What is the price of essential oils per kilogram/pound in Jamaica today?
The retail price range for Jamaica essential oils is between US$ 15.71 and US$ 64.03 per kilogram or between US$ 7.13 and US$ 29.04 per pound(lb). Click here to see today's exact prices of essential oils in Jamaica
The retail price range in Jamaican Dollar for essential oils is between JMD 2,447.41 and JMD 9,973.75 per kilogram or between JMD 1,109.93 and JMD 4,523.24 per pound(lb) in Kingston and Montego Bay.
Wholesale prices
In 2024, the approximate wholesale price range for Jamaica essential oils is between US$ 11.00 and US$ 44.82 per kilogram or between US$ 4.99 and US$ 20.33 per pound(lb).
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Jamaica Essential Oils Export Prices - Historical, Trends and Prediction
The export price per kilogram of Essential Oils from Jamaica over the last five years has seen a steady increase. In 2017, the price was $35.82, and by 2021 it had risen to $66.00. In 2020, the price dropped to $48.67, but it has since recovered to its current level. Looking ahead, it is likely that the export price per kilogram of Essential Oils from Jamaica will continue to rise, with an estimated price of $71.45 in 2023 and $76.28 in 2024.The essential oils exports from Jamaica 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)
Jamaica Essential Oils Import Prices - Historical, Trends and Prediction
The import price per kilogram of Essential Oils into Jamaica over the last five years has been quite varied. In 2017, the price was $35.82, followed by a slight increase to $39.22 in 2018. However, in 2019, the price dropped significantly to $26.38, before rising again to $48.67 in 2020. The price then increased further to $66.00 in 2021. Looking ahead, it is likely that the import price per kilogram of Essential Oils into Jamaica will continue to increase in the coming years. Based on the data, it is predicted that the price will be $73.90 in 2023 and $82.92 in 2024.Export values for Jamaica essential oils
The total values in export for essential oils in Jamaica were US$ 1,181, US$ 1,182, US$ 1,059 and US$ 631 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Jamaica: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of essential oils in other countries across Caribbean: Aruba essential oils, Bahamas essential oils, Barbados essential oils, Cuba essential oils, Dominican Republic essential oils, Grenada essential oils, Guadeloupe essential oils, Haiti essential oils, Jamaica essential oils & Martinique essential oils.
Jamaica essential oils - Production, Exports, Imports, Seasons and HS Codes
In 2019 Jamaica sold 24 tonnes of essential oils. In 2019 alone, the demand for Jamaica essential oils (processed category) has gone down, changing by -11.111 per cent compared to the year 2018. Between 2017 and 2019, essential oils' exports decreased by -27.27 percent earning Jamaica US$0.63m for the year 2019. Jamaica's essential oils exports are classified as:
- Essential oils, whether or not terpeneless, incl. concretes and absolutes (excluding those of citrus fruit and mint) (HS code 330129)
- Essential oils of citrus fruit, whether or not terpeneless, incl. concretes and absolutes (excluding those of sweet and bitter orange and lemon) (HS code 330119)
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Jamaica essential oils export values
In 2019, Jamaica exported essential oils valued at 0.63m USD, a reduction of -40.51% from 2018's total essential oils export of 1.059m USD. The yearly reduction in value of Jamaica essential oils between 2017 to 2018 was -10.406%.
The per year change in the amount of Jamaica's essential oils exports between 2017 and 2019 was -27.27% when compared to a variation of -11.111% in the growth rate between 2018 and 2019.
Jamaica's share of the world's total essential oils' exports in 2019 was less than 1%. The country is ranked number 33 in world exports of essential oils.
Export markets for Jamaica essential oils ( in '000$ )
Jamaica's top destinations for essential oils are US, United Kingdom (UK), Canada, Belize and the Bahamas.
Import/Export Trends
Jamaica is a net exporter of essential oils. The annual growth of Jamaica essential oils in value between 2015 to 2019 was -51%, per year, while annual growth in quantity during the same period was -46%, per annum.
Jamaica brought in 34 tonnes of essential oils in 2019.