Kenya - Essential Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingEssential Oils Price in Kenya - 2021
Contents:
- Essential Oils Price in Kenya (FOB) - 2022
- Essential Oils Price in Kenya (CIF) - 2022
- Essential Oils Exports in Kenya
- Essential Oils Imports in Kenya
Essential Oils Price in Kenya (FOB) - 2022
In 2022, the average essential oils export price amounted to $67,148 per ton, waning by -26.3% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, essential oils export price decreased by -32.8% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of 145% against the previous year. The export price peaked at $99,869 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($130,087 per ton), while the average price for exports to India ($9,326 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 Uganda (+10.0%), while the prices for the other major destinations experienced mixed trend patterns.
Essential Oils Price in Kenya (CIF) - 2022
In 2022, the average essential oils import price amounted to $26,705 per ton, dropping by -36.4% against the previous year. Overall, the import price, however, continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 45%. As a result, import price reached the peak level of $44,658 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Madagascar ($81,391 per ton), while the price for Egypt ($2,989 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Essential Oils Exports in Kenya
For the fourth year in a row, Kenya recorded growth in shipments abroad of essential oils, which increased by 66% to 264 tons in 2022. Overall, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, essential oils exports soared to $18M in 2022. The total export value increased at an average annual rate of +13.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Essential Oils in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.8 | 11.4 | 11.0 | 14.1 | 9.3% |
| United Kingdom | 0.3 | 0.3 | 0.3 | 0.8 | 38.7% |
| India | N/A | N/A | N/A | 0.7 | 0% |
| Belgium | 0.2 | 0.7 | 0.7 | 0.5 | 35.7% |
| Ireland | N/A | N/A | 1.6 | 0.3 | -81.3% |
| Malaysia | 0.3 | N/A | N/A | N/A | 0% |
| Uganda | N/A | 0.1 | N/A | N/A | 0% |
| Others | 0.4 | 0.7 | 0.8 | 1.2 | 44.2% |
| Total | 12.0 | 13.2 | 14.5 | 17.7 | 13.8% |
Top Export Markets for Essential Oils from Kenya in 2022:
- United States (108.7 tons)
- India (80.1 tons)
- United Kingdom (35.9 tons)
- Belgium (10.8 tons)
- Ireland (5.3 tons)
- Uganda (4.4 tons)
Essential Oils Imports in Kenya
In 2022, approx. 61 tons of essential oils were imported into Kenya; dropping by -65.4% on 2021. In general, imports saw a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year.
In value terms, essential oils imports fell markedly to $1.6M in 2022. Overall, imports saw a precipitous decrease. The growth pace was the most rapid in 2020 with an increase of 8.9% against the previous year.
| Import of Essential Oils in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 3,840 | 5,532 | 5,859 | 1,207 | -32.0% |
| India | 388 | 529 | 302 | 73.7 | -42.5% |
| China | 149 | 122 | 127 | 54.6 | -28.4% |
| Spain | 290 | 255 | 221 | 50.8 | -44.0% |
| Switzerland | 89.1 | 100 | 115 | 27.5 | -32.4% |
| South Africa | 24.4 | 8.1 | 36.8 | 12.0 | -21.1% |
| Egypt | 48.0 | 26.6 | 6.0 | 5.6 | -51.1% |
| Turkey | 485 | 0.1 | N/A | N/A | -100.0% |
| Others | 1,206 | 527 | 695 | 192 | -45.8% |
| Total | 6,519 | 7,100 | 7,361 | 1,623 | -37.1% |
Top Suppliers of Essential Oils to Kenya in 2022:
- Madagascar (14.8 tons)
- China (13.7 tons)
- Spain (8.7 tons)
- India (8.6 tons)
- South Africa (3.4 tons)
- Egypt (1.9 tons)
- Switzerland (1.3 tons)
This report provides an in-depth analysis of the essential oils market in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20531020 - Essential oils
Country coverage:
- Kenya
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kenya
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Discover the leading import markets for essential oils worldwide, including key statistics and insights. Explore the demand, trends, and opportunities in the billion-dollar industry.
1479
In value terms, essential oils imports totaled $X in 2016. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over t...
6363
In value terms, essential oils exports totaled $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total exports value increased at an average annual rate of +X% over th...
212
Discover the leading import markets for essential oils worldwide, including key statistics and insights. Explore the demand, trends, and opportunities in the billion-dollar industry.
1479
In value terms, essential oils imports totaled $X in 2016. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over t...
6363
In value terms, essential oils exports totaled $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total exports value increased at an average annual rate of +X% over th...
