What is the price of essential oils per kilogram/pound in Morocco today?
The retail price range for Morocco essential oils is between US$ 16.43 and US$ 170.63 per kilogram or between US$ 7.45 and US$ 77.38 per pound(lb). Click here to see today's exact prices of essential oils in Morocco
The retail price range in Moroccan Dirham for essential oils is between MAD 169.41 and MAD 1,759.09 per kilogram or between MAD 76.83 and MAD 797.77 per pound(lb) in Rabat and Casablanca.
Wholesale prices
In 2024, the approximate wholesale price range for Morocco essential oils is between US$ 11.50 and US$ 119.44 per kilogram or between US$ 5.22 and US$ 54.17 per pound(lb).
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Morocco Essential Oils Export Prices - Historical, Trends and Prediction
The export price per kilogram of Essential Oils from Morocco over the last five years has been steadily increasing. In 2017, the price was 66.90 US $ per kg, and in 2021 it was 72.80 US $ per kg. This represents an 8.9% increase in the price over the five year period. Looking ahead, we can predict that the export price per kilogram of Essential Oils from Morocco will continue to increase, reaching approximately 77.00 US $ per kg in 2023 and 81.20 US $ per kg in 2024.The essential oils exports from Morocco 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)
Morocco Essential Oils Import Prices - Historical, Trends and Prediction
The import price per kilogram of Essential Oils into Morocco over the last five years has seen a steady increase. In 2016, the price was 70.87 US dollars per kg, and in 2017 it decreased slightly to 66.90 US dollars per kg. However, in 2018 the price rose again to 71.16 US dollars per kg, and in 2019 it increased significantly to 91.28 US dollars per kg. In 2020, the price dropped to 80.51 US dollars per kg, and in 2021 it decreased further to 72.80 US dollars per kg. Based on this trend, it is predicted that the import price per kilogram of Essential Oils into Morocco in 2023 will be around 79.00 US dollars per kg, and in 2024 it will be around 85.00 US dollars per kg.Export values for Morocco essential oils
The total values in export for essential oils in Morocco were US$ 27,568, US$ 34,920, US$ 35,012 and US$ 31,490 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Morocco: 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.
Morocco essential oils - Production, Exports, Imports, Seasons and HS Codes
In 2019 Morocco shipped 345 tonnes of essential oils. In 2019 alone, the demand for Morocco essential oils (processed category) has decreased, recording a change of -29.878 % compared to the year 2018. Between 2017 and 2019, essential oils' exports went down by -33.91 pc netting Morocco US$31.49m for the year 2019. Morocco's essential oils exports are classified as:
- Essential oils of citrus fruit, whether or not terpeneless, incl. concretes and absolutes (excluding those of sweet and bitter orange and lemon) (HS code 330119)
- Essential oils, whether or not terpeneless, incl. concretes and absolutes (excluding those of citrus fruit and mint) (HS code 330129)
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Morocco essential oils export values
In 2019, Morocco shipped essential oils valued at 31.49m USD, a reduction of -10.06% from 2018's total essential oils export of 35.012m USD. The yearly reduction in value of Morocco essential oils between 2017 to 2018 was 0.26345934%.
The annual variation in the volume of Morocco's essential oils exports between 2017 and 2019 was -33.91 percent when compared to a variation of -29.878% in the growth rate between 2018 and 2019.
Morocco's portion of the world's total essential oils' exports in 2019 was 3.7 pc. The country holds position 7 in world exports of essential oils.
Export markets for Morocco essential oils ( in '000$ )
Morocco's leading export markets for essential oils are France, US, Spain, Canada and Germany.
Import/Export Trends
Morocco is a net exporter of essential oils. The annual growth of Morocco essential oils in value between 2015 to 2019 was 276%, per annum, while annual growth in quantity was 163%, per annum.
Morocco procured 28 tonnes of essential oils in 2019.