Ecuador - Essential Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingEssential Oils Price in Ecuador - 2022
Contents:
- Essential Oils Price in Ecuador (FOB) - 2022
- Essential Oils Price in Ecuador (CIF) - 2022
- Essential Oils Exports in Ecuador
- Essential Oils Imports in Ecuador
Essential Oils Price in Ecuador (FOB) - 2022
The average essential oils export price stood at $17,137 per ton in 2022, waning by -10.4% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, essential oils export price increased by +2.3% against 2020 indices. The growth pace was the most rapid in 2014 when the average export price increased by 96%. Over the period under review, the average export prices reached the maximum at $23,311 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to +10.2% per year.
Essential Oils Price in Ecuador (CIF) - 2022
In 2022, the average essential oils import price amounted to $19,146 per ton, falling by -6.3% against the previous year. In general, the import price, however, recorded a resilient expansion. The growth pace was the most rapid in 2017 an increase of 46%. The import price peaked at $20,819 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
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 Colombia ($39,020 per ton), while the price for Chile ($1,849 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Essential Oils Exports in Ecuador
In 2022, the amount of essential oils exported from Ecuador contracted notably to 57 tons, reducing by -67.8% against the previous year. Overall, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 42%. As a result, the exports reached the peak of 176 tons, and then dropped markedly in the following year.
In value terms, essential oils exports plummeted to $972K in 2022. In general, exports saw a dramatic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 62% against the previous year. As a result, the exports reached the peak of $3.4M, and then fell markedly in the following year.
Export of Essential Oils in Ecuador (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 2.6 | 2.0 | 3.2 | 1.0 | -27.3% |
Others | N/A | N/A | 0.2 | N/A | 0% |
Total | 2.6 | 2.1 | 3.4 | 1.0 | -27.3% |
Top Export Markets for Essential Oils from Ecuador in 2022:
- United States (55.5 tons)
Essential Oils Imports in Ecuador
In 2022, supplies from abroad of essential oils decreased by -15.8% to 95 tons, falling for the second year in a row after two years of growth. In general, total imports indicated a pronounced increase from 2019 to 2022: its volume increased at an average annual rate of +4.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -28.4% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 61%. As a result, imports attained the peak of 132 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, essential oils imports shrank significantly to $1.8M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +7.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -34.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 87%. As a result, imports attained the peak of $2.8M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Essential Oils in Ecuador (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 767 | 2,059 | 1,662 | 1,304 | 19.4% |
China | 193 | 225 | 153 | 125 | -13.5% |
India | 56.5 | 73.4 | 89.7 | 70.4 | 7.6% |
France | 69.6 | 77.3 | 59.9 | 47.0 | -12.3% |
Spain | 31.9 | 32.9 | 59.2 | 46.4 | 13.3% |
Brazil | 86.0 | 67.7 | 48.9 | 44.3 | -19.8% |
Chile | 29.3 | 9.4 | 14.5 | 11.8 | -26.2% |
Others | 236 | 208 | 211 | 164 | -11.4% |
Total | 1,469 | 2,753 | 2,298 | 1,813 | 7.3% |
Top Suppliers of Essential Oils to Ecuador in 2022:
- United States (42.5 tons)
- China (23.4 tons)
- Chile (6.4 tons)
- Brazil (5.6 tons)
- India (4.9 tons)
- Spain (3.1 tons)
- France (2.7 tons)
This report provides an in-depth analysis of the essential oils market in Ecuador. 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:
- Ecuador
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ecuador
- 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
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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
This report provides an in-depth analysis of the essential oils market in Ecuador.
This report provides an in-depth analysis of the resinoids market in Ecuador.
This report provides an in-depth analysis of the global essential oils market.
This report provides an in-depth analysis of the global resinoids market.
This report provides an in-depth analysis of the essential oils market in Ecuador.
This report provides an in-depth analysis of the resinoids market in Ecuador.
This report provides an in-depth analysis of the global essential oils market.
This report provides an in-depth analysis of the global resinoids market.
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.
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...
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...
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.
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...
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...