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

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

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Pakistan: Essential Oils Market 2023

Essential Oils Market Size in Pakistan

The Pakistani essential oils market totaled $X in 2021, growing by 7.3% against the previous year. Overall, consumption saw resilient growth. Essential oils consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Essential Oils Production in Pakistan

In value terms, essential oils production amounted to $X in 2021 estimated in export price. Overall, production recorded a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 173% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Essential Oils Exports

Exports from Pakistan

In 2021, overseas shipments of essential oils increased by 151% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, essential oils exports skyrocketed to $X in 2021. In general, exports showed buoyant growth. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for essential oils exports from Pakistan, with a 88% share of total exports. Moreover, essential oils exports to the United Arab Emirates exceeded the volume sent to the second major destination, Uruguay (X tons), more than tenfold. The third position in this ranking was taken by the UK (X tons), with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +79.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+125.7% per year) and the UK (+64.5% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for essential oils exports from Pakistan, comprising 61% of total exports. The second position in the ranking was held by the UK ($X), with a 16% share of total exports. It was followed by Uruguay, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates amounted to +93.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+95.3% per year) and Uruguay (+46.3% per year).

Export Prices by Country

In 2021, the average essential oils export price amounted to $X per ton, surging by 11% against the previous year. In general, the export price, however, continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2015 an increase of 119%. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to the United Arab Emirates ($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 the UK (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.

Essential Oils Imports

Imports into Pakistan

In 2021, overseas purchases of essential oils were finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 59%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, essential oils imports rose sharply to $X in 2021. In general, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 108%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest essential oils supplier to Pakistan, with a 40% share of total imports. Moreover, essential oils imports from the United States exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. China (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to -3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+98.0% per year) and China (+0.2% per year).

In value terms, the United States ($X) constituted the largest supplier of essential oils to Pakistan, comprising 51% of total imports. The second position in the ranking was taken by Uruguay ($X), with a 10% share of total imports. It was followed by China, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (+16.1% per year) and China (+6.0% per year).

Import Prices by Country

The average essential oils import price stood at $X per ton in 2021, shrinking by -20.1% against the previous year. In general, the import price, however, continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2016 an increase of 30%. The import price peaked at $X per ton in 2020, and then contracted sharply in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+11.9%), 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, together accounting for 29% of global consumption. These countries were followed by France, India, the UK, Brazil, Japan, Pakistan, Spain, Malaysia, Ireland and Indonesia, which together accounted for 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, with a combined 37% share of global production. Germany, the United Arab Emirates, France, Spain, Argentina, Pakistan, Russia, the UK, Italy and Madagascar lagged somewhat behind, together comprising a further 30%.
What are the leading suppliers of essential oils to Pakistan?
+
In value terms, the United States constituted the largest supplier of essential oils to Pakistan, comprising 51% of total imports. The second position in the ranking was held by Uruguay, with a 10% share of total imports. It was followed by China, with an 8% share.
What are the leading importers of essential oils from Pakistan?
+
In value terms, the United Arab Emirates remains the key foreign market for essential oils exports from Pakistan, comprising 61% of total exports. The second position in the ranking was held by the UK, with a 16% share of total exports. It was followed by Uruguay, with a 13% share.
What is the average export price for essential oils in Pakistan?
+
In 2021, the average essential oils export price amounted to $8,122 per ton, growing by 11% against the previous year.
What is the average import price for essential oils in Pakistan?
+
The average essential oils import price stood at $15,368 per ton in 2021, dropping by -20.1% against the previous year.

This report provides an in-depth analysis of the essential oils market in Pakistan. 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:
• Pakistan

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Pakistan
• 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

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

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

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

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

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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