From 2013 to 2023, the Essential Oils of Orange Market in Chile saw a gradual increase in per capita value from $0.20 to $0.29. Notably, a dip was observed in 2020, likely due to the global pandemic effects, followed by recovery. Year-on-year variations show a 3.57% increase from 2022 to 2023. The five-year CAGR from 2018 to 2023 stood at approximately 3.02%, indicating steady growth. In 2023, the value stood at $0.29 per capita.
Future trends to watch:
- Continued interest in natural and sustainable products could drive further growth.
- Potential new applications for essential oils in wellness and healthcare sectors.
- Market responsiveness to global price changes and supply chain challenges.
