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

Contents:

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

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

The average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $12,561 per ton in December 2023, increasing by 22% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 293% m-o-m. As a result, the export price reached the peak level of $52,379 per ton. From October 2023 to December 2023, the the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From December 2022 to December 2023, the rate of growth in terms of prices for the United States amounted to -0.6% per month.

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

The average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $11,912 per ton in 2022, dropping by -3.1% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 +83.1% against 2014 indices. The growth pace was the most rapid in 2015 when the average import price increased by 30% against the previous year. Over the period under review, average import prices hit record highs at $12,293 per ton in 2021, and then declined modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($20,307 per ton), while the price for Brazil ($8,163 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the amount of oils, essential; of orange (terpeneless or not), including concretes and absoluteses exported from Mexico skyrocketed to 6K tons, with an increase of 40% against the previous year's figure. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 181% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses skyrocketed to $59M in 2022. Over the period under review, exports saw a resilient increase. As a result, the exports reached 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 Mexico in 2022:

1. United States (5.0K tons)
2. Germany (0.5K tons)
3. Netherlands (0.4K tons)
4. Italy (0.1K tons)

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

In 2022, the amount of oils, essential; of orange (terpeneless or not), including concretes and absoluteses imported into Mexico soared to 1.1K tons, surging by 41% compared with 2021. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +7.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +94.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses skyrocketed to $13M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +101.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.

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

1. United States (564.9 tons)
2. Brazil (449.5 tons)
3. Italy (33.9 tons)

Source: IndexBox Market Intelligence Platform