What is the price of peppermint oil per kilogram/pound in Australia today?
The retail price range for Australia peppermint oil is between US$ 31.54 and US$ 49.29 per kilogram or between US$ 14.30 and US$ 22.35 per pound(lb). Click here to see today's exact prices of peppermint oil in Australia
The retail price range in Australian Dollar for peppermint oil is between AUD 47.45 and AUD 74.14 per kilogram or between AUD 21.52 and AUD 33.62 per pound(lb) in Canberra and Melbourne.
Wholesale prices
In 2024, the approximate wholesale price range for Australia peppermint oil is between US$ 22.08 and US$ 34.50 per kilogram or between US$ 10.01 and US$ 15.65 per pound(lb).
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Australia Peppermint Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Peppermint Oil from Australia over the last five years has seen a steady increase. In 2017, the price was 25.86 US dollars per kilogram, and in 2021, the price had risen to 42.91 US dollars per kilogram. The highest price was recorded in 2019, at 41.30 US dollars per kilogram. The lowest price was recorded in 2014, at 19.38 US dollars per kilogram. The current price is 38.76 US dollars per kilogram. Based on the current trend, it is predicted that the export price per kilogram of Peppermint Oil from Australia in 2023 will be around 45.00 US dollars per kilogram, and in 2024, it will be around 48.00 US dollars per kilogram.Australia Peppermint Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Peppermint Oil into Australia over the last five years has been quite varied. In 2017, the price was 25.86 US dollars per kg, followed by a slight increase to 28.69 US dollars per kg in 2018. In 2019, the price saw a significant jump to 41.30 US dollars per kg, before dropping to 38.76 US dollars per kg in 2020. The price then rose again to 42.91 US dollars per kg in 2021, before dropping to 33.64 US dollars per kg in 2022. Based on the data, it is likely that the import price per kilogram of Peppermint Oil into Australia will continue to fluctuate in the coming years. We can predict that the price in 2023 will be around 37.75 US dollars per kg, and in 2024 it will be around 36.20 US dollars per kg.Export values for Australia peppermint oil
The total values in export for peppermint oil in Australia were US$ 890, US$ 1,138, US$ 459 and US$ 413 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Australia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of peppermint oil in other countries across Oceania: Fiji peppermint oil, French Polynesia peppermint oil, Guam peppermint oil, Micronesia peppermint oil, New Caledonia peppermint oil, Papua New Guinea peppermint oil, Samoa peppermint oil, Solomon Islands peppermint oil, Tonga peppermint oil & Vanuatu peppermint oil.
Australia peppermint oil - Production, Exports, Imports, Seasons and HS Codes
The amount of peppermint oil exported by Australia in 2020 was 33 metric tons. In 2019 Australia sold 10 tonnes of peppermint oil. For the year 2019 alone, the demand for Australia peppermint oil (processed category) has reduced, flactuating by -37.5 % compared to the year 2018. Between 2017 and 2019, peppermint oil's exports decreased by -77.27% earning the nation US$0.41m for the year 2019. Australia's peppermint oil exports are categorised as:
- Oils of peppermint "Mentha piperita", whether or not terpeneless, incl. concretes and absolutes (HS code 330124)
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Australia peppermint oil export values
In 2019, Australia sold peppermint oil valued at 0.41m USD, a decrease of -10.68% from 2018's total peppermint oil export of 0.459m USD. The annual reduction in value of Australia peppermint oil between 2017 to 2018 was -59.666 percent.
The annual/yearly variation in the volume of Australia's peppermint oil exports between 2017 and 2019 was -77.27% when compared to a variation of -37.5% in the growth rate between 2018 and 2019.
Australia's portion of the world's total peppermint oil's exports in 2019 was 1.9 per cent. The country holds position 17 in world exports of peppermint oil.
Export markets for Australia peppermint oil ( in '000$ )
Import/Export Trends
Australia is a net exporter of peppermint oil. The annual growth of Australia peppermint oil in value between 2015 to 2019 was 2%, per annum, while annual growth in quantity was -4%, per annum.
Australia bought 60 tonnes of peppermint oil in 2019.