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

Contents:

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

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

In 2022, the average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses amounted to $13,906 per ton, with an increase of 44% against the previous year. Over the period under review, the import price enjoyed a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($38,688 per ton), while the price for Argentina ($6,558 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+11.5%), 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 Peru (FOB) - 2022

The average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $21,511 per ton in 2022, waning by -27.4% against the previous year. In general, the export price continues to indicate a deep contraction. The growth pace was the most rapid in 2021 when the average export price increased by 73% against the previous year. The export price peaked at $37,129 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($58,343 per ton), while the average price for exports to Colombia ($5,748 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 Ecuador (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the amount of oils, essential; of orange (terpeneless or not), including concretes and absoluteses imported into Peru dropped to 137 tons, shrinking by -14.3% against the year before. Overall, imports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. As a result, imports attained the peak of 160 tons, and then contracted in the following year.

In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses soared to $1.9M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +12.0% 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 +108.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 68%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

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

1. Brazil (77.7 tons)
2. Spain (22.1 tons)
3. Germany (14.8 tons)
4. United States (8.9 tons)
5. Italy (8.4 tons)
6. Argentina (3.4 tons)
7. United Kingdom (0.7 tons)

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

In 2022, the amount of oils, essential; of orange (terpeneless or not), including concretes and absoluteses exported from Peru soared to 1.1 tons, picking up by 222% against the previous year. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 609% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses surged to $24K in 2022. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 360% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

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

1. Ecuador (950.0 kg)
2. Colombia (115.0 kg)
3. Chile (67.0 kg)

Source: IndexBox Market Intelligence Platform