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

Contents:

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

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

The average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $11,123 per ton in 2022, growing by 30% against the previous year. Overall, the export price posted a perceptible increase. The growth pace was the most rapid in 2016 when the average export price increased by 61%. The export price peaked at $11,776 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($14,245 per ton), while the average price for exports to Germany ($8,247 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 China (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $10,563 per ton in 2022, rising by 40% against the previous year. Overall, the import price saw perceptible growth. The growth pace was the most rapid in 2016 an increase of 44% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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 France ($30,038 per ton), while the price for Mexico ($5,412 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

For the fourth consecutive year, Spain recorded growth in shipments abroad of oils, essential; of orange (terpeneless or not), including concretes and absoluteses, which increased by 38% to 1.6K tons in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +19.0% 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 +68.7% against 2019 indices. 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 surged to $17M in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained 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 Spain in 2022:

1. Italy (421.7 tons)
2. United States (330.2 tons)
3. France (207.1 tons)
4. United Kingdom (107.9 tons)
5. Germany (95.2 tons)
6. Turkey (43.3 tons)
7. Peru (40.6 tons)
8. India (37.3 tons)
9. Netherlands (25.9 tons)
10. Portugal (23.7 tons)
11. Poland (17.1 tons)

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

For the fourth consecutive year, Spain recorded growth in overseas purchases of oils, essential; of orange (terpeneless or not), including concretes and absoluteses, which increased by 0.6% to 1.3K tons in 2022. The total import volume increased at an average annual rate of +9.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses skyrocketed to $14M in 2022. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 41%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.

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

1. Brazil (984.1 tons)
2. Germany (88.9 tons)
3. Netherlands (73.6 tons)
4. Mexico (38.2 tons)
5. United Kingdom (30.2 tons)
6. United States (24.0 tons)
7. Italy (23.9 tons)

Source: IndexBox Market Intelligence Platform