What is the price of essential oils per kilogram/pound in Madagascar today?
The retail price range for Madagascar essential oils is between US$ 8.78 and US$ 24.40 per kilogram or between US$ 3.98 and US$ 11.06 per pound(lb). Click here to see today's exact prices of essential oils in Madagascar
The retail price range in Malagasy Ariary for essential oils is between MGA 38,859.29 and MGA 107,942.48 per kilogram or between MGA 17,623.26 and MGA 48,953.50 per pound(lb) in Antananarivo and Toamasina.
Wholesale prices
In 2024, the approximate wholesale price range for Madagascar essential oils is between US$ 6.15 and US$ 17.08 per kilogram or between US$ 2.79 and US$ 7.74 per pound(lb).
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Madagascar Essential Oils Export Prices - Historical, Trends and Prediction
The export price per kilogram of Essential Oils from Madagascar over the last five years has been relatively stable. In 2017, the price was 20.43 US $ per kg, followed by 20.78 US $ per kg in 2018. In 2019, the price increased to 21.69 US $ per kg, before dropping to 16.61 US $ per kg in 2020. The price then decreased further to 15.27 US $ per kg in 2021, before rising to 16.02 US $ per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Essential Oils from Madagascar in 2023 will be around 15.77 US $ per kg, and in 2024 will be around 16.42 US $ per kg.The essential oils exports from Madagascar 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)
Madagascar Essential Oils Import Prices - Historical, Trends and Prediction
The import price per kilogram of Essential Oils into Madagascar over the last five years has been relatively stable. In 2017, the price was 20.43 US dollars per kg, followed by 20.78 US dollars per kg in 2018. In 2019, the price increased to 21.69 US dollars per kg, before dropping to 16.61 US dollars per kg in 2020. The price then decreased further to 15.27 US dollars per kg in 2021, before rising to 16.02 US dollars per kg in 2022. Based on this trend, it is predicted that the import price per kilogram of Essential Oils into Madagascar in 2023 will be around 16.02 US dollars per kg, and in 2024 will be around 16.02 US dollars per kg.Export values for Madagascar essential oils
The total values in export for essential oils in Madagascar were US$ 33,909, US$ 44,205, US$ 69,646 and US$ 59,118 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Madagascar: 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.
Madagascar essential oils - Production, Exports, Imports, Seasons and HS Codes
The quantity of essential oils exported by Madagascar in 2020 was 4,152 metric tons. In 2019 Madagascar exported 2,725 tonnes of essential oils. Across 2019 alone, the interest in Madagascar essential oils (processed category) has decreased, changing by -18.681 percent compared to the year 2018. Between 2017 and 2019, essential oils' exports grew by 25.92 pc netting the nation US$59.12m for the year 2019. Madagascar's essential oils exports are classified as:
- Essential oils of citrus fruit, whether or not terpeneless, incl. concretes and absolutes (excluding those of sweet and bitter orange and lemon) (HS code 330119)
- Essential oils, whether or not terpeneless, incl. concretes and absolutes (excluding those of citrus fruit and mint) (HS code 330129)
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Madagascar essential oils export values
In 2019, Madagascar supplied essential oils worth 59.12m USD, a contraction of -15.11% from 2018's total essential oils export of 69.646m USD. The yearly reduction in value of Madagascar essential oils between 2017 to 2018 was 57.552 pc.
The annual/yearly variation in the amount of Madagascar's essential oils exports between 2017 and 2019 was 25.92 per cent when compared to a variation of -18.681% in the growth rate between 2018 and 2019.
Export markets for Madagascar essential oils ( in '000$ )
Madagascar's leading export markets for essential oils are India, France, Indonesia, China and Singapore.
Madagascar ordered 9 tonnes of essential oils in 2019.