Report Update: Apr 1, 2024

Italy - Essential Oils - Market Analysis, Forecast, Size, Trends And Insights

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Essential Oils Price in Italy - 2023

Essential Oils Price in Italy (FOB) - 2022

In 2022, the average essential oils export price amounted to $28,673 per ton, shrinking by -8% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 12%. As a result, the export price reached the peak level of $35,711 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($56,122 per ton), while the average price for exports to Portugal ($10,659 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Essential Oils Price in Italy (CIF) - 2022

In 2022, the average essential oils import price amounted to $20,496 per ton, declining by -9.1% against the previous year. Overall, the import price continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 17%. As a result, import price reached the peak level of $27,143 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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 the UK ($59,938 per ton), while the price for Brazil ($13,273 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Essential Oils Exports in Italy

In 2022, approx. 5.9K tons of essential oils were exported from Italy; surging by 6.1% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 7.4%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, essential oils exports shrank modestly to $170M in 2022. Over the period under review, exports, however, showed a mild shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 13%.

Export of Essential Oils in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	39.6	35.5	43.7	43.7	3.3%
United States	37.1	29.8	31.3	33.6	-3.2%
Netherlands	10.4	8.2	12.5	15.5	14.2%
Germany	19.4	17.7	23.9	14.7	-8.8%
Switzerland	10.0	5.6	5.9	7.3	-10.0%
United Kingdom	13.3	10.0	7.5	6.2	-22.5%
China	6.0	4.8	6.1	5.4	-3.5%
Spain	6.5	4.9	5.5	5.3	-6.6%
Singapore	4.2	2.8	3.4	5.0	6.0%
Ireland	2.4	3.8	5.3	4.4	22.4%
Brazil	2.2	2.6	2.2	2.8	8.4%
India	2.0	1.8	1.5	1.8	-3.5%
Portugal	0.2	0.3	0.2	1.6	100.0%
Others	23.2	25.7	25.3	22.8	-0.6%
Total	176	154	174	170	-1.1%

Top Export Markets for Essential Oils from Italy in 2022:

United States (1323.3 tons)
Netherlands (924.0 tons)
France (778.4 tons)
Germany (664.4 tons)
Singapore (341.4 tons)
China (258.6 tons)
United Kingdom (175.8 tons)
Portugal (151.2 tons)
Brazil (149.1 tons)
Switzerland (131.2 tons)
India (107.2 tons)
Spain (105.6 tons)
Ireland (100.3 tons)

Essential Oils Imports in Italy

In 2022, the amount of essential oils imported into Italy surged to 4.6K tons, with an increase of 39% against the previous year. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, essential oils imports soared to $94M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.5% 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 increased by +50.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Essential Oils in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	24.6	25.5	27.0	31.7	8.8%
Spain	9.8	10.4	12.7	15.0	15.2%
Netherlands	3.1	2.5	7.7	14.2	66.1%
Germany	9.3	8.4	8.4	12.5	10.4%
Brazil	1.3	0.8	1.1	3.7	41.7%
Austria	2.1	2.9	2.7	1.8	-5.0%
United States	1.4	1.3	2.2	1.7	6.7%
Mexico	0.4	0.3	0.6	1.4	51.8%
Argentina	0.4	0.2	0.4	1.4	51.8%
China	1.0	1.6	1.3	1.2	6.3%
United Kingdom	3.4	4.0	1.2	0.6	-43.9%
Others	6.1	4.9	9.5	9.0	13.8%
Total	62.8	62.8	74.8	94.2	14.5%

Top Suppliers of Essential Oils to Italy in 2022:

France (1367.3 tons)
Spain (975.6 tons)
Germany (844.6 tons)
Netherlands (571.1 tons)
Brazil (275.2 tons)
Mexico (91.0 tons)
Argentina (83.9 tons)
United States (78.8 tons)
China (59.3 tons)
Austria (40.4 tons)
United Kingdom (10.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the essential oils market in Italy. 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:

Italy

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Italy
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023