The United States leads in importing essential oils, resinoids, and terpenic by-products in 2023, with a value of $1.06 billion, followed by France and Germany. The top five, including the United Kingdom and India, together account for the majority of imports. Year-on-year analysis reveals a modest increase in import value due to rising demand for natural products in personal care and wellness industries. The compound annual growth rate (CAGR) over the last five years shows consistent expansion, driven by consumer preferences for organic and natural ingredients.
Future trends to watch:
- Growing demand for organic essential oils will drive import growth, especially in health and wellness sectors.
- Technological advancements in extraction methods may influence import sources and market dynamics.
- Regulatory changes in major markets could impact trade flows and import volumes.
Top countries in Top Importers of Essential Oils, Resinoids and Terpenic By-Products
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 United States | 1,060 | 2016 | |
| 2 | 2 France | 386.49 | 2016 | |
| 3 | 3 Germany | 355.51 | 2016 | |
| 4 | 4 United Kingdom | 285.07 | 2016 | |
| 5 | 5 India | 212.28 | 2016 | |
| 6 | 6 China | 189.29 | 2016 | |
| 7 | 7 Japan | 174.62 | 2016 | |
| 8 | 8 Singapore | 150.62 | 2016 | |
| 9 | 9 Switzerland | 138.8 | 2016 | |
| 10 | 10 Ireland | 131.46 | 2016 |
