Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in France - 2023

Contents:

  1. Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in France (CIF) - 2023
  2. Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in France (FOB) - 2022
  3. Imports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in France
  4. Exports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in France

Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in France (CIF) - 2023

The average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $18,088 per ton in November 2023, waning by -27.3% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 an increase of 73% m-o-m. As a result, import price reached the peak level of $38,315 per ton. From August 2023 to November 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($131K per ton), while the price for Germany ($8,582 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Ireland (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in France (FOB) - 2022

In 2022, the average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses amounted to $20,141 per ton, rising by 12% against the previous year. In general, the export price, however, continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by 26% against the previous year. The export price peaked at $31,911 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($93,174 per ton), while the average price for exports to Algeria ($12,070 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 Thailand (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in France

In 2022, the amount of oils, essential; of orange (terpeneless or not), including concretes and absoluteses imported into France surged to 2.3K tons, rising by 17% on 2021 figures. The total import volume increased at an average annual rate of +7.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses surged to $36M in 2022. Over the period under review, imports posted a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in France (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil7.93.46.110.08.2%
Italy3.92.55.25.612.8%
United Kingdom2.31.82.23.515.0%
Ireland1.61.62.53.023.3%
Germany1.82.32.02.917.2%
Mexico0.40.81.32.481.7%
Spain0.80.71.32.035.7%
Others5.94.15.56.74.3%
Total24.617.226.136.113.6%

Top Suppliers of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes to France in 2022:

  1. Brazil (985.6 tons)
  2. United Kingdom (228.3 tons)
  3. Italy (180.9 tons)
  4. Germany (176.2 tons)
  5. Spain (171.9 tons)
  6. Mexico (164.7 tons)
  7. Ireland (145.7 tons)

Exports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in France

For the fourth consecutive year, France recorded growth in shipments abroad of oils, essential; of orange (terpeneless or not), including concretes and absoluteses, which increased by 33% to 779 tons in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 57% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses surged to $16M in 2022. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 60%. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in France (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy2,0602,2253,3936,02743.0%
Germany3183218861,70775.1%
Switzerland1551913201,339105.2%
United States5145671,6326226.6%
Belgium33039746661022.7%
United Kingdom25322137360533.7%
China23423036058335.6%
Spain831250694492-16.0%
Algeria49.720.430.0408101.7%
Mexico17.049.933.9224136.2%
Portugal1.79.26.7214401.2%
Austria25.224.974.319698.1%
Others2,0202,0672,2332,6639.6%
Total6,8096,57310,50315,69032.1%

Top Export Markets for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes from France in 2022:

  1. Italy (436.4 tons)
  2. Germany (62.5 tons)
  3. Switzerland (44.8 tons)
  4. Algeria (33.8 tons)
  5. Belgium (22.7 tons)
  6. Spain (20.4 tons)
  7. United Kingdom (17.1 tons)
  8. Austria (16.2 tons)
  9. Mexico (14.9 tons)
  10. Portugal (14.4 tons)
  11. China (13.4 tons)
  12. United States (6.7 tons)

Source: IndexBox Market Intelligence Platform

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