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

Contents:

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

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

The average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $32,020 per ton in 2022, picking up by 23% against the previous year. In general, the import price recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 an increase of 104%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($49,522 per ton), while the price for the Czech Republic ($14,273 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+58.4%), 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 Slovakia (FOB) - 2022

The average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $16,771 per ton in 2022, reducing by -32% against the previous year. Overall, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 53%. Over the period under review, the average export prices hit record highs at $31,396 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($25,278 per ton), while the average price for exports to Latvia ($12,600 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 France (+182.8%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, overseas purchases of oils, essential; of orange (terpeneless or not), including concretes and absoluteses decreased by -5.5% to 3.6 tons, falling for the second year in a row after two years of growth. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +10.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -12.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 54% against the previous year. As a result, imports attained the peak of 4.1 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses surged to $116K in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.7% 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 increased by +58.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 54% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

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

1. Netherlands (1103.0 kg)
2. Germany (1011.0 kg)
3. Czech Republic (520.0 kg)
4. Brazil (313.0 kg)
5. Poland (273.0 kg)
6. Austria (143.0 kg)
7. Hungary (63.0 kg)
8. United Kingdom (18.0 kg)
9. Belgium (3.0 kg)

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

In 2022, the amount of oils, essential; of orange (terpeneless or not), including concretes and absoluteses exported from Slovakia plummeted to 297 kg, waning by -23.5% compared with the year before. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 253%. As a result, the exports reached the peak of 388 kg, and then declined dramatically in the following year.

In value terms, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses contracted markedly to $5K in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 230% against the previous year. As a result, the exports reached the peak of $9.6K, and then plummeted in the following year.

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

1. Poland (45.0 kg)
2. Czech Republic (42.0 kg)
3. Germany (22.0 kg)
4. Romania (18.0 kg)
5. Italy (16.0 kg)
6. Austria (15.0 kg)
7. Ireland (15.0 kg)
8. Netherlands (14.0 kg)
9. Sweden (13.0 kg)
10. France (11.0 kg)
11. Belgium (11.0 kg)
12. Lithuania (10.0 kg)
13. Latvia (10.0 kg)

Source: IndexBox Market Intelligence Platform