This report is prepared for strategic planners, international executives, and import / export managers dealing with the essential oils market including stresses, absolutes, resinoids, concentrates, and terpenic by-products of essential oils. With the globalization of this market, managers can no longer be satisfied with a local perspective. Nor can managers be satisfied with outdated statistics that appear several years later. I have developed a methodology based on macroeconomic and trade models to estimate the essential oils market including stresses, absolutes, resinoids, concentrates and terpenic by-products of essential oils for those countries serving the world market via exports or supplies from different countries Countries about imports. I am doing this for the current year based on a variety of key historical indicators and econometric models.
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On the demand side, exporters and strategic planners approaching the world market are faced with a number of questions. Which countries supply essential oils including concretes, absolutes, resinoids, concentrates and terpenic by-products of essential oils? What is the dollar value of these imports? How do essential oils imports, including concretes, absolutes, resinoids, concentrates, and terpenic by-products of essential oils, vary from country to country? Do exporters serving the world market have similar market shares in the importing countries? Which countries supply the most exports of essential oils including concretes, absolutes, resinoids, concentrates and terpenic by-products of essential oils? Which countries are buying their exports? What is the value of these exports and which countries are the biggest buyers?
Below, Chapter 2 first summarizes the regional markets for imported and exported essential oils, including concretes, absolutes, resinoids, concentrates, and terpenic by-products of essential oils. The global total level of imports and exports, as well as that for each region, is based on a model that is aggregated into over 150 important country markets and projects them onto the current year. From there, each country represents a percentage of the world market. This market is served by a number of competitive countries of origin. Based on the dynamics on the demand and supply side, the market shares by country of origin are then calculated for each market target of a country. These proportions result in a volume of import and export values for each country and are aggregated into regional and global sums. In this way we can get estimates of the maximum likelihood of both the value of each market and the shares countries are expected to receive that year. Rankings are calculated from these numbers so that managers can prioritize markets. In this way, all of the numbers presented in this report are projections that can be combined with internal information for strategic planning purposes.
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After the global summary of imports and exports in Chapter 2, Chapter 3 details the exports of essential oils including concretes, absolutes, resinoids, concentrates and terpenic by-products of essential oils for each individual country. Chapter 4 does the same, but for the importation of essential oils, including stresses, absolutes, resinoids, concentrates and terpenic by-products of essential oils, for all countries of the world. In all cases the total dollar volume and the percentage of the stock values of the main trading partner are given. Taken together, Chapters 3 and 4 show the big picture for the import and export of essential oils, including concretes, absolutes, resinoids, concentrates and terpenic by-products of essential oils to and from all major countries in the world. Therefore, if one country is not reported here out of the 150 countries considered, a negligible trade in essential oils including stresses, absolutes, resinoids, concentrates and terpenic by-products of essential oils (i.e. their market stocks are estimated to be close to or equal to zero percent) . The “Essential Oils, Including Concretes, Absolutes, Resinoids, Concentrates, and Terpene By-products of Essential Oils” category is defined in this report as defined by the United Nations Statistics Division’s Classification Register using the Standard International Trade Classification, Revision 3 (SITC, Rev . 3). The SITC code that defines “essential oils including concretes, absolutes, resinoids, concentrates and terpenic by-products of essential oils” is 5513.
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Important caveat: The numbers should be viewed as market estimates as opposed to historical records as these are forecast for the current trading year. More importantly, given that unpredictable factors could disrupt the markets in reaching their reported levels, the numbers should be viewed as estimates of potential. For example, mad cow disease, foot and mouth disease, trade embargoes, labor disputes, military conflicts, acts of terrorism and other events are sure to have an impact on actual trade flows recorded for a variety of industries or product categories. In such cases, the difference between the numbers reported in this report and the numbers actually observed could be interpreted as a “net loss” or “net profit” as these exogenous events affect the regular flows of trade that would have occurred had these events not occurred.
Related Reports: This report is prepared for the Essential Oils Market including Concretes, Absolutes, Resinoids, Concentrates, and Terpenic By-products of Essential Oils. ICON Group’s closely related reports include:
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