China - Essential Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingEssential Oils Price in China - 2023
Contents:
- Essential Oils Price in China (FOB) - 2023
- Essential Oils Price in China (CIF) - 2023
- Essential Oils Exports in China
- Essential Oils Imports in China
Essential Oils Price in China (FOB) - 2023
The average essential oils export price stood at $13,547 per ton in September 2023, with a decrease of -9.7% against the previous month. Overall, the export price saw a perceptible reduction. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 37% m-o-m. Over the period under review, the average export prices attained the maximum at $21,254 per ton in September 2022; however, from October 2022 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was France ($27,898 per ton), while the average price for exports to Indonesia ($7,753 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.
Essential Oils Price in China (CIF) - 2023
In September 2023, the average essential oils import price amounted to $36,064 per ton, with an increase of 32% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $42,735 per ton in May 2023; however, from June 2023 to September 2023, 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 ($126K per ton), while the price for Vietnam ($13,135 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Ireland (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Essential Oils Exports in China
After three years of growth, shipments abroad of essential oils decreased by -7.7% to 16K tons in 2022. Overall, exports recorded a mild curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 2.6% against the previous year. As a result, the exports attained the peak of 17K tons, and then shrank in the following year.
In value terms, essential oils exports declined to $290M in 2022. In general, exports showed a pronounced decrease. The growth pace was the most rapid in 2021 with an increase of 12% against the previous year.
| Export of Essential Oils in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 54.2 | 68.8 | 71.1 | 62.8 | 5.0% |
| Indonesia | 80.9 | 45.0 | 53.0 | 54.8 | -12.2% |
| France | 23.6 | 21.3 | 28.6 | 25.1 | 2.1% |
| United Kingdom | 18.8 | 22.8 | 28.9 | 24.3 | 8.9% |
| Germany | 23.3 | 21.0 | 19.9 | 20.5 | -4.2% |
| Netherlands | 12.3 | 13.6 | 16.8 | 12.2 | -0.3% |
| Spain | 14.0 | 14.1 | 13.2 | 10.9 | -8.0% |
| Singapore | 13.5 | 9.2 | 12.2 | 10.3 | -8.6% |
| India | 18.5 | 12.4 | 15.0 | 8.7 | -22.2% |
| Australia | 9.8 | 10.2 | 7.3 | 6.8 | -11.5% |
| Thailand | 5.0 | 3.3 | 3.0 | 4.3 | -4.9% |
| Others | 49.5 | 42.9 | 50.1 | 49.6 | 0.1% |
| Total | 323 | 285 | 319 | 290 | -3.5% |
Top Export Markets for Essential Oils from China in 2022:
- Indonesia (4.8K tons)
- United States (2.6K tons)
- Germany (1.0K tons)
- France (0.9K tons)
- United Kingdom (0.8K tons)
- Netherlands (0.5K tons)
- Singapore (0.5K tons)
- India (0.5K tons)
- Australia (0.5K tons)
- Spain (0.5K tons)
- Thailand (0.3K tons)
Essential Oils Imports in China
In 2022, after three years of growth, there was significant decline in purchases abroad of essential oils, when their volume decreased by -18.4% to 7.7K tons. The total import volume increased at an average annual rate of +3.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 26% against the previous year.
In value terms, essential oils imports contracted dramatically to $243M in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 19% against the previous year. As a result, imports attained the peak of $297M, and then plummeted in the following year.
| Import of Essential Oils in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 102 | 96.5 | 117 | 88.2 | -4.7% |
| India | 31.3 | 53.9 | 57.2 | 34.1 | 2.9% |
| Brazil | 10.9 | 8.3 | 10.8 | 17.9 | 18.0% |
| Indonesia | 15.3 | 15.1 | 17.9 | 15.5 | 0.4% |
| United Kingdom | 9.4 | 8.1 | 9.9 | 12.1 | 8.8% |
| France | 10.4 | 11.3 | 13.6 | 10.7 | 1.0% |
| Italy | 8.1 | 7.6 | 8.9 | 9.6 | 5.8% |
| Vietnam | 0.4 | 2.3 | 5.7 | 6.3 | 150.7% |
| Madagascar | 6.4 | 3.2 | 2.5 | 2.3 | -28.9% |
| Others | 44.5 | 43.8 | 53.1 | 46.2 | 1.3% |
| Total | 239 | 250 | 297 | 243 | 0.6% |
Top Suppliers of Essential Oils to China in 2022:
- India (2254.2 tons)
- Brazil (1529.2 tons)
- United States (1004.4 tons)
- Indonesia (532.3 tons)
- United Kingdom (450.3 tons)
- Italy (396.4 tons)
- Vietnam (266.6 tons)
- Madagascar (125.0 tons)
- France (108.7 tons)
This report provides an in-depth analysis of the essential oils market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
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
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
767
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In value terms, essential oils exports amounted to $20M in April 2023.
185
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.
1462
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...
6329
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...
407
In value terms, essential oils exports amounted to $20M in April 2023.
185
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.
1462
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...
6329
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...
