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

Contents:

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

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

In 2022, the average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses amounted to $16,431 per ton, growing by 31% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses increased by +50.0% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Germany ($79,957 per ton), while the price for France ($6,525 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+24.2%), 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 Indonesia (FOB) - 2022

The average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $18,730 per ton in 2022, declining by -31.2% against the previous year. In general, the export price, however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2020 when the average export price increased by 339% against the previous year. As a result, the export price attained the peak level of $29,625 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($56,895 per ton), while the average price for exports to India ($8,171 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 Australia (+29.1%), 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 Indonesia

In 2022, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses into Indonesia skyrocketed to 941 tons, picking up by 25% against the previous year. The total import volume increased at an average annual rate of +10.7% 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 2020 when imports increased by 28%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses soared to $15M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Brazil (441.4 tons)
2. United States (322.2 tons)
3. France (86.6 tons)
4. Singapore (29.2 tons)
5. Germany (19.2 tons)
6. Italy (18.9 tons)
7. Switzerland (8.8 tons)

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

For the third consecutive year, Indonesia recorded decline in overseas shipments of oils, essential; of orange (terpeneless or not), including concretes and absoluteses, which decreased by -10.9% to 6.3 tons in 2022. Overall, exports faced a sharp curtailment.

In value terms, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses reduced dramatically to $118K in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 226%. As a result, the exports attained the peak of $387K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. India (2962.0 kg)
2. Singapore (1359.0 kg)
3. Belgium (960.0 kg)
4. China (549.0 kg)
5. Switzerland (350.0 kg)
6. Australia (35.0 kg)

Source: IndexBox Market Intelligence Platform