France: Essential Oils Market 2024

Essential Oils Market Size in France

In 2022, the French essential oils market increased by 8.2% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Essential oils consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Essential Oils Production in France

In value terms, essential oils production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 18%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Essential Oils Exports

Exports from France

Essential oils exports from France reduced to X tons in 2022, shrinking by -7.4% against 2021 figures. In general, total exports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +14.6% against 2019 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 33% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, essential oils exports shrank markedly to $X in 2022. Over the period under review, total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 2014 with an increase of 22%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons), Germany (X tons) and the United States (X tons) were the main destinations of essential oils exports from France, together comprising 46% of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +21.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Switzerland ($X) constituted the largest markets for essential oils exported from France worldwide, with a combined 39% share of total exports. The Netherlands, Italy, the UK, Japan, Spain, Belgium, Brazil, China, India and Singapore lagged somewhat behind, together accounting for a further 46%.

Italy, with a CAGR of +12.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average essential oils export price amounted to $X per ton, falling by -8.5% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 32%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Italy ($X 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 the Netherlands (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Essential Oils Imports

Imports into France

After four years of growth, overseas purchases of essential oils decreased by -1.9% to X tons in 2022. The total import volume increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 13% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped in the following year.

In value terms, essential oils imports amounted to $X in 2022. Overall, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +13.8% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 22%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil (X tons), China (X tons) and Italy (X tons) were the main suppliers of essential oils imports to France, together comprising 35% of total imports. Indonesia, the UK, Spain, India, Germany, the United States, Madagascar, Morocco, Argentina and Belgium lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +12.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest essential oils suppliers to France were India ($X), Italy ($X) and China ($X), with a combined 26% share of total imports. Indonesia, Spain, the UK, Morocco, Brazil, the United States, Germany, Madagascar, Argentina and Belgium lagged somewhat behind, together accounting for a further 37%.

The UK, with a CAGR of +15.7%, saw the highest growth rate of 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, increasing by 2.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 15% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 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 India ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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