What is the price of essential oils per kilogram/pound in Thailand today?
The retail price range for Thailand essential oils is between US$ 9.51 and US$ 19.02 per kilogram or between US$ 4.31 and US$ 8.62 per pound(lb). Click here to see today's exact prices of essential oils in Thailand
The retail price range in Baht for essential oils is between THB 326.32 and THB 652.64 per kilogram or between THB 147.99 and THB 295.98 per pound(lb) in Bangkok and Chiand Mai.
Wholesale prices
In 2024, the approximate wholesale price range for Thailand essential oils is between US$ 6.66 and US$ 13.31 per kilogram or between US$ 3.02 and US$ 6.04 per pound(lb).
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Thailand Essential Oils Export Prices - Historical, Trends and Prediction
The export price per kilogram of Essential Oils from Thailand over the last five years has seen a steady decline. In 2012, the price was 62.02 US dollars per kg, dropping to 39.18 US dollars per kg in 2013. This trend continued until 2015, when the price reached its lowest point of 30.13 US dollars per kg. Since then, the price has seen a slight increase, reaching 38.13 US dollars per kg in 2016, before dropping again to 30.50 US dollars per kg in 2017. The price has continued to decline since then, with the most recent figure being 27.22 US dollars per kg in 2020. Based on this trend, it is likely that the export price per kilogram of Essential Oils from Thailand will be around 26.00 US dollars per kg in 2023 and 24.00 US dollars per kg in 2024.The essential oils exports from Thailand 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)
Thailand Essential Oils Import Prices - Historical, Trends and Prediction
The import price per kilogram of Essential Oils into Thailand over the last five years has seen a steady decline. In 2012, the price was 62.02 US dollars per kg, but by 2016, it had dropped to 38.13 US dollars per kg. Since then, the price has continued to decrease, reaching a low of 27.22 US dollars per kg in 2020. In 2021, the price increased slightly to 29.31 US dollars per kg, and in 2022, it rose further to 31.10 US dollars per kg. Based on this trend, it is likely that the import price per kilogram of Essential Oils into Thailand will continue to increase in the coming years. We can predict that the price in 2023 will be around 32.90 US dollars per kg, and in 2024, it will be around 34.70 US dollars per kg.Export values for Thailand essential oils
The total values in export for essential oils in Thailand were in US dollar thousand for the years in that order.
Prices of other produce in the Processed category in Thailand: 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.
Thailand essential oils - Production, Exports, Imports, Seasons and HS Codes
The quantity of essential oils sold by Thailand in 2020 was 294 tons. In 2019 Thailand sold 365 tonnes of essential oils. In 2019 alone, the interest in Thailand essential oils (processed category) has been stable, compared to the year 2018. For the years between 2017 and 2019 the exports of essential oils were minimal, netting the country very little foreign income. Thailand's essential oils exports are grouped 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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Thailand essential oils export values
Between 2011 and 2020, Thailand shipped essential oils worth a total of US$ 0.
The yearly variation in the volume of Thailand's essential oils exports between 2017 and 2019 remained stagnant.
Thailand's share of the world's total essential oils' exports in 2019 was 2.2 pc. The country holds number 9 in world exports of essential oils.
Export markets for Thailand essential oils ( in '000$ )
Thailand's top destinations for essential oils are Myanmar, Saudi Arabia, Japan, United Kingdom (UK) and Vietnam.
Import/Export Trends
Thailand is a net importer of essential oils. The annual growth of Thailand essential oils in value between 2015 to 2019 was 136%, per year, while annual growth in quantity was 213%, per annum.
Thailand procured 475 tonnes of essential oils in 2019.