Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Nigeria - 2022
Contents:
- Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Nigeria (CIF) - 2022
- Imports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Nigeria
Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Nigeria (CIF) - 2022
In 2022, the average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses amounted to $35,217 per ton, increasing by 497% against the previous year. Overall, the import price recorded prominent growth. As a result, import price attained 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 ($48,020 per ton), while the price for the United States ($2,800 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 (+11.7%), while the prices for the other major suppliers experienced a decline.
Imports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Nigeria
In 2022, purchases abroad of oils, essential; of orange (terpeneless or not), including concretes and absoluteses decreased by -98.8% to 152 kg, falling for the second consecutive year after two years of growth. Overall, imports showed a dramatic setback. The most prominent rate of growth was recorded in 2020 when imports increased by 1,056% against the previous year. As a result, imports attained the peak of 84 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses dropped sharply to $5.4K in 2022. In general, imports faced a sharp downturn. The growth pace was the most rapid in 2020 with an increase of 676% against the previous year. As a result, imports reached the peak of $367K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.2 | 2.5 | 1.2 | 4.8 | 58.7% |
| France | 4.8 | 1.8 | N/A | 0.6 | -50.0% |
| China | 5.3 | 18.3 | 7.8 | N/A | 21.3% |
| United Kingdom | 2.5 | 6.8 | 3.9 | N/A | 24.9% |
| India | 10.2 | 7.4 | 13.5 | N/A | 15.0% |
| Indonesia | N/A | 208 | N/A | N/A | 0% |
| Netherlands | 3.1 | 34.2 | 15.5 | N/A | 123.6% |
| United States | 4.8 | 25.8 | 11.4 | N/A | 54.1% |
| Turkey | N/A | 16.1 | N/A | N/A | 0% |
| Others | 15.4 | 46.5 | 18.5 | N/A | 9.6% |
| Total | 47.3 | 367 | 72.0 | 5.4 | -51.5% |
Top Suppliers of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes to Nigeria in 2022:
- Germany (99.0 kg)
- France (47.0 kg)
- United States (5.0 kg)
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