply in the following year.

In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses declined sharply to $2.1M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +8.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 37%.

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

1. Germany (86.8 tons)
2. Switzerland (10.9 tons)
3. United Kingdom (8.0 tons)
4. Italy (3.0 tons)
5. Netherlands (0.7 tons)
6. Brazil (0.2 tons)

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

In 2022, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses from Austria was estimated at 15 tons, increasing by 8.2% on the previous year's figure. Overall, exports saw significant growth. The growth pace was the most rapid in 2020 when exports increased by 180% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses soared to $646K in 2022. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 176%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.

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

1. Italy (11.1 tons)
2. Germany (1.6 tons)
3. Russia (0.5 tons)
4. Netherlands (0.3 tons)
5. Slovakia (0.3 tons)
6. Czech Republic (0.2 tons)
7. Ukraine (0.1 tons)
8. Switzerland (0.1 tons)

Source: IndexBox Market Intelligence Platform