What is the price of essential oils per kilogram/pound in China today?
The retail price range for China essential oils is between US$ 0.33 and US$ 6.14 per kilogram or between US$ 0.15 and US$ 2.79 per pound(lb). Click here to see today's exact prices of essential oils in China
The retail price range in Yuan Renminbi for essential oils is between CNY 2.34 and CNY 43.07 per kilogram or between CNY 1.06 and CNY 19.53 per pound(lb) in Beijing and Shanghai.
Wholesale prices
In 2024, the approximate wholesale price range for China essential oils is between US$ 0.23 and US$ 4.30 per kilogram or between US$ 0.11 and US$ 1.95 per pound(lb).
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China Essential Oils Export Prices - Historical, Trends and Prediction
The export price per kilogram of Essential Oils from China over the last five years has been relatively stable. In 2017, the price was 18.28 US $ per kg, followed by a significant increase to 26.37 US $ per kg in 2018. In 2019, the price dropped to 20.25 US $ per kg and then decreased further to 17.00 US $ per kg in 2020. In 2021, the price rose to 18.37 US $ per kg and then remained steady at 18.34 US $ per kg in 2022. Based on this data, it is predicted that the export price per kilogram of Essential Oils from China will remain at 18.34 US $ per kg in 2023 and 2024.The essential oils exports from China are categorised as:
- Essential oils of citrus fruit, whether or not terpeneless, incl. concretes and absolutes (excluding those of sweet and bitter orange and lemon) (HS code 330119)
- Essential oils, whether or not terpeneless, incl. concretes and absolutes (excluding those of citrus fruit and mint) (HS code 330129)
China Essential Oils Import Prices - Historical, Trends and Prediction
The import price per kilogram of Essential Oils into China over the last five years has been relatively stable. In 2016, the price was 13.86 US dollars per kg, followed by 14.28 US dollars per kg in 2015. In 2014, the price was 15.55 US dollars per kg, and in 2013, the price was 14.39 US dollars per kg. The lowest price was recorded in 2012, at 14.71 US dollars per kg. In 2017, the price increased to 18.28 US dollars per kg, and in 2018, the price rose to 26.37 US dollars per kg. In 2019, the price dropped to 20.25 US dollars per kg, and in 2020, the price decreased further to 17.00 US dollars per kg. In 2021, the price rose to 18.37 US dollars per kg, and in 2022, the price remained stable at 18.34 US dollars per kg. Based on the data, it is predicted that the import price per kilogram of Essential Oils into China in 2023 will be 18.37 US dollars per kg, and in 2024, the price will be 18.34 US dollars per kg.Export values for China essential oils
The total values in export for essential oils in China were US$ 371,651, US$ 297,389, US$ 416,698 and US$ 304,481 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in China: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of essential oils in other countries across Asia: Kazakhstan essential oils, Kyrgyzstan essential oils, Tajikistan essential oils, Turkmenistan essential oils, Uzbekistan essential oils, China essential oils, Hong Kong essential oils, Macao essential oils, North Korea essential oils & Mongolia essential oils.
China essential oils - Production, Exports, Imports, Seasons and HS Codes
In 2019 China shipped 15,040 tonnes of essential oils. Through 2019 alone, the market for China essential oils (processed category) has decreased, flactuating by -4.822 % compared to the year 2018. Between 2017 and 2019, essential oils' exports decreased by -7.55 percent earning China US$304.48m for the year 2019. China's essential oils exports are classified as:
- Essential oils, whether or not terpeneless, incl. concretes and absolutes (excluding those of citrus fruit and mint) (HS code 330129)
- Essential oils of citrus fruit, whether or not terpeneless, incl. concretes and absolutes (excluding those of sweet and bitter orange and lemon) (HS code 330119)
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China essential oils export values
In 2019, China shipped essential oils costing 304.48m USD, a contraction of -26.93% from 2018's total essential oils export of 416.698m USD. The yearly reduction in value of China essential oils between 2017 to 2018 was 40.119 per cent.
The annual change in the quantity of China's essential oils exports between 2017 and 2019 was -7.55 percent in comparison to a variation of -4.822% in the period between 2018 and 2019.
China's share of the world's total essential oils' exports in 2019 was 10.2 pc. The country is ranked number 3 in world exports of essential oils.
Export markets for China essential oils ( in '000$ )
China's best performing export markets for essential oils are Indonesia, US, Germany, India and United Kingdom (UK).
Import/Export Trends
China is a net importer of essential oils. The annual growth of China essential oils in value between 2015 to 2019 was 9%, per year, while annual growth in quantity through the same period was -5%, per annum.
China brought in 2,426 tonnes of essential oils in 2019.