In 2023, the import of essential oils of lemon to France stood at USD 19.815 million. Starting from 2024, the forecast indicates a consistent growth pattern in the value of imports: USD 20.32 million in 2024, rising to USD 22.094 million by 2028. This shows a steady year-on-year growth of approximately 2% to 2.5% yearly, exhibiting confidence in both market demand and supply capabilities. The compounded annual growth rate (CAGR) for the period is estimated at around 2.2%.
Future trends to watch for include potential market disruptions due to climate change affecting citrus yields, shifts in trade policies post-Brexit influencing EU imports, and increasing consumer shifts towards organic and ethically sourced products, which might affect pricing strategies and sourcing preferences.
