Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in South Africa - 2024

Contents:

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

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

In 2022, the average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses amounted to $10,127 per ton, growing by 54% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses increased by +86.7% against 2020 indices. Over the period under review, the average export prices reached the maximum at $11,820 per ton in 2017; however, from 2018 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 China ($13,390 per ton), while the average price for exports to Zimbabwe ($5,121 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 (+11.5%), 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 South Africa (CIF) - 2022

The average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $12,144 per ton in 2022, growing by 25% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% 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 decreased by -19.1% against 2017 indices. The growth pace was the most rapid in 2017 an increase of 90% against the previous year. As a result, import price reached the peak level of $15,019 per ton. From 2018 to 2022, the average import prices failed to regain momentum.

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 UK ($56,370 per ton), while the price for Germany ($5,894 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+15.7%), 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 South Africa

In 2022, the amount of oils, essential; of orange (terpeneless or not), including concretes and absoluteses exported from South Africa surged to 900 tons, increasing by 37% against the previous year. In general, total exports indicated tangible growth from 2019 to 2022: its volume increased at an average annual rate of +4.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -13.9% against 2020 indices.

In value terms, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses soared to $9.1M in 2022. Over the period under review, exports saw a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Netherlands (335.8 tons)
2. United States (238.7 tons)
3. Zimbabwe (104.0 tons)
4. India (49.1 tons)
5. Japan (47.7 tons)
6. United Kingdom (46.8 tons)
7. China (43.9 tons)
8. Swaziland (0.1 tons)

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

After three years of growth, overseas purchases of oils, essential; of orange (terpeneless or not), including concretes and absoluteses decreased by -44.2% to 118 tons in 2022. In general, imports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 90% against the previous year. As a result, imports attained the peak of 212 tons, and then dropped sharply in the following year.

In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses declined markedly to $1.4M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 40% against the previous year. As a result, imports reached the peak of $2.1M, and then shrank markedly in the following year.

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

1. Zimbabwe (35.5 tons)
2. Brazil (33.7 tons)
3. Germany (23.9 tons)
4. United States (16.6 tons)
5. Netherlands (2.6 tons)
6. Mexico (1.8 tons)

Source: IndexBox Market Intelligence Platform