EU - Essential Oils - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact
European Imports of Essential Oils Accelerates Despite the Pandemic
IndexBox has just published a new report: 'EU - Essential Oils - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
Despite the Covid-related restrictions, imports of essential oils in the EU rose by +10% y-o-y and reached $1.5B. In volume terms, it increased by +14% y-o-y to 55K tonnes. Germany, France and Ireland remain key importers of essential oils in the EU, constituting 63% of total European imports. Brazil provides 64% of essential oil volume imported to Germany, while France has a diversified pool of suppliers. Argentina dominates Ireland's imports with a 67% share of the total volume.
Essential Oil Imports in the EU
In value terms, essential oils imports rose by +10.1% to $1.5B (IndexBox estimates) in 2020. Approx. 55K tonnes of essential oils were imported in the EU, picking up by 14% compared with the year before.
Germany represented the key importer of essential oils in the EU, with the volume of imports amounting to 20K tonnes, which was near 36% of total imports in 2020. It was distantly followed by France (8.8K tonnes), Ireland (5.9K tonnes), the Netherlands (5.4K tonnes), Spain (4.6K tonnes) and Italy (3.1K tonnes), together making up a 50% share of total imports. In value terms, France ($369M), Germany ($320M) and Ireland ($209M) were the countries with the highest levels of imports in 2020, together accounting for 61% of total imports.
The essential oils import price in the EU stood at $26,509 per tonne in 2020, with a decrease of -3.6% against the previous year. Over the last year, the most notable rate of growth in terms of prices was attained by Ireland, while the other leaders experienced more modest paces of growth.
Major Suppliers of Essential Oils to Germany, France and Ireland
In 2020, 64% of the essential oil volume imported to Germany came from Brazil. The rest was supplied by China, India, Italy, the U.S., and other countries.
France features a diversified pool of suppliers. In 2020, China provided France with 11% of import volume, followed by Belgium (11%), Brazil (9%), India (8%), together with other countries.
Argentina dominated Ireland imports supplying 67% of the total volume. It was followed by the U.S. (14%), Mexico (9%), Israel (5%), and some other countries with lesser shares.
Source: IndexBox Platform
This report provides an in-depth analysis of the essential oils market in the EU. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
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Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
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The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
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The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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