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Report Argentina - Essential Oils - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 13, 2023

Argentina - Essential Oils - Market Analysis, Forecast, Size, Trends and Insights

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Argentina: Essential Oils Market 2023

Essential Oils Market Size in Argentina

In 2021, the Argentinian essential oils market increased by 69% to $X, rising for the fourth consecutive year after two years of decline. Overall, consumption saw strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Essential Oils Production in Argentina

In value terms, essential oils production expanded to $X in 2021 estimated in export price. Overall, the total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -15.2% against 2018 indices. The growth pace was the most rapid in 2015 with an increase of 94% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Essential Oils Exports

Exports from Argentina

In 2021, approx. X tons of essential oils were exported from Argentina; with a decrease of -33.1% compared with the previous year's figure. Overall, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of 96% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, essential oils exports shrank rapidly to $X in 2021. Over the period under review, exports saw a perceptible decline. The growth pace was the most rapid in 2015 when exports increased by 93% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Ireland (X tons) and the Netherlands (X tons) were the main destinations of essential oils exports from Argentina, with a combined 85% share of total exports. These countries were followed by France, the UK, Canada and Brazil, which together accounted for a further 14%.

From 2012 to 2021, the biggest increases were in France (with a CAGR of +35.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Ireland ($X) and the Netherlands ($X) appeared to be the largest markets for essential oils exported from Argentina worldwide, with a combined 92% share of total exports. These countries were followed by France, the UK, Canada and Brazil, which together accounted for a further 6.7%.

France, with a CAGR of +40.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average essential oils export price amounted to $X per ton, shrinking by -7.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2014 an increase of 33% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Ireland ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Essential Oils Imports

Imports into Argentina

In 2021, essential oils imports into Argentina dropped to X tons, with a decrease of -14.1% against the previous year. Over the period under review, imports showed a noticeable decrease. The growth pace was the most rapid in 2020 with an increase of 26%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, essential oils imports reduced to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 17%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Brazil (X tons) constituted the largest essential oils supplier to Argentina, accounting for a 37% share of total imports. Moreover, essential oils imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Mexico (X tons) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil stood at -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.1% per year) and Mexico (+9.2% per year).

In value terms, the United States ($X), Brazil ($X) and France ($X) appeared to be the largest essential oils suppliers to Argentina, with a combined 44% share of total imports. These countries were followed by Italy, China, India, Mexico, Spain, Paraguay and Uruguay, which together accounted for a further 30%.

Among the main suppliers, Mexico, with a CAGR of +11.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average essential oils import price amounted to $X per ton, with an increase of 9.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 26% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for essential oils in the world?
+
The countries with the highest volumes of consumption in 2021 were Germany, China and the United States, with a combined 29% share of global consumption. France, India, the UK, Brazil, Japan, Pakistan, Spain, Malaysia, Ireland and Indonesia lagged somewhat behind, together comprising a further 31%.
What are the largest producers of essential oils in the world?
+
The countries with the highest volumes of production in 2021 were China, Brazil and India, together accounting for 37% of global production. These countries were followed by Germany, the United Arab Emirates, France, Spain, Argentina, Pakistan, Russia, the UK, Italy and Madagascar, which together accounted for a further 30%.
What are the leading suppliers of essential oils to Argentina?
+
In value terms, the largest essential oils suppliers to Argentina were the United States, Brazil and France, together accounting for 44% of total imports. These countries were followed by Italy, China, India, Mexico, Spain, Paraguay and Uruguay, which together accounted for a further 30%.
What are the leading importers of essential oils from Argentina?
+
In value terms, the United States, Ireland and the Netherlands were the largest markets for essential oils exported from Argentina worldwide, with a combined 92% share of total exports. France, the UK, Canada and Brazil lagged somewhat behind, together accounting for a further 6.7%.
What is the average export price for essential oils in Argentina?
+
In 2021, the average essential oils export price amounted to $31,538 per ton, shrinking by -7.1% against the previous year.
What is the average import price for essential oils in Argentina?
+
The average essential oils import price stood at $26,851 per ton in 2021, picking up by 9.8% against the previous year.

This report provides an in-depth analysis of the essential oils market in Argentina. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 20531020 - Essential oils
Country coverage:
• Argentina

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Argentina
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS  This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

This Chapter is Available Only for the Professional Edition PRO
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

This Chapter is Available Only for the Professional Edition PRO
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

This Chapter is Available Only for the Professional Edition PRO
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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