Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in the Netherlands - 2023

Contents:

1. Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in the Netherlands (CIF) - 2023
2. Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in the Netherlands (FOB) - 2022
3. Imports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in the Netherlands
4. Exports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in the Netherlands

Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in the Netherlands (CIF) - 2023

In November 2023, the average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses amounted to $15,226 per ton, declining by -3.5% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.1%. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 28% m-o-m. Over the period under review, average import prices attained the peak figure at $17,440 per ton in June 2023; however, from July 2023 to November 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($36,125 per ton), while the price for Egypt ($14,327 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Mexico (+11.5%), 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 Netherlands (FOB) - 2022

In 2022, the average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses amounted to $9,206 per ton, surging by 40% against the previous year. Overall, the export price, however, showed a perceptible curtailment. Over the period under review, the average export prices reached the peak figure at $16,442 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($13,147 per ton), while the average price for exports to Italy ($7,446 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 Germany (+4.4%), while the prices for the other major destinations experienced a decline.

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

In 2022, approx. 11K tons of oils, essential; of orange (terpeneless or not), including concretes and absoluteses were imported into the Netherlands; growing by 23% against 2021 figures. Overall, imports recorded a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 816%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses soared to $118M in 2022. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 310% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

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

1. Brazil (7.7K tons)
2. Mexico (1.3K tons)
3. Italy (0.4K tons)
4. Germany (0.4K tons)
5. Egypt (0.3K tons)
6. South Africa (0.3K tons)
7. United States (0.3K tons)
8. Costa Rica (0.1K tons)

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

In 2022, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses from the Netherlands stood at 11K tons, increasing by 2.7% compared with the year before. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 989% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses skyrocketed to $104M in 2022. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 570%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

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

1. Germany (10.2K tons)
2. Italy (0.5K tons)

Source: IndexBox Market Intelligence Platform