Malaysia - Essential Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingEssential Oils Price in Malaysia - 2021
Contents:
- Essential Oils Price in Malaysia (CIF) - 2022
- Essential Oils Price in Malaysia (FOB) - 2022
- Essential Oils Imports in Malaysia
- Essential Oils Exports in Malaysia
Essential Oils Price in Malaysia (CIF) - 2022
In 2022, the average essential oils import price amounted to $17,834 per ton, picking up by 6.4% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 45% against the previous year. As a result, import price attained the peak level of $22,748 per ton. From 2020 to 2022, the average import prices remained at a 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 India ($58,618 per ton), while the price for Thailand ($7,400 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Essential Oils Price in Malaysia (FOB) - 2022
In 2022, the average essential oils export price amounted to $9,235 per ton, increasing by 27% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($16,803 per ton), while the average price for exports to Brunei Darussalam ($2,828 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 Guam (+23.3%), while the prices for the other major destinations experienced more modest paces of growth.
Essential Oils Imports in Malaysia
In 2022, overseas purchases of essential oils decreased by -26% to 1.7K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +13.2% 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 +45.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53%. As a result, imports reached the peak of 2.3K tons, and then fell significantly in the following year.
In value terms, essential oils imports contracted markedly to $30M in 2022. The total import value increased at an average annual rate of +4.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 31% against the previous year. As a result, imports attained the peak of $38M, and then declined markedly in the following year.
Import of Essential Oils in Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 11.3 | 15.4 | 20.1 | 15.0 | 9.9% |
China | 3.8 | 3.0 | 3.8 | 3.2 | -5.6% |
Singapore | 1.7 | 0.9 | 1.1 | 2.8 | 18.1% |
Indonesia | 0.9 | 0.9 | 1.3 | 1.1 | 6.9% |
Australia | 0.8 | 0.8 | 1.2 | 0.8 | 0.0% |
United Kingdom | 0.8 | 0.5 | 1.0 | 0.4 | -20.6% |
Thailand | 0.6 | 0.4 | 0.3 | 0.4 | -12.6% |
Others | 6.6 | 7.4 | 9.6 | 6.7 | 0.5% |
Total | 26.6 | 29.4 | 38.4 | 30.3 | 4.4% |
Top Suppliers of Essential Oils to Malaysia in 2022:
- United States (1043.7 tons)
- China (229.3 tons)
- Singapore (140.2 tons)
- Indonesia (55.8 tons)
- Thailand (53.3 tons)
- Australia (27.6 tons)
- United Kingdom (16.2 tons)
Essential Oils Exports in Malaysia
In 2022, the amount of essential oils exported from Malaysia stood at 530 tons, picking up by 7.8% on the previous year. The total export volume increased at an average annual rate of +9.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 24%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, essential oils exports soared to $4.9M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.9% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Essential Oils in Malaysia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 256 | 416 | 807 | 1,038 | 59.5% |
Singapore | 381 | 271 | 337 | 376 | -0.4% |
United Arab Emirates | 350 | 336 | 46.7 | 374 | 2.2% |
Indonesia | 95.1 | 82.0 | 136 | 267 | 41.1% |
Australia | 138 | 299 | 242 | 265 | 24.3% |
Bahrain | 134 | 177 | 190 | 252 | 23.4% |
Thailand | 187 | 174 | 122 | 212 | 4.3% |
Guam | 111 | 212 | 104 | 173 | 15.9% |
New Zealand | 12.3 | 71.8 | 130 | 160 | 135.2% |
United Kingdom | 122 | 47.2 | 106 | 139 | 4.4% |
China | 39.3 | 31.7 | 35.4 | 111 | 41.4% |
Denmark | 4.2 | 64.0 | 90.2 | 110 | 197.0% |
Brunei Darussalam | 18.5 | 30.8 | 47.4 | 105 | 78.4% |
Others | 1,232 | 1,372 | 1,171 | 1,312 | 2.1% |
Total | 3,079 | 3,585 | 3,563 | 4,893 | 16.7% |
Top Export Markets for Essential Oils from Malaysia in 2022:
- France (118.9 tons)
- Bahrain (47.2 tons)
- Australia (39.9 tons)
- Brunei Darussalam (37.1 tons)
- New Zealand (35.4 tons)
- Singapore (27.6 tons)
- United Arab Emirates (22.3 tons)
- United Kingdom (20.9 tons)
- Thailand (20.0 tons)
- China (18.9 tons)
- Indonesia (18.3 tons)
- Denmark (14.9 tons)
- Guam (13.7 tons)
This report provides an in-depth analysis of the essential oils market in Malaysia. 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:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- 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 Malaysia.
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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 Malaysia.
This report provides an in-depth analysis of the resinoids market in Malaysia.
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...