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

Contents:

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

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

The average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $12,950 per ton in 2022, growing by 3.9% against the previous year. In general, the import price, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 47%. As a result, import price attained the peak level of $20,951 per ton. From 2020 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 France ($27,967 per ton), while the price for Austria ($10,930 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.5%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses amounted to $96,930 per ton, picking up by 10% against the previous year. Overall, the export price saw strong growth. The pace of growth was the most pronounced in 2021 an increase of 250% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($128,444 per ton), while the average price for exports to Montenegro ($36,750 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 Sweden (+38.1%), 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 Serbia

After three years of growth, overseas purchases of oils, essential; of orange (terpeneless or not), including concretes and absoluteses decreased by -7.4% to 3 tons in 2022. In general, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 188%. As a result, imports reached the peak of 3.2 tons, and then shrank in the following year.

In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses fell to $39K in 2022. Over the period under review, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 129% against the previous year. As a result, imports attained the peak of $40K, and then fell in the following year.

Import of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
AustriaN/A6.527.223.188.5%
Brazil6.82.33.36.5-1.5%
France4.33.42.05.05.2%
Italy0.2N/A1.03.1149.3%
Germany0.52.65.90.711.9%
Others0.72.91.00.6-5.0%
Total12.517.640.538.946.0%

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

  1. Austria (2110.0 kg)
  2. Brazil (464.0 kg)
  3. Italy (182.0 kg)
  4. France (180.0 kg)
  5. Germany (58.0 kg)

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

In 2022, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses from Serbia surged to 43 kg, increasing by 139% on 2021 figures. In general, exports, however, continue to indicate a dramatic downturn.

In value terms, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses skyrocketed to $4.2K in 2022. Overall, exports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 270% against the previous year.

Export of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Serbia (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Sweden2,879N/A8463,4686.4%
Bosnia and Herzegovina11220070555370.3%
Montenegro13322730.01473.4%
North Macedonia1,075N/AN/AN/A0%
Albania705N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total4,9044271,5814,168-5.3%

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

  1. Sweden (27.0 kg)
  2. Bosnia and Herzegovina (12.0 kg)
  3. Montenegro (4.0 kg)

Source: IndexBox Market Intelligence Platform

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