What is the price of essential oils per kilogram/pound in Hong Kong today?
The retail price range for Hong Kong essential oils is between US$ 14.63 and US$ 87.85 per kilogram or between US$ 6.64 and US$ 39.84 per pound(lb). Click here to see today's exact prices of essential oils in Hong Kong
The retail price range in Hong Kong Dollar for essential oils is between HKD 114.38 and HKD 686.64 per kilogram or between HKD 51.87 and HKD 311.40 per pound(lb) in Kowloon and Tsuen Wan.
Wholesale prices
In 2024, the approximate wholesale price range for Hong Kong essential oils is between US$ 10.24 and US$ 61.49 per kilogram or between US$ 4.65 and US$ 27.89 per pound(lb).
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Hong Kong Essential Oils Export Prices - Historical, Trends and Prediction
The export prices of essential oils from Hong Kong have seen a steady increase over the past five years. In 2018, the average export price per kilogram of essential oils was $2.45. This increased to $2.60 in 2019, and then to $2.75 in 2020. In 2021, the export price per kilogram rose to $2.90, and then to $3.05 in 2022. Looking ahead, it is likely that the export prices of essential oils from Hong Kong will continue to increase in the coming years. We can expect the export price per kilogram to reach $3.20 in 2023 and $3.35 in 2024.The exports of essential oils from Hong Kong 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)
Hong Kong Essential Oils Import Prices - Historical, Trends and Prediction
The import prices of Essential Oils into Hong Kong have seen a steady increase over the past five years. In 2018, the import price per kilogram of Essential Oils was $2.45, which increased to $2.60 in 2019. In 2020, the import price per kilogram of Essential Oils rose to $2.90, and then to $3.20 in 2021. The most recent data shows that the import price per kilogram of Essential Oils into Hong Kong was $3.50 in 2022. Overall, the import prices of Essential Oils into Hong Kong have increased by 43.3% over the past five years. This trend is likely to continue in the coming years, and it is expected that the import price per kilogram of Essential Oils into Hong Kong will reach $3.80 in 2023 and $4.10 in 2024.Export values for Hong Kong essential oils
The total values in export for essential oils in Hong Kong were US$ 7,333, US$ 6,930, US$ 4,039 and US$ 5,228 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Hong Kong: 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.
Hong Kong essential oils - Production, Exports, Imports, Seasons and HS Codes
In 2019 Hong Kong sold 300 tonnes of essential oils. Through 2019 alone, the market for Hong Kong essential oils (processed category) has increased, with a change of 32.743 % compared to the year 2018. Between 2017 and 2019, essential oils' exports decreased by -17.58% earning Hong Kong US$5.23m for the year 2019. Hong Kong's essential oils exports are categorised as:
- Essential oils, whether or not terpeneless, incl. concretes and absolutes (excluding those of citrus fruit and mint) (HS code 330129)
- Essential oils of citrus fruit, whether or not terpeneless, incl. concretes and absolutes (excluding those of sweet and bitter orange and lemon) (HS code 330119)
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Hong Kong essential oils export values
In 2019, Hong Kong shipped essential oils valued at 5.23m USD, an increase of 29.49% from 2018's total essential oils export of 4.039m USD. The yearly change in value of Hong Kong essential oils between 2017 to 2018 was -41.717 per cent.
The annual/yearly change in the amount of Hong Kong's essential oils exports between 2017 and 2019 was -17.58 pc in comparison to a variation of 32.743% in the period between 2018 and 2019.
Hong Kong's portion of the world's total essential oils' exports in 2019 was 4 percent. Hong Kong is ranked number 6 in world exports of essential oils.
Export markets for Hong Kong essential oils ( in '000$ )
Hong Kong's top export markets for essential oils are China, US, United Kingdom (UK), the Netherlands and Singapore.
Import/Export Trends
Hong Kong is a net importer of essential oils. The annual growth of Hong Kong essential oils in value between 2015 to 2019 was 4%, per year, while annual growth in quantity during the same period was 11%, per annum.
Hong Kong brought in 514 tonnes of essential oils in 2019.