Report Update Nov 1, 2024

Belarus - Essential Oils - Market Analysis, Forecast, Size, Trends and Insights

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Belarus: Essential Oils Market 2024

Essential Oils Market Size in Belarus

The Belarusian essential oils market shrank modestly to $X in 2022, falling by -3.3% against the previous year. Over the period under review, consumption, however, enjoyed a noticeable increase. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Essential Oils Production in Belarus

In value terms, essential oils production contracted modestly to $X in 2022 estimated in export price. In general, production saw a pronounced expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by 90%. Essential oils production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Essential Oils Exports

Exports from Belarus

Essential oils exports from Belarus reduced to X tons in 2022, shrinking by -7% against the previous year. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 354%. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, essential oils exports expanded modestly to $X in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 335%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Russia (X tons) was the main destination for essential oils exports from Belarus, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled +50.4%.

In value terms, Russia ($X) also remains the key foreign market for essential oils exports from Belarus.

From 2012 to 2022, the average annual growth rate of value to Russia totaled +53.0%.

Export Prices by Country

The average essential oils export price stood at $X per ton in 2022, rising by 9.8% against the previous year. Overall, the export price posted a modest increase. The most prominent rate of growth was recorded in 2017 an increase of 224% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +1.7% per year.

Essential Oils Imports

Imports into Belarus

In 2022, the amount of essential oils imported into Belarus shrank to X tons, dropping by -11.6% against 2021. Over the period under review, imports, however, continue to indicate a temperate increase. The growth pace was the most rapid in 2018 when imports increased by 39%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, essential oils imports soared to $X in 2022. Overall, total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 35%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Russia (X tons), India (X tons) and Germany (X tons) were the main suppliers of essential oils imports to Belarus, with a combined 60% share of total imports. China, Turkey, the United States and Italy lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +28.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest essential oils suppliers to Belarus were Russia ($X), Germany ($X) and India ($X), together accounting for 54% of total imports. China, Turkey, the United States and Italy lagged somewhat behind, together comprising a further 26%.

Turkey, with a CAGR of +47.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average essential oils import price amounted to $X per ton, with an increase of 35% against the previous year. Over the period under review, the import price, however, saw a slight contraction. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+29.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for essential oils in the world?

The countries with the highest volumes of in 2021 were China, the United States and Germany, together accounting for 40% of global consumption. These countries were followed by India, France, Russia, the UK, Indonesia, Ireland, Spain, Saudi Arabia, Mexico and Argentina, which together accounted for a further 31%.

What are the largest producers of essential oils in the world?

China remains the largest essential oils producing country worldwide, accounting for 23% of total volume. Moreover, essential oils production in China exceeded the figures recorded by the second-largest producer, Brazil, twofold. India ranked third in terms of total production with an 11% share.

What are the leading suppliers of essential oils to Belarus?

In value terms, Russia, Germany and India constituted the largest essential oils suppliers to Belarus, together comprising 58% of total imports. These countries were followed by China, Turkey, the United States, Spain, Italy, Slovenia, France and Pakistan, which together accounted for a further 29%.

What are the leading importers of essential oils from Belarus?

In value terms, Russia remains the key foreign market for essential oils exports from Belarus.

What is the average export price for essential oils in Belarus?

In 2021, the average essential oils export price amounted to $22,587 per ton, which is down by -10.9% against the previous year.

What is the average import price for essential oils in Belarus?

In 2021, the average essential oils import price amounted to $23,790 per ton, with a decrease of -15.3% against the previous year.

This report provides an in-depth analysis of the essential oils market in Belarus. 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:

Belarus

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belarus
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023