Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Ghana - 2022
Contents:
- Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Ghana (CIF) - 2022
- Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Ghana (FOB) - 2022
- Imports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Ghana
- Exports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Ghana
Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Ghana (CIF) - 2022
In 2022, the average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses amounted to $9,100 per ton, with an increase of 31% against the previous year. Over the period under review, the import price showed a resilient increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 68% against the previous year. As a result, import price attained the peak level of $15,246 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($11,679 per ton), while the price for the UK ($7,416 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Ghana (FOB) - 2022
In 2022, the average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses amounted to $5,140 per ton, shrinking by -23.8% against the previous year. Overall, the export price showed a drastic downturn. The pace of growth appeared the most rapid in 2014 when the average export price increased by 25% against the previous year. As a result, the export price attained the peak level of $39,905 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to -15.7% per year.
Imports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Ghana
After three years of growth, overseas purchases of oils, essential; of orange (terpeneless or not), including concretes and absoluteses decreased by -17.1% to 12 tons in 2022. Overall, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 52%. As a result, imports reached the peak of 14 tons, and then dropped rapidly in the following year.
In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses expanded remarkably to $107K in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +12.9% 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 decreased by -7.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 55%. As a result, imports reached the peak of $116K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 36.2 | 53.2 | 52.9 | 61.7 | 19.5% |
| Netherlands | 5.5 | 25.1 | 14.6 | 19.9 | 53.5% |
| United Kingdom | 10.2 | 9.1 | 14.1 | 3.0 | -33.5% |
| Egypt | 3.2 | N/A | N/A | N/A | 0% |
| Others | 19.3 | 28.4 | 17.2 | 22.6 | 5.4% |
| Total | 74.5 | 116 | 98.8 | 107 | 12.8% |
Top Suppliers of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes to Ghana in 2022:
- China (7.9 tons)
- Netherlands (1.7 tons)
- United Kingdom (0.4 tons)
Exports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Ghana
Exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses from Ghana surged to 21 tons in 2022, picking up by 27% on 2021. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +14.2% 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 +68.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses dropped to $105K in 2022. In general, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 6.8%.
| Export of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 31.4 | 50.6 | 109 | 66.2 | 28.2% |
| Others | 147 | 51.3 | N/A | 39.2 | -35.6% |
| Total | 179 | 102 | 109 | 105 | -16.3% |
Top Export Markets for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes from Ghana in 2022:
- Netherlands (12.7 tons)
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