Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Colombia - 2022
Contents:
- Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Colombia (CIF) - 2022
- Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Colombia (FOB) - 2022
- Imports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Colombia
- Exports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Colombia
Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Colombia (CIF) - 2022
In 2022, the average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses amounted to $11,186 per ton, jumping by 39% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses increased by +44.8% against 2019 indices. As a result, import price reached the peak level and is likely to continue 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 Germany ($59,641 per ton), while the price for Brazil ($9,840 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+22.6%), 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 Colombia (FOB) - 2022
The average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $13,530 per ton in 2022, dropping by -8.8% against the previous year. In general, the export price showed a deep slump. The pace of growth was the most pronounced in 2016 when the average export price increased by 51% against the previous year. As a result, the export price reached the peak level of $36,700 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($61,674 per ton), while the average price for exports to Mexico ($10,270 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 the Dominican Republic (+8.9%), 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 Colombia
In 2022, approx. 217 tons of oils, essential; of orange (terpeneless or not), including concretes and absoluteses were imported into Colombia; dropping by -18% compared with the previous year's figure. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 17%.
In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses rose remarkably to $2.4M in 2022. The total import value increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 16% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 1,093 | 949 | 1,202 | 1,695 | 15.7% |
| United States | 343 | 461 | 515 | 434 | 8.2% |
| Italy | 72.3 | 67.8 | 106 | 101 | 11.8% |
| Spain | 247 | 212 | 129 | 47.5 | -42.3% |
| Others | 315 | 133 | 169 | 149 | -22.1% |
| Total | 2,069 | 1,824 | 2,121 | 2,426 | 5.4% |
Top Suppliers of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes to Colombia in 2022:
- Brazil (172.2 tons)
- United States (32.2 tons)
- Italy (5.3 tons)
- Spain (3.0 tons)
Exports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Colombia
In 2022, approx. 16 tons of oils, essential; of orange (terpeneless or not), including concretes and absoluteses were exported from Colombia; rising by 356% compared with the previous year's figure. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses skyrocketed to $212K in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.3 | 7.0 | 5.0 | 95.4 | 246.2% |
| Venezuela | N/A | 1.3 | 13.4 | 64.6 | 604.9% |
| Dominican Republic | 3.4 | 0.2 | 3.9 | 28.6 | 103.4% |
| Mexico | 6.0 | N/A | N/A | 10.9 | 22.0% |
| Ecuador | 27.9 | 28.2 | 7.4 | 8.5 | -32.7% |
| Panama | 0.7 | 1.0 | 19.1 | 0.5 | -10.6% |
| Argentina | 0.2 | 3.7 | N/A | N/A | 1750.0% |
| Others | N/A | 1.6 | 2.0 | 2.9 | 34.6% |
| Total | 40.5 | 43.1 | 50.8 | 212 | 73.6% |
Top Export Markets for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes from Colombia in 2022:
- United States (7.7 tons)
- Venezuela (4.6 tons)
- Dominican Republic (2.1 tons)
- Mexico (1.1 tons)
- Ecuador (0.1 tons)
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