In 2023, Germany led the European essential oils market with a substantial share of 34.94%, followed by France (12.93%), Spain (12.82%), and the United Kingdom (12.43%). Italy (9.75%) and Poland (5.74%) showcased notable growth rates, while Finland experienced the highest surge at 167.13%. On the contrary, the United Kingdom (-1.33%) saw a slight decline, and Estonia showed the most significant reduction at -37.91%.
Over the past two years, the market displayed varied growth with Romania (72.4%) and Poland (29.35%) showing prominent increases, indicative of expanding production capabilities. Conversely, countries like Hungary (-5.71%) and Bosnia and Herzegovina (-7.18%) experienced downturns.
Looking forward to 2024, Germany is expected to maintain its dominance. Developing markets such as Romania and Finland should be monitored for their rapid growth. Additionally, watch for potential recovery efforts in countries experiencing declines such as Estonia and Bosnia and Herzegovina.
Top countries in Sold Production of Essential Oils Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 34.94 | 2023 | +3.72% | +1.09% | View data |
| 2 | 2 France | 12.93 | 2023 | +2.36% | +0.6% | View data |
| 3 | 3 Spain | 12.82 | 2023 | +3.29% | +4.8% | View data |
| 4 | 4 United Kingdom | 12.43 | 2023 | -1.18% | -1.33% | View data |
| 5 | 5 Netherlands | 10.14 | 2023 | +6.63% | +0.7% | View data |
| 6 | 6 Italy | 7.17 | 2023 | +2.6% | +9.75% | View data |
| 7 | 7 Belgium | 7.15 | 2023 | +8.68% | +1.28% | View data |
| 8 | 8 Austria | 2.67 | 2023 | +3.55% | +4.86% | View data |
| 9 | 9 Poland | 1.29 | 2023 | +3.77% | +5.74% | View data |
| 10 | 10 Sweden | 1.11 | 2023 | -0.9% | +29.35% | View data |
