The World Market for Essential Oils Including Concretes, Absolutes, Resinoids, Concentrates, and Terpenic By-Products of Essential Oils: A 2024 Global Trade Perspective

This report was created for strategic planners, international executives, and import/export managers who are concerned with the market for essential oils including concretes, absolutes, resinoids, concentrates, and terpenic by-products of essential oils. With the globalization of this market, managers can no longer be contented with a local view. Nor can managers be contented with out-of-date statistics that appear several years after the fact. Professor Philip M. Parker, the Chair Professor of Management Science at INSEAD, has developed a methodology, based on macroeconomic and trade models, to estimate the market for essential oils including concretes, absolutes, resinoids, concentrates, and terpenic by-products of essential oils for those countries serving the world market via exports or supplying from various countries via imports. He does so for the current year based on a variety of key historical indicators and econometric models. "Essential oils including concretes, absolutes, resinoids, concentrates, and terpenic by-products of essential oils" as a category is defined in this report following the definition given by the United Nations Statistics Division Classification Registry 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.