Natural Essential Oils (Page 2)
Essential oils are high value and low volume commodities. This makes them attractive crops to grow and process for small holder farmers and remote communities where transport facilities prevent them from marketing high volume cash crops.
Essential oils are one of the most important commodities exported from Nepal that can create a local level opportunity and contribute to economic growth of the country. These value added products are processed from native resources and have growing market demand. The essential oils are used for wide variety application such as perfumes, flavors, medicaments, cosmetics, household products and toiletries.
World’s total annual production of essential oils ranges from 100,000-110,000 tons. Major producers of essential oils are Brazil, China, USA, Egypt, India, Mexico, Guatemala and Indonesia. By comparison, Nepal produces only a negligible volume (Gurung, 2009). The world market for plant based medicines is estimated at US $ 30 billion, of which world trade of essential oils average over US $ 1.1 billion annually in which principal import markets are USA (40%), EU (30%) and Japan (7%) occupying over 75% of the total import (CBI, 2007).
Nepal exports about 55 tons of essential oils representing 2% of global trade, positioning the country 72 in the list of exportersí category. Similarly, Nepal exports about 29 tons of essential oils to India only (Gurung, 2009). Despite of the fact that whether the government or trader/exporter or development organizations are willing to work for economic growth and poverty alleviation in Nepal.
Quality control, packaging, and storage:
The quality of essential oil is checked, verified and packaged in aluminium/epoxy-coated metal/HDPE containers. The containers are stored in a safe place.