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

Contents:

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

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

In November 2023, the average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses amounted to $24,219 per ton, surging by 36% against the previous month. Over the period under review, import price indicated a tangible expansion from November 2022 to November 2023: its price increased at an average monthly rate of +3.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses decreased by -0.7% against August 2023 indices. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 43% against the previous month. Over the period under review, average import prices reached the peak figure at $24,383 per ton in August 2023; however, from September 2023 to November 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($60,881 per ton), while the price for Germany ($14,846 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 Ireland (+4.5%), 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 Poland (FOB) - 2022

The average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $40,850 per ton in 2022, surging by 57% against the previous year. Overall, the export price showed a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($85,335 per ton), while the average price for exports to Iran ($10,314 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 Azerbaijan (+130.3%), 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 Poland

In 2022, purchases abroad of oils, essential; of orange (terpeneless or not), including concretes and absoluteses decreased by -11.8% to 111 tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +19.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 51% against the previous year.

In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses declined notably to $1.3M in 2022. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 222% against the previous year.

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

1. Germany (72.4 tons)
2. Spain (15.1 tons)
3. Netherlands (10.6 tons)
4. Italy (9.1 tons)
5. United Kingdom (1.0 tons)
6. Brazil (0.4 tons)

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

For the fourth year in a row, Poland recorded growth in overseas shipments of oils, essential; of orange (terpeneless or not), including concretes and absoluteses, which increased by 251% to 23 tons in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 271%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses soared to $933K in 2022. Over the period under review, exports recorded a significant 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 Poland in 2022:

1. Hungary (6.0 tons)
2. Romania (3.8 tons)
3. Vietnam (3.7 tons)
4. Czech Republic (1.4 tons)
5. Slovakia (1.2 tons)
6. Netherlands (1.1 tons)
7. Austria (1.1 tons)
8. Estonia (0.8 tons)
9. Iran (0.6 tons)
10. Russia (0.5 tons)
11. Lithuania (0.3 tons)
12. Azerbaijan (0.1 tons)
13. Germany (0.1 tons)

Source: IndexBox Market Intelligence Platform