What will become of the wholesale essential oil market in Australia?
Read more article What are the implications of a wholesale market for Australia’s economy?
The answer is uncertain.
The market for essential oils is in limbo, with governments looking to keep it open for as long as possible, while a growing number of companies have decided to sell their products overseas.
In February 2018, a group of Australian retailers announced they would start selling their essential oils overseas, citing the increased demand from overseas.
While the government has said the market will stay open for now, many consumers may have doubts about whether it is worth investing in the industry.
The Essential Oils Retailer Association, a trade group representing Australian retailers, said the decision was driven by the globalisation of the essential oils market and the lack of local supply.
“The Australian Essential Oiles Retailer has seen a significant increase in international demand for its essential oils products in the last few years and we are seeing that trend continuing in 2018 with the opening of a new market in the US,” the group said.
This has led to significant trade and industry disruptions, including significant trade disruptions and retail closures. “
However, the increasing demand for Australian essential oil has not been matched by sufficient domestic supply.
The Essential Oil Industry Association of Australia said the wholesale market in general would not be able to meet demand. “
Our members are now facing the prospect of being unable to sell essential oils internationally and the Australian Essential Oil Retailers Association is urging members to continue to diversify their business and to look for alternative business opportunities.”
The Essential Oil Industry Association of Australia said the wholesale market in general would not be able to meet demand.
“Wholesale markets are subject to significant regulatory, environmental, and economic considerations,” the association said.