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

Contents:

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

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

The average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $17,522 per ton in 2022, increasing by 79% against the previous year. Overall, the import price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 an increase of 104%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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 ($41,661 per ton), while the price for Austria ($4,896 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+14.0%), 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 Belgium (FOB) - 2022

In 2022, the average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses amounted to $18,736 per ton, increasing by 369% against the previous year. Over the period under review, the export price continues to indicate strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($27,823 per ton), while the average price for exports to France ($3,679 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 Finland (+17.5%), 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 Belgium

In 2022, after three years of growth, there was significant decline in overseas purchases of oils, essential; of orange (terpeneless or not), including concretes and absoluteses, when their volume decreased by -43.9% to 128 tons. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 67% against the previous year.

In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses totaled $2.2M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +17.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.5% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 45% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

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

1. Germany (35.2 tons)
2. Brazil (28.2 tons)
3. United States (21.2 tons)
4. France (12.2 tons)
5. Italy (8.9 tons)
6. Mexico (7.1 tons)
7. Netherlands (5.3 tons)
8. Austria (1.3 tons)

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

In 2022, after three years of growth, there was significant decline in shipments abroad of oils, essential; of orange (terpeneless or not), including concretes and absoluteses, when their volume decreased by -84.3% to 32 tons. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 902%.

In value terms, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses dropped notably to $602K in 2022. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 545% against the previous year.

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

1. Netherlands (8.5 tons)
2. Switzerland (7.0 tons)
3. Algeria (5.5 tons)
4. France (4.1 tons)
5. United Kingdom (1.9 tons)
6. Indonesia (1.4 tons)
7. Kenya (1.3 tons)

Source: IndexBox Market Intelligence Platform