Venezuela - Essential Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingEssential Oils Price in Venezuela - 2022
Contents:
- Essential Oils Price in Venezuela (CIF) - 2022
- Essential Oils Price in Venezuela (FOB) - 2022
- Essential Oils Imports in Venezuela
- Essential Oils Exports in Venezuela
Essential Oils Price in Venezuela (CIF) - 2022
In 2022, the average essential oils import price amounted to $12,480 per ton, picking up by 23% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, essential oils import price increased by +5.6% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 84% against the previous year. Over the period under review, average import prices reached the maximum at $18,987 per ton in 2017; however, from 2018 to 2022, 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 Germany ($85,678 per ton), while the price for the United States ($6,129 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+80.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Essential Oils Price in Venezuela (FOB) - 2022
In 2022, the average essential oils export price amounted to $31,173 per ton, declining by -10% against the previous year. In general, the export price, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2016 an increase of 168% against the previous year. Over the period under review, the average export prices hit record highs at $72,277 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($120,662 per ton), while the average price for exports to New Zealand ($872 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 Spain (+78.0%), while the prices for the other major destinations experienced more modest paces of growth.
Essential Oils Imports in Venezuela
After three years of growth, supplies from abroad of essential oils decreased by -41% to 37 tons in 2022. Over the period under review, imports, however, showed significant growth. The growth pace was the most rapid in 2021 when imports increased by 225% against the previous year. As a result, imports attained the peak of 62 tons, and then contracted notably in the following year.
In value terms, essential oils imports plummeted to $456K in 2022. In general, imports, however, saw a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 122% against the previous year. As a result, imports attained the peak of $630K, and then reduced remarkably in the following year.
| Import of Essential Oils in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 72.5 | 84.2 | 35.5 | 120 | 18.3% |
| Colombia | 8.8 | 20.2 | 48.8 | 112 | 133.5% |
| United States | 41.1 | 62.4 | 293 | 80.1 | 24.9% |
| India | 32.3 | 10.2 | 21.0 | 39.6 | 7.0% |
| Brazil | 24.7 | 13.1 | 9.9 | 23.9 | -1.1% |
| Guatemala | N/A | N/A | 112 | 16.6 | -85.2% |
| China | 2.2 | N/A | 19.5 | N/A | 197.7% |
| Others | 110 | 93.0 | 90.2 | 63.9 | -16.6% |
| Total | 292 | 283 | 630 | 456 | 16.0% |
Top Suppliers of Essential Oils to Venezuela in 2022:
- United States (13.1 tons)
- Colombia (11.4 tons)
- Spain (8.6 tons)
- Brazil (1.3 tons)
- India (0.8 tons)
- Guatemala (0.6 tons)
Essential Oils Exports in Venezuela
In 2022, shipments abroad of essential oils decreased by -14.7% to 4.3 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 170%. As a result, the exports reached the peak of 5.1 tons, and then declined in the following year.
In value terms, essential oils exports shrank dramatically to $136K in 2022. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 87% against the previous year. As a result, the exports attained the peak of $177K, and then reduced markedly in the following year.
| Export of Essential Oils in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | N/A | N/A | 43.3 | 74.8 | 72.7% |
| Switzerland | N/A | N/A | N/A | 17.9 | 0% |
| France | N/A | N/A | 66.3 | 12.7 | -80.8% |
| Argentina | N/A | N/A | 5.1 | 12.3 | 141.2% |
| Singapore | N/A | N/A | 1.4 | 6.9 | 392.9% |
| Austria | 1.1 | 2.0 | 5.4 | 5.0 | 65.7% |
| New Zealand | N/A | N/A | N/A | 0.6 | 0% |
| United Kingdom | N/A | N/A | 19.4 | N/A | 0% |
| Costa Rica | 62.1 | 75.3 | N/A | N/A | 21.3% |
| Others | N/A | 17.1 | 35.6 | 5.4 | -43.8% |
| Total | 63.2 | 94.5 | 177 | 136 | 29.1% |
Top Export Markets for Essential Oils from Venezuela in 2022:
- Brazil (2585.0 kg)
- New Zealand (734.0 kg)
- Singapore (237.0 kg)
- Austria (198.0 kg)
- France (148.0 kg)
- Switzerland (148.0 kg)
- Argentina (122.0 kg)
This report provides an in-depth analysis of the essential oils market in Venezuela. 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:
- Venezuela
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Venezuela
- 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
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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.
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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...
6364
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...
214
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.
1483
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...
6364
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...
