What is the price of essential oils per kilogram/pound in Turkey today?
The retail price range for Turkey essential oils is between US$ 0.17 and US$ 0.66 per kilogram or between US$ 0.08 and US$ 0.30 per pound(lb). Click here to see today's exact prices of essential oils in Turkey
The retail price range in Turkish Lira for essential oils is between TRY 3.45 and TRY 13.05 per kilogram or between TRY 1.57 and TRY 5.92 per pound(lb) in Ankara and Istanbul.
Wholesale prices
In 2024, the approximate wholesale price range for Turkey essential oils is between US$ 0.12 and US$ 0.46 per kilogram or between US$ 0.06 and US$ 0.21 per pound(lb).
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Turkey Essential Oils Export Prices - Historical, Trends and Prediction
The export price per kilogram of Essential Oils from Turkey over the last five years has seen a steady decline. In 2016, the price was at its highest at 253.27 US $ per kg, before dropping to 252.66 US $ per kg in 2017. The price then decreased further to 186.09 US $ per kg in 2018, followed by 140.73 US $ per kg in 2019 and 106.54 US $ per kg in 2020. The most recent data shows that the price has dropped to 84.57 US $ per kg in 2021. Based on this trend, it is predicted that the export price per kilogram of Essential Oils from Turkey will be around 113.82 US $ per kg in 2023 and 101.82 US $ per kg in 2024.The exports of essential oils from Turkey 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)
Turkey Essential Oils Import Prices - Historical, Trends and Prediction
The import price per kilogram of Essential Oils into Turkey over the last five years has been quite volatile. In 2012, the price was 150.13 US dollars per kg, which increased to 226.4 US dollars per kg in 2013. This was followed by a slight dip in 2014 to 232.29 US dollars per kg. In 2015, the price rose to 263.31 US dollars per kg, before dropping to 253.27 US dollars per kg in 2016. The price then remained relatively stable at 252.66 US dollars per kg in 2017 and 186.09 US dollars per kg in 2018. In 2019, the price dropped to 140.73 US dollars per kg, followed by a further decrease to 106.54 US dollars per kg in 2020. The price then rose to 133.82 US dollars per kg in 2021, before dropping to 84.57 US dollars per kg in 2022. Based on the data, it is predicted that the import price per kilogram of Essential Oils into Turkey in 2023 will be around 109.65 US dollars per kg, and in 2024 will be around 118.19 US dollars per kg.Export values for Turkey essential oils
The total values in export for essential oils in Turkey were US$ 37,230, US$ 44,469, US$ 37,591 and US$ 30,651 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Turkey: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of essential oils in other countries across Middle East: Bahrain essential oils, Cyprus essential oils, Iraq essential oils, Israel essential oils, Jordan essential oils, Kuwait essential oils, Lebanon essential oils, Palestine essential oils, Oman essential oils & Qatar essential oils.
Turkey essential oils - Production, Exports, Imports, Seasons and HS Codes
The amount of essential oils exported by Turkey in 2020 was 270 tons. In 2019 Turkey exported 181 tonnes of essential oils. For the year 2019 alone, the interest in Turkey essential oils (processed category) has gone down, recording a change of -10.396 per cent compared to the year 2018. Between 2017 and 2019, essential oils' exports increased by 2.84% earning the exporter US$30.65m for the year 2019. Turkey's essential oils exports are categorised as:
- Essential oils, whether or not terpeneless, incl. concretes and absolutes (excluding those of citrus fruit and mint) (HS code 330129)
- Essential oils of citrus fruit, whether or not terpeneless, incl. concretes and absolutes (excluding those of sweet and bitter orange and lemon) (HS code 330119)
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Turkey essential oils export values
In 2019, Turkey supplied essential oils costing 30.65m USD, a decrease of -18.46% from 2018's total essential oils export of 37.591m USD. The yearly reduction in value of Turkey essential oils between 2017 to 2018 was -15.467 pc.
The per year change in the volume of Turkey's essential oils exports between 2017 and 2019 was 2.84 pc when compared to a variation of -10.396% in the growth rate between 2018 and 2019.
Turkey's portion of the world's total essential oils' exports in 2019 was less than 1%. Turkey is ranked number 19 in world exports of essential oils.
Export markets for Turkey essential oils ( in '000$ )
Turkey's leading destinations for essential oils are Germany, France, US, China and Algeria.
Import/Export Trends
Turkey is a net exporter of essential oils. The annual growth of Turkey essential oils in value between 2015 to 2019 was 61%, per year, while annual growth in quantity through the same period was 71%, per annum.
Turkey bought 274 tonnes of essential oils in 2019.