Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in the United Arab Emirates - 2022

Contents:

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

Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses amounted to $7,134 per ton, reducing by -37.9% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.4% 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 increased by +17.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 89% against the previous year. As a result, import price reached the peak level of $11,480 per ton, and then shrank markedly in the following year.

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 Italy ($16,533 per ton), while the price for the United States ($5,368 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+13.5%), 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 United Arab Emirates (FOB) - 2022

The average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $3,916 per ton in 2022, dropping by -49.5% against the previous year. Overall, the export price saw a abrupt shrinkage. The growth pace was the most rapid in 2016 an increase of 34% against the previous year. Over the period under review, the average export prices attained the peak figure at $30,489 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($6,586 per ton), while the average price for exports to Oman ($3,366 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 Iran (+17.4%), 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 United Arab Emirates

In 2022, after two years of decline, there was growth in purchases abroad of oils, essential; of orange (terpeneless or not), including concretes and absoluteses, when their volume increased by 3% to 70 tons. Over the period under review, imports, however, saw a precipitous descent.

In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses contracted notably to $499K in 2022. In general, imports, however, recorded a dramatic setback. The smallest decline of -17.4% was in 2021.

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

1. United States (25.8 tons)
2. United Kingdom (11.5 tons)
3. Germany (11.3 tons)
4. India (10.5 tons)
5. Brazil (7.6 tons)
6. Italy (1.2 tons)
7. Singapore (1.1 tons)
8. Spain (0.1 tons)

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

In 2022, approx. 111 tons of oils, essential; of orange (terpeneless or not), including concretes and absoluteses were exported from the United Arab Emirates; jumping by 184% against the year before. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses soared to $434K in 2022. Over the period under review, total exports indicated a noticeable increase from 2019 to 2022: its value increased at an average annual rate of +2.5% 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 -7.9% against 2020 indices.

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

1. Oman (82.6 tons)
2. Belgium (15.4 tons)
3. Turkey (9.6 tons)
4. Lebanon (2.2 tons)

Source: IndexBox Market Intelligence Platform