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

Contents:

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

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

The average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $9,314 per ton in 2022, remaining relatively unchanged against the previous year. In general, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses decreased by -3.1% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 53% against the previous year. Over the period under review, the average export prices hit record highs at $11,696 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($12,325 per ton), while the average price for exports to China stood at $9,203 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses amounted to $25,487 per ton, picking up by 43% against the previous year. In general, the import price posted a remarkable increase. The growth pace was the most rapid in 2017 an increase of 74%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($28,820 per ton), while the price for the United States totaled $22,219 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+90.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, approx. 21 tons of oils, essential; of orange (terpeneless or not), including concretes and absoluteses were exported from Hong Kong SAR; with an increase of 9.8% compared with the previous year. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +17.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -15.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 94% against the previous year. As a result, the exports reached the peak of 25 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses rose significantly to $195K in 2022. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 168%. As a result, the exports attained the peak of $238K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. China (20.1 tons)
2. United States (0.7 tons)

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

In 2022, approx. 1.2 tons of oils, essential; of orange (terpeneless or not), including concretes and absoluteses were imported into Hong Kong SAR; reducing by -77.6% against 2021. In general, imports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year.

In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses fell markedly to $32K in 2022. Overall, imports faced a precipitous descent. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year.

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

1. United States (627.0 kg)
2. Japan (615.0 kg)

Source: IndexBox Market Intelligence Platform