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

Contents:

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

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

The average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $23,038 per ton in 2022, jumping by 41% against the previous year. In general, the import price showed strong growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 52%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($35,478 per ton), while the price for Brazil ($11,691 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+26.7%), 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 Malaysia (FOB) - 2022

The average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $20,421 per ton in 2022, with a decrease of -40.8% against the previous year. Over the period under review, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 an increase of 37% against the previous year. Over the period under review, the average export prices reached the peak figure at $34,486 per ton in 2021, and then shrank rapidly in the following year.

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 United Arab Emirates ($45,973 per ton), while the average price for exports to Indonesia ($4,728 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 Brunei Darussalam (+12.9%), 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 Malaysia

In 2022, approx. 79 tons of oils, essential; of orange (terpeneless or not), including concretes and absoluteses were imported into Malaysia; therefore, remained relatively stable against 2021. The total import volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 11%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses soared to $1.8M in 2022. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 69% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. United States (32.1 tons)
2. Spain (18.3 tons)
3. Brazil (15.1 tons)
4. United Kingdom (7.9 tons)
5. Singapore (2.1 tons)

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

In 2022, approx. 9 tons of oils, essential; of orange (terpeneless or not), including concretes and absoluteses were exported from Malaysia; jumping by 558% against the previous year. In general, exports continue to indicate a significant expansion. As a result, the exports reached 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 skyrocketed to $184K in 2022. Over the period under review, exports showed resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 320% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.

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

1. Hong Kong SAR (3.6 tons)
2. Singapore (2.0 tons)
3. United Arab Emirates (2.0 tons)
4. Thailand (1.0 tons)
5. Indonesia (0.3 tons)

Source: IndexBox Market Intelligence Platform