What is the price of essential oils per kilogram/pound in Ghana today?
The retail price range for Ghana essential oils is between US$ 4.86 and US$ 9.72 per kilogram or between US$ 2.20 and US$ 4.41 per pound(lb). Click here to see today's exact prices of essential oils in Ghana
The retail price range in Ghana Cedi for essential oils is between GHS 52.27 and GHS 104.54 per kilogram or between GHS 23.70 and GHS 47.41 per pound(lb) in Accra and Kumasi.
Wholesale prices
In 2024, the approximate wholesale price range for Ghana essential oils is between US$ 3.40 and US$ 6.81 per kilogram or between US$ 1.54 and US$ 3.09 per pound(lb).
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Ghana Essential Oils Export Prices - Historical, Trends and Prediction
The export price per kilogram of Essential Oils from Ghana over the last five years has been quite varied. In 2017, the price was at its highest at 9.21 US $ per kg, before dropping to 4.67 US $ per kg in 2018. The price then increased slightly to 4.90 US $ per kg in 2019, before dropping to 0.00 US $ per kg in 2020 and 2021. Based on this data, it is likely that the export price per kilogram of Essential Oils from Ghana will remain at 0.00 US $ per kg in 2023 and 2024.The exports of essential oils from Ghana are classified 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)
Ghana Essential Oils Import Prices - Historical, Trends and Prediction
The import price per kilogram of Essential Oils into Ghana over the last five years has been quite varied. In 2016, the price was $3.20, followed by a significant increase to $9.21 in 2017. This was followed by a decrease to $4.67 in 2018 and then a slight increase to $4.90 in 2019. Unfortunately, the price dropped to $0.00 in 2020 and 2021. Looking ahead, it is likely that the price of Essential Oils will remain low in the next two years, with an estimated price of $0.00 in 2023 and 2024.Export values for Ghana essential oils
The total values in export for essential oils in Ghana were US$ 32, US$ 175, US$ 14 and US$ 103 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Ghana: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of essential oils in other countries across Africa: Algeria essential oils, Angola essential oils, Botswana essential oils, Burundi essential oils, Cameroon essential oils, Cape Verde essential oils, Central African Republic essential oils, Comoros essential oils, DRC Congo essential oils & Benin essential oils.
Ghana essential oils - Production, Exports, Imports, Seasons and HS Codes
In 2019 Ghana exported 21 tonnes of essential oils. Across 2019 alone, the interest in Ghana essential oils (processed category) has climbed, flactuating by 600 pc compared to the year 2018. Between 2017 and 2019, essential oils' exports increased by 10.53 percent earning the exporter US$0.10m for the year 2019. Ghana's essential oils exports are classified as:
- Essential oils, whether or not terpeneless, incl. concretes and absolutes (excluding those of citrus fruit and mint) (HS code 330129)
- Essential oils of citrus fruit, whether or not terpeneless, incl. concretes and absolutes (excluding those of sweet and bitter orange and lemon) (HS code 330119)
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Ghana essential oils export values
In 2019, Ghana supplied essential oils costing 0.10m USD, a growth of 614.29% from 2018's total essential oils export of 0.014m USD. The yearly growth in value of Ghana essential oils between 2017 to 2018 was -92 pc.
The per year variation in the volume of Ghana's essential oils exports between 2017 and 2019 was 10.53% when compared to a variation of 600% in the growth rate between 2018 and 2019.
Export markets for Ghana essential oils ( in '000$ )
Ghana's best performing destinations for essential oils are the Netherlands, US, United Kingdom (UK), Benin and Spain.
Ghana ordered 100 tonnes of essential oils in 2019.