In 2023, Austria led the European export market for concentrates of essential oils in fats, followed by Italy and Bulgaria. Notable growths were observed in Luxembourg and Greece, with significant increases in volume. Ireland and Italy also experienced upward trends, while Germany, France, and Belgium saw declines. France notably ceased exports, declining 100%. The Netherlands showed a strong growth of over 57%, indicating a positive development in export capabilities. To provide longer-term understanding, the compound annual growth rate (CAGR) approach offers a perspective on export volume changes over the past five years.
Future trends to watch involve the adaptation to sustainable practices, regulations on essential oils, and technological advancements that could influence the production and export dynamics in this sector. Monitoring geopolitical impacts and market shifts towards natural products will also inform future developments.
Top countries in Export of Concentrates of Essential Oils in Fats by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Austria | 3,428,500 | 2023 | +9.19% | +4.39% | View data |
| 2 | 2 Italy | 2,984,900 | 2023 | -62.45% | +53.17% | View data |
| 3 | 3 Bulgaria | 2,348,100 | 2023 | +5.05% | +8.53% | View data |
| 4 | 4 Ireland | 1,295,700 | 2023 | -0.63% | +6.88% | View data |
| 5 | 5 Germany | 969,640 | 2023 | +1.77% | -3.55% | View data |
| 6 | 6 Spain | 769,350 | 2023 | -17.25% | +0.87% | View data |
| 7 | 7 Luxembourg | 583,290 | 2023 | +81.95% | +91.92% | View data |
| 8 | 8 France | 361,110 | 2023 | -35.66% | View data | |
| 9 | 9 Greece | 284,410 | 2023 | +22.65% | +68.24% | View data |
| 10 | 10 Belgium | 265,280 | 2023 | -10.35% | -10.35% | View data |
