As of 2023, Austria leads Europe's imports of concentrates of essential oils in fats, holding the largest share, followed by Germany and France. Notably, Ireland, Portugal, and Lithuania are seeing significant growth, with year-on-year increases of 17.72%, 26.45%, and 15.39%, respectively. Meanwhile, Belgium, Finland, and Luxembourg recorded declines. Over the past five years, Spain and Ireland have demonstrated consistent growth, pointing to promising market dynamics in these regions.
Future trends to watch:
- Economic shifts impacting import capabilities.
- Market demand fluctuations driven by consumer preferences for natural products.
- Regulatory changes affecting trade policies for essential oil components.
Top countries in Import of Concentrates of Essential Oils in Fats Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Austria | 20.45 | 2023 | +16.86% | +1.58% | View data |
| 2 | 2 Germany | 16.19 | 2023 | +1.73% | +2.75% | View data |
| 3 | 3 France | 14.34 | 2023 | +2.21% | +8.29% | View data |
| 4 | 4 United Kingdom | 12.25 | 2023 | +0.039% | -1.51% | View data |
| 5 | 5 Netherlands | 8.81 | 2023 | -0.2% | +1.78% | View data |
| 6 | 6 Spain | 8.79 | 2023 | +3.33% | +11.01% | View data |
| 7 | 7 Ireland | 5.64 | 2023 | +0.2% | +17.72% | View data |
| 8 | 8 Italy | 5.06 | 2023 | +4.8% | +3.86% | View data |
| 9 | 9 Poland | 3.26 | 2023 | +2.98% | +10.23% | View data |
| 10 | 10 Romania | 1.97 | 2023 | +2.2% | +0.66% | View data |
