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

Contents:

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

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

The average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $12,010 per ton in 2022, growing by 24% against the previous year. In general, the import price posted a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of 55%. Over the period under review, average import prices reached the maximum at $12,244 per ton in 2018; however, from 2019 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 ($52,997 per ton), while the price for Lebanon ($2,225 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+5.7%), 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 Australia (FOB) - 2022

The average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $27,263 per ton in 2022, shrinking by -20.7% against the previous year. In general, the export price, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 55%. The export price peaked at $34,374 per ton in 2021, and then fell sharply in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($94,319 per ton), while the average price for exports to Papua New Guinea ($5,132 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 Spain (+26.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, after three years of growth, there was significant decline in supplies from abroad of oils, essential; of orange (terpeneless or not), including concretes and absoluteses, when their volume decreased by -34.2% to 272 tons. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 24%.

In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses shrank significantly to $3.3M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +5.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 56%. As a result, imports attained the peak of $4M, and then fell significantly in the following year.

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

1. Brazil (158.7 tons)
2. United States (60.2 tons)
3. United Kingdom (10.5 tons)
4. Lebanon (10.0 tons)
5. Italy (8.6 tons)
6. Germany (8.4 tons)
7. Mexico (2.5 tons)

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

In 2022, shipments abroad of oils, essential; of orange (terpeneless or not), including concretes and absoluteses decreased by -55% to 31 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 40% against the previous year. As a result, the exports attained the peak of 79 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses fell significantly to $836K in 2022. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 117% against the previous year.

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

1. New Zealand (9.2 tons)
2. Philippines (8.7 tons)
3. Singapore (2.0 tons)
4. France (1.8 tons)
5. United Kingdom (1.4 tons)
6. Spain (1.2 tons)
7. Taiwan (Chinese) (1.1 tons)
8. Papua New Guinea (1.1 tons)
9. Japan (1.0 tons)
10. South Korea (1.0 tons)
11. Canada (0.3 tons)
12. Switzerland (0.3 tons)
13. China (0.2 tons)

Source: IndexBox Market Intelligence Platform