Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Greece - 2023

Contents:

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

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

The average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $9,168 per ton in 2022, surging by 38% against the previous year. Over the period under review, the export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2019 an increase of 101%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($10,882 per ton), while the average price for exports to Turkey ($5,047 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 the United States (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses amounted to $19,941 per ton, picking up by 30% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the average import price increased by 35%. The import price peaked in 2022 and is likely to see steady growth in the near future.

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 the Netherlands ($120,692 per ton), while the price for Egypt ($2,734 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, after three years of growth, there was significant decline in overseas shipments of oils, essential; of orange (terpeneless or not), including concretes and absoluteses, when their volume decreased by -59% to 87 tons. In general, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 when exports increased by 152%.

In value terms, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses dropped significantly to $800K in 2022. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 129%.

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

1. Germany (25.2 tons)
2. Netherlands (20.5 tons)
3. Canada (19.0 tons)
4. United States (15.5 tons)
5. Turkey (3.6 tons)
6. Italy (0.1 tons)

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

After three years of growth, purchases abroad of oils, essential; of orange (terpeneless or not), including concretes and absoluteses decreased by -21.9% to 18 tons in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 29%.

In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses expanded modestly to $367K in 2022. The total import value increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 40% against the previous year. As a result, imports reached the peak of $405K. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. Egypt (8.4 tons)
2. Germany (3.1 tons)
3. Spain (3.0 tons)
4. France (1.9 tons)
5. Cyprus (0.4 tons)
6. Netherlands (0.3 tons)
7. Italy (0.3 tons)
8. United Kingdom (0.2 tons)

Source: IndexBox Market Intelligence Platform