In 2023, the United States led as the top exporter of essential oils, resinoids, and terpenic by-products, boasting a value of $634.49 million. Trailing closely, India held a prominent position at $607.73 million, while China and France marked significant roles in the market at $423.52 million and $396.75 million, respectively. Similarly, Brazil contributed notably with $339.05 million. The United Kingdom, Argentina, Germany, Indonesia, and Mexico also played key roles, reflecting the global distribution of this specialized export sector.
Future trends to watch:
- Emerging economies are expected to increase their market share, driven by growing demand for natural products.
- Technological advancements in extraction and sustainable practices might enhance production efficiency.
- Geopolitical factors could influence the supply chain dynamics, affecting global trade patterns for these products.
Top countries in Top Exporters of Essential Oils, Resinoids and Terpenic By-Products
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 United States | 634.49 | 2016 | |
| 2 | 2 India | 607.73 | 2016 | |
| 3 | 3 China | 423.52 | 2016 | |
| 4 | 4 France | 396.75 | 2016 | |
| 5 | 5 Brazil | 339.05 | 2016 | |
| 6 | 6 United Kingdom | 218.63 | 2016 | |
| 7 | 7 Argentina | 196.38 | 2016 | |
| 8 | 8 Germany | 191.52 | 2016 | |
| 9 | 9 Indonesia | 166.38 | 2016 | |
| 10 | 10 Mexico | 144.93 | 2016 |
