India - Essential Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingEssential Oils Price in India - 2023
Contents:
- Essential Oils Price in India (FOB) - 2023
- Essential Oils Price in India (CIF) - 2022
- Essential Oils Exports in India
- Essential Oils Imports in India
Essential Oils Price in India (FOB) - 2023
The average essential oils export price stood at $34,871 per ton in September 2023, approximately equating the previous month. In general, the export price posted a measured increase. The pace of growth appeared the most rapid in October 2022 when the average export price increased by 46% m-o-m. Over the period under review, the average export prices reached the peak figure in September 2023.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was France ($82,848 per ton), while the average price for exports to Indonesia ($10,451 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Essential Oils Price in India (CIF) - 2022
The average essential oils import price stood at $24,810 per ton in 2022, rising by 5.7% against the previous year. Overall, the import price enjoyed a pronounced increase. The pace of growth appeared the most rapid in 2017 when the average import price increased by 32%. Over the period under review, average import prices attained the maximum at $40,555 per ton in 2018; however, from 2019 to 2022, import prices remained at a 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 France ($65,295 per ton), while the price for Rwanda ($8,827 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Essential Oils Exports in India
In 2022, after two years of decline, there was growth in overseas shipments of essential oils, when their volume increased by 2.3% to 17K tons. In general, exports, however, faced a abrupt descent.
In value terms, essential oils exports contracted to $349M in 2022. Overall, exports, however, recorded a precipitous decline. The smallest decline of -7.8% was in 2021.
| Export of Essential Oils in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 132 | 136 | 130 | 120 | -3.1% |
| China | 44.9 | 70.8 | 56.3 | 41.2 | -2.8% |
| France | 31.4 | 38.7 | 39.5 | 37.2 | 5.8% |
| Germany | 29.1 | 29.6 | 27.6 | 27.3 | -2.1% |
| Singapore | 19.3 | 21.5 | 16.3 | 16.2 | -5.7% |
| United Kingdom | 17.2 | 18.0 | 15.2 | 14.6 | -5.3% |
| Netherlands | 12.9 | 12.2 | 13.2 | 9.2 | -10.7% |
| Japan | 15.0 | 11.8 | 9.8 | 8.4 | -17.6% |
| Oman | 0.1 | 0.1 | 0.1 | 7.1 | 314.1% |
| Brazil | 8.5 | 10.6 | 5.7 | 6.2 | -10.0% |
| Indonesia | 7.6 | 8.3 | 8.5 | 5.5 | -10.2% |
| United Arab Emirates | 3.5 | 1.3 | 2.2 | 3.0 | -5.0% |
| Hong Kong SAR | 271 | 0.9 | 0.4 | 0.9 | -85.1% |
| Others | 270 | 52.5 | 55.7 | 52.5 | -42.1% |
| Total | 862 | 413 | 380 | 349 | -26.0% |
Top Export Markets for Essential Oils from India in 2022:
- Hong Kong SAR (undefinedK tons)
- United States (4.9K tons)
- China (3.1K tons)
- Oman (2.1K tons)
- Germany (1.2K tons)
- Singapore (1.1K tons)
- United Kingdom (0.5K tons)
- Brazil (0.4K tons)
- Netherlands (0.4K tons)
- Indonesia (0.4K tons)
- France (0.4K tons)
- Japan (0.4K tons)
- United Arab Emirates (0.3K tons)
Essential Oils Imports in India
For the third consecutive year, India recorded decline in supplies from abroad of essential oils, which decreased by -5.7% to 6.3K tons in 2022. Over the period under review, imports continue to indicate a dramatic descent. The smallest decline of -4.2% was in 2021.
In value terms, essential oils imports declined to $156M in 2022. Overall, imports saw a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 15%.
| Import of Essential Oils in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 103 | 33.5 | 42.9 | 36.8 | -29.0% |
| United States | 71.4 | 14.5 | 15.8 | 20.3 | -34.2% |
| Madagascar | 35.4 | 10.5 | 14.1 | 15.1 | -24.7% |
| China | 205 | 12.9 | 14.8 | 10.2 | -63.2% |
| Brazil | 42.8 | 10.1 | 8.8 | 10.1 | -38.2% |
| France | 25.1 | 10.5 | 7.0 | 6.5 | -36.3% |
| Tanzania | 10.3 | 2.0 | 3.9 | 5.8 | -17.4% |
| Singapore | 22.3 | 6.1 | 6.7 | 5.4 | -37.7% |
| Sri Lanka | 11.3 | 3.8 | 3.9 | 4.2 | -28.1% |
| Egypt | 8.2 | 1.8 | 2.8 | 3.7 | -23.3% |
| Italy | 6.6 | 2.0 | 2.1 | 2.6 | -26.7% |
| South Africa | 4.1 | 1.3 | 0.6 | 2.1 | -20.0% |
| Rwanda | N/A | 0.3 | 0.7 | 1.1 | 91.5% |
| Others | 91.5 | 26.1 | 32.0 | 31.8 | -29.7% |
| Total | 637 | 135 | 156 | 156 | -37.4% |
Top Suppliers of Essential Oils to India in 2022:
- Brazil (1111.8 tons)
- Madagascar (1067.5 tons)
- Indonesia (1035.5 tons)
- United States (666.7 tons)
- China (558.8 tons)
- South Africa (193.6 tons)
- Singapore (174.5 tons)
- Italy (142.9 tons)
- Egypt (137.1 tons)
- Sri Lanka (124.4 tons)
- Rwanda (123.6 tons)
- Tanzania (112.5 tons)
- France (99.3 tons)
This report provides an in-depth analysis of the essential oils market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In March 2023, the price of Essential Oils was $22,262 per ton (FOB, India), showing a 6% decrease compared to the previous month.
183
Discover the leading import markets for essential oils worldwide, including key statistics and insights. Explore the demand, trends, and opportunities in the billion-dollar industry.
1462
In value terms, essential oils imports totaled $X in 2016. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over t...
6324
In value terms, essential oils exports totaled $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total exports value increased at an average annual rate of +X% over th...
265
In March 2023, the price of Essential Oils was $22,262 per ton (FOB, India), showing a 6% decrease compared to the previous month.
183
Discover the leading import markets for essential oils worldwide, including key statistics and insights. Explore the demand, trends, and opportunities in the billion-dollar industry.
1462
In value terms, essential oils imports totaled $X in 2016. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over t...
6324
In value terms, essential oils exports totaled $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total exports value increased at an average annual rate of +X% over th...
