France: Essential Oils Market 2023

Essential Oils Market Size in France

In 2021, after two years of decline, there was significant growth in the French essential oils market, when its value increased by 5.5% to $X. The market value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Essential Oils Production in France

In value terms, essential oils production rose slightly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 18% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Essential Oils Exports

Exports from France

In 2021, approx. X tons of essential oils were exported from France; standing approx. at the previous year. Overall, total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +23.7% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of 33%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, essential oils exports reached $X in 2021. In general, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +8.2% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 22% 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), Germany (X tons) and Italy (X tons) were the main destinations of essential oils exports from France, with a combined 45% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +21.1%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for essential oils exports from France, comprising 23% of total exports. The second position in the ranking was taken by Germany ($X), with an 11% share of total exports. It was followed by Switzerland, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+4.3% per year) and Switzerland (+7.3% per year).

Export Prices by Country

The average essential oils export price stood at $X per ton in 2021, picking up by 5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2019 when the average export price increased by 32%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Italy ($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 Switzerland (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Essential Oils Imports

Imports into France

For the fourth consecutive year, France recorded growth in overseas purchases of essential oils, which increased by 3.9% to X tons in 2021. The total import volume increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 13% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, essential oils imports expanded significantly to $X in 2021. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 22% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Brazil (X tons) and India (X tons) were the main suppliers of essential oils imports to France, together accounting for 30% of total imports. Belgium, Spain, Italy, Indonesia, the UK, the United States, Germany, Madagascar, Morocco and Mexico lagged somewhat behind, together accounting for a further 51%.

From 2012 to 2021, the biggest increases were in Mexico (with a CAGR of +24.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest essential oils suppliers to France were India ($X), Italy ($X) and Indonesia ($X), together comprising 25% of total imports. China, Spain, Morocco, the United States, Madagascar, Belgium, the UK, Germany, Brazil and Mexico lagged somewhat behind, together accounting for a further 39%.

Among the main suppliers, Mexico, with a CAGR of +15.7%, recorded the highest rates of growth with regard to 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

The average essential oils import price stood at $X per ton in 2021, increasing by 8.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2017 an increase of 15% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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