Report Update: Apr 1, 2024

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

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Essential Oils Price in Japan - 2023

Essential Oils Price in Japan (CIF) - 2023

In September 2023, the average essential oils import price amounted to $47,050 per ton, increasing by 94% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The import price peaked at $47,234 per ton in September 2022; however, from October 2022 to September 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the UK ($101K per ton), while the price for Brazil ($10,424 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 (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Essential Oils Price in Japan (FOB) - 2023

The average essential oils export price stood at $122K per ton in September 2023, growing by 105% against the previous month. In general, the export price enjoyed prominent growth. The most prominent rate of growth was recorded in January 2023 an increase of 124% month-to-month. As a result, the export price attained the peak level of $122K per ton. From February 2023 to September 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($616K per ton), while the average price for exports to Indonesia ($13,916 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 Singapore (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Essential Oils Imports in Japan

In 2022, supplies from abroad of essential oils decreased by -19.6% to 3.6K tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 44% against the previous year. As a result, imports attained the peak of 8.5K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, essential oils imports expanded remarkably to $147M in 2022. Over the period under review, imports continue to indicate a deep downturn.

Import of Essential Oils in Japan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	66.0	61.5	47.9	53.7	-6.6%
India	28.4	21.0	16.6	16.5	-16.6%
France	19.2	17.0	17.7	16.4	-5.1%
Germany	9.3	7.7	7.9	9.3	0.0%
Brazil	29.6	16.0	3.7	8.0	-35.3%
Italy	7.2	9.4	8.2	7.9	3.1%
United Kingdom	5.3	5.2	4.9	6.5	7.0%
China	5.2	5.0	3.7	4.3	-6.1%
Ireland	0.5	0.7	0.5	0.6	6.3%
Others	25.3	22.7	22.4	24.1	-1.6%
Total	196	166	133	147	-9.1%

Top Suppliers of Essential Oils to Japan in 2022:

United States (1550.6 tons)
India (785.3 tons)
Germany (222.8 tons)
United Kingdom (162.6 tons)
Italy (159.8 tons)
Ireland (148.4 tons)
China (138.0 tons)
France (98.7 tons)
Brazil (63.5 tons)

Essential Oils Exports in Japan

In 2022, overseas shipments of essential oils were finally on the rise to reach 111 tons after two years of decline. Overall, exports, however, recorded a pronounced decrease.

In value terms, essential oils exports contracted to $6.7M in 2022. In general, exports, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 5.8%. As a result, the exports attained the peak of $8M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Essential Oils in Japan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2,557	1,885	2,508	1,670	-13.2%
Thailand	1,176	1,086	907	1,314	3.8%
Singapore	791	586	636	1,050	9.9%
United States	621	1,020	761	728	5.4%
Taiwan (Chinese)	1,245	1,437	737	681	-18.2%
Indonesia	84.8	70.8	299	420	70.5%
South Korea	371	466	363	332	-3.6%
Vietnam	77.1	173	31.7	50.6	-13.1%
Others	647	1,290	840	498	-8.4%
Total	7,571	8,014	7,083	6,745	-3.8%

Top Export Markets for Essential Oils from Japan in 2022:

Thailand (35.5 tons)
China (34.4 tons)
Taiwan (Chinese) (12.0 tons)
Singapore (7.5 tons)
South Korea (7.2 tons)
Indonesia (6.4 tons)
United States (2.3 tons)
Vietnam (1.9 tons)

Source: IndexBox Market Intelligence Platform

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

Japan

Data coverage:

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