Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Switzerland - 2024

Contents:

1. Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Switzerland (CIF) - 2024
2. Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Switzerland (FOB) - 2024
3. Imports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Switzerland
4. Exports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Switzerland

Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Switzerland (CIF) - 2024

The average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $24,200 per ton in January 2024, picking up by 16% against the previous month. In general, import price indicated a notable increase from January 2023 to January 2024: its price increased at an average monthly rate of +2.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses decreased by -30.7% against November 2023 indices. The pace of growth appeared the most rapid in November 2023 an increase of 68% against the previous month. As a result, import price reached the peak level of $34,911 per ton. From December 2023 to January 2024, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($47,363 per ton), while the price for Brazil ($15,229 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the United States (+9.6%), 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 Switzerland (FOB) - 2024

The average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $64,052 per ton in January 2024, rising by 68% against the previous month. Over the period under review, the export price enjoyed pronounced growth. The pace of growth was the most pronounced in October 2023 when the average export price increased by 302% against the previous month. As a result, the export price attained the peak level of $131K per ton. From November 2023 to January 2024, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In January 2024, the country with the highest price was Italy ($357K per ton), while the average price for exports to Argentina ($14,471 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+27.5%), 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 Switzerland

After three years of growth, purchases abroad of oils, essential; of orange (terpeneless or not), including concretes and absoluteses decreased by -3.9% to 1K tons in 2022. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 2.9% against the previous year. As a result, imports attained the peak of 1.1K tons, and then dropped in the following year.

In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses reduced to $14M in 2022. The total import value increased at an average annual rate of +5.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 48% against the previous year. As a result, imports reached the peak of $15M, and then shrank modestly in the following year.

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

1. United States (426.1 tons)
2. Brazil (398.6 tons)
3. Germany (108.4 tons)
4. France (44.0 tons)
5. Italy (39.9 tons)
6. Belgium (0.3 tons)

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

Exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses from Switzerland shrank slightly to 109 tons in 2022, leveling off at the previous year's figure. Over the period under review, exports saw a abrupt contraction.

In value terms, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses fell dramatically to $4.6M in 2022. In general, exports saw a deep setback. The smallest decline of -11.5% was in 2021.

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

1. Germany (21.5 tons)
2. United Kingdom (18.8 tons)
3. Indonesia (11.2 tons)
4. Saudi Arabia (9.7 tons)
5. United States (9.2 tons)
6. China (8.9 tons)
7. Belgium (6.1 tons)
8. Singapore (4.4 tons)
9. Turkey (3.2 tons)
10. Mexico (2.2 tons)
11. Italy (2.1 tons)
12. Spain (1.9 tons)
13. Netherlands (1.5 tons)

Source: IndexBox Market Intelligence Platform