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

Contents:

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

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

In 2022, the average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses amounted to $14,439 per ton, picking up by 53% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained 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 Ireland ($30,959 per ton), while the price for the Philippines ($3,831 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+15.5%), 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 Singapore (FOB) - 2022

The average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $19,900 per ton in 2022, picking up by 12% against the previous year. In general, the export price enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 30% against the previous year. The export price peaked at $21,593 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($26,310 per ton), while the average price for exports to Thailand ($6,575 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 Indonesia (+11.1%), 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 Singapore

In 2022, the amount of oils, essential; of orange (terpeneless or not), including concretes and absoluteses imported into Singapore shrank to 1.8K tons, waning by -14.6% against the year before. Over the period under review, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 30%.

In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses surged to $26M in 2022. In general, total imports indicated a mild increase from 2019 to 2022: its value increased at an average annual rate of +1.3% 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 +54.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Brazil (881.4 tons)
2. United States (451.5 tons)
3. Germany (104.7 tons)
4. Italy (101.6 tons)
5. United Kingdom (70.2 tons)
6. China (65.0 tons)
7. Ireland (50.1 tons)
8. Philippines (12.7 tons)

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

For the fourth consecutive year, Singapore recorded growth in overseas shipments of oils, essential; of orange (terpeneless or not), including concretes and absoluteses, which increased by 16% to 323 tons in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +13.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 24%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses skyrocketed to $6.4M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +10.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.5% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Indonesia (88.9 tons)
2. India (61.9 tons)
3. China (50.7 tons)
4. South Korea (27.7 tons)
5. Japan (20.0 tons)
6. Thailand (18.4 tons)
7. Bangladesh (17.0 tons)
8. Malaysia (13.4 tons)
9. Australia (11.3 tons)

Source: IndexBox Market Intelligence Platform