The essential oils of orange market in Ecuador saw a gradual rise in per capita value from $0.066 in 2013 to $0.08 in 2023. This reflects an overall increasing trend across the past decade. Specifically, between 2022 and 2023, the value per capita increased by approximately 1.27%. Over the last five years, the compound annual growth rate (CAGR) demonstrates an average growth of 1.01% annually.
Future trends to watch for include:
- Potential shifts in consumer preferences towards natural and organic products which could boost market demand.
- Impact of global supply chain changes affecting the availability and costs of essential oils.
- Economic factors in Ecuador that might influence the purchasing power and consumption of essential oils.
| # | 8 Countries | US Dollars Per Capita | Last Year | |
|---|---|---|---|---|
| 1 | 1 Denmark | 0.93 | 2023 | View data |
| 2 | 2 Italy | 0.8 | 2023 | View data |
| 3 | 3 Australia | 0.68 | 2023 | View data |
| 4 | 4 Austria | 0.55 | 2023 | View data |
| 5 | 5 Greece | 0.17 | 2023 | View data |
| 6 | 6 Latvia | 0.14 | 2023 | View data |
| 7 | 7 China | 0.14 | 2023 | View data |
| 8 | 8 Ecuador | 0.08 | 2023 |
