The European sold production of essential oils in 2023 is led by Germany, followed by the United Kingdom and Spain. Germany accounts for the largest volume with 2.2907 billion euros, while countries like Estonia contribute minimally with just 0.00013 billion euros. Year-on-year growth shows a notable increase in Finland (219.39%) and the Netherlands (139.32%), while Hungary (-5.78%), Greece (-5.23%), and Croatia (-6.81%) experienced declines. A five-year CAGR analysis reveals steady growth in several countries despite minor setbacks for some.
Looking forward, the essential oils market in Europe is anticipated to focus on renewable and natural resources, emphasizing innovation in sustainable practices and expanding into new markets. Germany is likely to consolidate its leading position, while emerging markets could drive further growth in smaller economies. Increased consumer demand for natural products may spur investments in value-added products and technological advancements.
Top countries in Sold Production of Essential Oils by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,290,700,000 | 2023 | +3.62% | +3.48% | View data |
| 2 | 2 United Kingdom | 907,280,000 | 2023 | +1.19% | +2.24% | View data |
| 3 | 3 Spain | 845,660,000 | 2023 | +5.15% | +5.32% | View data |
| 4 | 4 France | 633,430,000 | 2021 | -61.38% | -16.98% | View data |
| 5 | 5 Italy | 408,450,000 | 2023 | +2.6% | +6.43% | View data |
| 6 | 6 Austria | 114,180,000 | 2023 | +8.95% | +8.01% | View data |
| 7 | 7 Belgium | 105,150,000 | 2023 | +5.91% | -1.81% | View data |
| 8 | 8 Bulgaria | 73,129,000 | 2023 | +4.3% | +1.17% | View data |
| 9 | 9 Poland | 46,122,000 | 2023 | +3.92% | +3.47% | View data |
| 10 | 10 Sweden | 29,920,000 | 2023 | +2.32% | +16.05% | View data |
