Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in the United States - 2023
Contents:
- Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in the United States (CIF) - 2023
- Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in the United States (FOB) - 2023
- Imports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in the United States
- Exports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in the United States
Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in the United States (CIF) - 2023
The average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $12,609 per ton in December 2023, growing by 2.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.4%. The growth pace was the most rapid in February 2023 when the average import price increased by 21% against the previous month. Over the period under review, average import prices hit record highs at $15,383 per ton in May 2023; however, from June 2023 to December 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Argentina ($27,000 per ton), while the price for Germany ($7,690 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Argentina (+6.1%), 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 the United States (FOB) - 2023
In December 2023, the average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses amounted to $24,520 per ton, rising by 12% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The pace of growth was the most pronounced in January 2023 when the average export price increased by 31% against the previous month. The export price peaked at $31,762 per ton in May 2023; however, from June 2023 to December 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Ireland ($90,170 per ton), while the average price for exports to Japan ($9,292 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+8.5%), 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 the United States
In 2022, the amount of oils, essential; of orange (terpeneless or not), including concretes and absoluteses imported into the United States surged to 21K tons, rising by 35% compared with 2021 figures. The total import volume increased at an average annual rate of +8.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses soared to $197M in 2022. Over the period under review, imports recorded resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 55.3 | 58.0 | 52.6 | 83.7 | 14.8% |
| Mexico | 27.0 | 8.8 | 19.1 | 45.3 | 18.8% |
| Canada | 5.8 | 6.2 | 8.5 | 16.5 | 41.7% |
| Germany | 6.9 | 6.8 | 10.6 | 14.7 | 28.7% |
| Italy | 1.9 | 2.8 | 4.4 | 14.4 | 96.4% |
| Costa Rica | 7.0 | 3.7 | 5.7 | 9.0 | 8.7% |
| Spain | 0.8 | 0.9 | 1.1 | 3.4 | 62.0% |
| Others | 10.3 | 7.2 | 7.9 | 10.0 | -1.0% |
| Total | 115 | 94.3 | 110 | 197 | 19.7% |
Top Suppliers of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes to the United States in 2022:
- Brazil (10.4K tons)
- Mexico (5.0K tons)
- Germany (1.4K tons)
- Canada (1.1K tons)
- Italy (1.0K tons)
- Costa Rica (1.0K tons)
- Spain (0.3K tons)
Exports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in the United States
In 2022, shipments abroad of oils, essential; of orange (terpeneless or not), including concretes and absoluteses was finally on the rise to reach 7K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a deep setback.
In value terms, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses skyrocketed to $128M in 2022. The total export value increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in years to come.
| Export of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.8 | 12.2 | 12.8 | 17.4 | 5.5% |
| Ireland | 15.4 | 11.5 | 13.2 | 12.5 | -6.7% |
| Singapore | 9.5 | 5.0 | 6.2 | 8.8 | -2.5% |
| Switzerland | 6.3 | 4.5 | 4.8 | 8.7 | 11.4% |
| Japan | 11.5 | 3.9 | 4.4 | 8.6 | -9.2% |
| Netherlands | 8.8 | 9.0 | 13.0 | 8.3 | -1.9% |
| Mexico | 4.9 | 4.5 | 6.3 | 8.1 | 18.2% |
| India | 3.4 | 1.9 | 3.6 | 7.9 | 32.4% |
| Canada | 3.2 | 4.2 | 4.9 | 4.9 | 15.3% |
| United Kingdom | 5.4 | 3.5 | 4.1 | 4.3 | -7.3% |
| Indonesia | 2.5 | 2.9 | 2.9 | 4.0 | 17.0% |
| Argentina | 1.1 | 1.2 | 1.0 | 2.8 | 36.5% |
| Italy | 2.8 | 0.8 | 1.0 | 0.9 | -31.5% |
| Others | 17.7 | 23.6 | 31.2 | 30.6 | 20.0% |
| Total | 107 | 88.5 | 110 | 128 | 6.2% |
Top Export Markets for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes from the United States in 2022:
- Japan (1001.7 tons)
- Mexico (644.3 tons)
- Netherlands (557.5 tons)
- Switzerland (548.0 tons)
- Singapore (515.2 tons)
- India (511.0 tons)
- Canada (402.1 tons)
- Ireland (357.6 tons)
- China (294.6 tons)
- United Kingdom (281.8 tons)
- Italy (197.1 tons)
- Indonesia (181.6 tons)
- Argentina (166.2 tons)
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