Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Thailand - 2024

Contents:

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

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

The average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $9,128 per ton in 2022, increasing by 31% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 41%. The import price peaked at $13,228 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($23,802 per ton), while the price for the United States ($6,424 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.4%), 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 Thailand (FOB) - 2022

The average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $5,706 per ton in 2022, rising by 2.9% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 303%. The export price peaked at $25,357 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($6,714 per ton), while the average price for exports to the Philippines ($5,693 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 Vietnam (+33.3%), while the prices for the other major destinations experienced a decline.

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

After three years of growth, purchases abroad of oils, essential; of orange (terpeneless or not), including concretes and absoluteses decreased by -7.1% to 248 tons in 2022. The total import volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 16%.

In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses soared to $2.3M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +8.9% 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 increased by +66.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 36%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

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

1. United States (143.3 tons)
2. Germany (45.3 tons)
3. Brazil (24.5 tons)
4. United Kingdom (8.5 tons)
5. Singapore (6.9 tons)
6. Spain (5.7 tons)
7. Italy (4.8 tons)
8. China (3.8 tons)

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

In 2022, approx. 43 tons of oils, essential; of orange (terpeneless or not), including concretes and absoluteses were exported from Thailand; rising by 16% compared with the previous year. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +13.1% 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 +51.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 31%. Over the period under review, the exports of reached the maximum 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 soared to $247K in 2022. Overall, total exports indicated a temperate expansion from 2019 to 2022: its value increased at an average annual rate of +3.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 42% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in years to come.

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

1. Philippines (42.5 tons)
2. Vietnam (0.7 tons)

Source: IndexBox Market Intelligence Platform