World - Essential Oils - Market Analysis, Forecast, Size, Trends And Insights
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Essential oils market: get access to the most recent info enhanced by an Ai-driven BI platform. Information cover market prices, trade, market size, imports, production, exports, companies, and consumption. There is a split by region, including the Middle East, EU, the U.K., Latin America, China, Russia, Africa, and the U.S. Market insights and forecast to 2030 are also featured in the snapshots.
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Essential Oils - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | China |
| 2 | France |
| 3 | Germany |
| 4 | United States |
| 5 | United Kingdom |
In value terms, China, France and Germany were the countries with the highest levels of market value in 2020, with a combined 35% share of the global market. The United States, the UK, India, Russia, Spain, Ireland, Japan, Singapore, Brazil and Saudi Arabia lagged somewhat behind, together comprising a further 38%.
Ireland saw the highest growth rate of market size, among the main consuming countries over the period under review, while essential oils market for the other global leaders experienced mixed trends in the market figures.
Essential Oils Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Brazil | 9758 | 7468 | 5238 | -26.7% |
| Mexico | 16516 | 10336 | 15484 | -3.2% |
| Netherlands | 33871 | 36656 | 16370 | -30.5% |
| China | 25870 | 19965 | 20936 | -10.0% |
| India | 17786 | 27335 | 22779 | 13.2% |
| Spain | 32412 | 29798 | 23536 | -14.8% |
| United States | 25571 | 25576 | 25391 | -0.4% |
| Argentina | 34261 | 32991 | 27513 | -10.4% |
| Germany | 26760 | 25225 | 28806 | 3.8% |
| Indonesia | 30537 | 27576 | 28921 | -2.7% |
| Italy | 35700 | 33443 | 29559 | -9.0% |
| United Kingdom | 40946 | 33358 | 30933 | -13.1% |
| France | 67659 | 64874 | 71120 | 2.5% |
| Average | 25302 | 24871 | 23248 | -4.1% |
There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was France ($71,120 per ton), while Brazil ($5,238 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by India, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| France | 41974 | 42111 | 41096 | -1.1% |
| Ireland | 29553 | 29973 | 37572 | 12.8% |
| China | 28935 | 33248 | 31195 | 3.8% |
| Japan | 20852 | 29389 | 29297 | 18.5% |
| Spain | 25606 | 28574 | 26192 | 1.1% |
| United States | 28692 | 25042 | 26007 | -4.8% |
| United Kingdom | 28520 | 32276 | 23536 | -9.2% |
| Singapore | 23693 | 22517 | 21929 | -3.8% |
| Canada | 22155 | 23746 | 20961 | -2.7% |
| India | 24287 | 23069 | 20254 | -8.7% |
| Netherlands | 18513 | 17251 | 17870 | -1.8% |
| Germany | 21899 | 20065 | 16128 | -14.2% |
| Indonesia | 22814 | 19142 | 15153 | -18.5% |
| Average | 25960 | 24654 | 23758 | -4.3% |
There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was France ($41,096 per ton), while Indonesia ($15,153 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced more modest paces of growth.
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Essential Oils - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| United States | 1.2 | 1 | 0.8 | -18.5% |
| France | 0.4 | 0.3 | 0.4 | -1.3% |
| Germany | 0.4 | 0.3 | 0.3 | -8.8% |
| Netherlands | 0.2 | 0.2 | 0.3 | 9.5% |
| China | 0.2 | 0.2 | 0.2 | 9.1% |
In value terms, the United States ($812M) constitutes the largest market for imported essential oils worldwide, comprising 19% of global imports. The second position in the ranking was occupied by France ($368M), with a 8.7% share of global imports. It was followed by Germany, with a 7.9% share.
From 2018 to 2020, the average annual rate of growth in terms of value in the United States stood at -18.5%. In the other countries, the average annual rates were as follows: France (-1.3% per year) and Germany (-8.8% per year).
Essential Oils - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| United States | 0.7 | 0.7 | 0.7 | -0.3% |
| France | 0.5 | 0.4 | 0.4 | -1.7% |
| India | 0.5 | 0.4 | 0.4 | -8.1% |
| China | 0.4 | 0.3 | 0.4 | -9.3% |
| Netherlands | 0.06 | 0.06 | 0.2 | 88.8% |
In value terms, the United States ($695M), France ($441M) and India ($413M) constituted the countries with the highest levels of exports in 2020, together accounting for 35% of global exports. China, the Netherlands, Argentina, Brazil, Germany, Indonesia, Italy, the UK, Spain and Mexico lagged somewhat behind, together accounting for a further 42%.
The Netherlands (+88.8% per year) recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Essential Oils - Market Forecast
Driven by rising demand for essential oils worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Essential Oils - Product Coverage
- HS 330112 - Oils, essential; of orange (terpeneless or not), including concretes and absolutes
- HS 330113 - Oils, essential; of lemon (terpeneless or not), including concretes and absolutes
- HS 330119 - Oils, essential; of citrus fruits n.e.s. in heading no. 3301 (terpeneless or not), including concretes and absolutes
- HS 330124 - Oils, essential; of peppermint (mentha piperita), terpeneless or not, including concretes and absolutes
- HS 330125 - Oils, essential; of mints (excluding peppermint), terpeneless or not, including concretes and absolutes
- HS 330129 - Oils, essential; n.e.s. in heading no. 3301 (terpeneless or not), including concretes and absolutes
This report provides an in-depth analysis of the global essential oils market. 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 2030.
Product coverage:
- Prodcom 20531020 - Essential oils
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Company coverage:
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
-
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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This report provides an in-depth analysis of the global essential oils market.
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Discover the leading import markets for essential oils worldwide, including key statistics and insights. Explore the demand, trends, and opportunities in the billion-dollar industry.
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In value terms, essential oils imports totaled $X in 2016. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over t...
6318
In value terms, essential oils exports totaled $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total exports value increased at an average annual rate of +X% over th...
