Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in China - 2023
Contents:
- Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in China (CIF) - 2022
- Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in China (FOB) - 2022
- Imports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in China
- Exports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in China
Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in China (CIF) - 2022
In 2022, the average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses amounted to $19,982 per ton, rising by 33% against the previous year. Over the period under review, the import price recorded a buoyant increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 51%. The import price peaked in 2022 and is expected to retain 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 ($63,485 per ton), while the price for Mexico ($7,163 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 (+15.9%), 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 China (FOB) - 2022
In 2022, the average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses amounted to $49,113 per ton, surging by 18% against the previous year. Overall, the export price continues to indicate a resilient increase. The growth pace was the most rapid in 2021 when the average export price increased by 224% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($86,405 per ton), while the average price for exports to Singapore ($8,436 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 Nigeria (+77.1%), 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 China
In 2022, the amount of oils, essential; of orange (terpeneless or not), including concretes and absoluteses imported into China expanded notably to 2.2K tons, picking up by 8.8% on 2021. Overall, imports, however, recorded a noticeable slump.
In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses skyrocketed to $44M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +10.3% 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 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 14.2 | 10.6 | 12.2 | 17.2 | 6.6% |
| Brazil | 9.8 | 7.1 | 8.8 | 14.8 | 14.7% |
| Ireland | 1.8 | 2.8 | 2.3 | 4.5 | 35.7% |
| United Kingdom | 1.8 | 1.3 | 1.4 | 3.3 | 22.4% |
| Italy | 0.8 | 0.5 | 0.6 | 0.7 | -4.4% |
| South Africa | 0.3 | 0.7 | 0.6 | 0.5 | 18.6% |
| Mexico | 0.8 | 0.2 | 0.3 | 0.1 | -50.0% |
| Others | 3.3 | 3.9 | 4.3 | 2.9 | -4.2% |
| Total | 32.8 | 27.1 | 30.5 | 44.1 | 10.4% |
Top Suppliers of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes to China in 2022:
- Brazil (1373.5 tons)
- United States (270.7 tons)
- United Kingdom (206.8 tons)
- Ireland (188.7 tons)
- Italy (43.9 tons)
- South Africa (42.9 tons)
- Mexico (14.0 tons)
Exports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in China
In 2022, approx. 72 tons of oils, essential; of orange (terpeneless or not), including concretes and absoluteses were exported from China; which is down by -37.2% on the previous year's figure. Over the period under review, exports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2021 when exports increased by 173%. As a result, the exports attained the peak of 114 tons, and then reduced markedly in the following year.
In value terms, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses shrank remarkably to $3.5M in 2022. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 784%. As a result, the exports attained the peak of $4.7M, and then contracted sharply in the following year.
| Export of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 191 | 310 | 2,464 | 2,035 | 120.0% |
| United Kingdom | 5.0 | N/A | 1,272 | 1,202 | 521.8% |
| Japan | 5.8 | 7.0 | 392 | 104 | 161.7% |
| Indonesia | 235 | 11.9 | 76.0 | 67.7 | -34.0% |
| Thailand | 3.8 | N/A | N/A | 36.3 | 112.2% |
| India | 9.7 | 7.5 | 0.1 | 30.6 | 46.7% |
| Singapore | 318 | 140 | 27.2 | 3.4 | -78.0% |
| Canada | 5.0 | 0.6 | 491 | N/A | 891.0% |
| Others | 112 | 59.1 | 24.4 | 39.6 | -29.3% |
| Total | 885 | 537 | 4,747 | 3,519 | 58.4% |
Top Export Markets for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes from China in 2022:
- United States (39.4 tons)
- United Kingdom (16.2 tons)
- Indonesia (7.8 tons)
- India (2.9 tons)
- Thailand (1.9 tons)
- Japan (1.2 tons)
- Singapore (0.4 tons)
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