Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Morocco - 2023
Contents:
- Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Morocco (FOB) - 2022
- Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Morocco (CIF) - 2022
- Exports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Morocco
- Imports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Morocco
Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Morocco (FOB) - 2022
The average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $4,923 per ton in 2022, picking up by 4% against the previous year. Overall, the export price, however, continues to indicate a abrupt decline. The growth pace was the most rapid in 2018 an increase of 161%. The export price peaked at $32,851 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($9,724 per ton), while the average price for exports to France ($4,187 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 Netherlands (+55.1%), while the prices for the other major destinations experienced a decline.
Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Morocco (CIF) - 2022
In 2022, the average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses amounted to $51,854 per ton, increasing by 41% against the previous year. Over the period under review, the import price showed a buoyant expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by 74%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($362,580 per ton), while the price for Brazil ($16,932 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+30.0%), 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 Morocco
For the fourth year in a row, Morocco recorded growth in overseas shipments of oils, essential; of orange (terpeneless or not), including concretes and absoluteses, which increased by 8.7% to 100 tons in 2022. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 179%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses rose sharply to $494K in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 141%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in years to come.
| Export of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 135 | 171 | 347 | 350 | 37.4% |
| United Kingdom | N/A | N/A | N/A | 107 | 0% |
| Spain | N/A | N/A | N/A | 26.7 | 0% |
| Italy | N/A | N/A | 90.1 | N/A | 0% |
| Others | 1.4 | 10.5 | 0.2 | 9.8 | 91.3% |
| Total | 136 | 181 | 437 | 494 | 53.7% |
Top Export Markets for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes from Morocco in 2022:
- France (83.7 tons)
- United Kingdom (11.0 tons)
- Spain (5.2 tons)
Imports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Morocco
For the third consecutive year, Morocco recorded decline in overseas purchases of oils, essential; of orange (terpeneless or not), including concretes and absoluteses, which decreased by -45.5% to 1.2 tons in 2022. Overall, imports saw a sharp setback. The smallest decline of -10.4% was in 2021.
In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses dropped remarkably to $61K in 2022. In general, imports faced a precipitous setback. The smallest decline of -2.5% was in 2021.
| Import of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3.6 | 44.9 | 36.7 | 36.3 | 116.0% |
| France | 116 | 11.0 | 12.0 | 9.7 | -56.3% |
| Spain | 12.1 | 6.2 | 16.8 | 8.7 | -10.4% |
| Brazil | 4.2 | 8.2 | 5.4 | 3.7 | -4.1% |
| Italy | 0.4 | 5.6 | 6.3 | 2.0 | 71.0% |
| Austria | N/A | 2.4 | N/A | N/A | 0% |
| Others | N/A | 2.6 | 1.7 | 0.2 | -72.3% |
| Total | 136 | 80.9 | 78.8 | 60.6 | -23.6% |
Top Suppliers of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes to Morocco in 2022:
- France (502.0 kg)
- Spain (315.0 kg)
- Brazil (220.0 kg)
- Netherlands (100.0 kg)
- Italy (20.0 kg)
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