HS Code:
Jasmine, often classified under HS Code 0603 (cut flowers and flower buds for bouquets or ornamental purposes) or HS Code 3301 (essential oils, including jasmine oil), refers to a genus of shrubs and vines in the olive family (Oleaceae). It is widely cultivated for its fragrant flowers, used in perfumes, teas, and as ornamental plants. Jasmine products are traded globally, with significant demand in the fragrance, cosmetic, and food industries. The trade includes fresh jasmine flowers, jasmine essential oil, and jasmine-infused products like tea. The market is influenced by climatic conditions, cultivation practices, and consumer preferences for natural and organic products.
Total Trade Volume
Approximately $500 million USD
Data from 2022
Source
International Trade Centre (ITC) Trade Map, UN Comtrade Database
$150 million USD
30% of total trade of total trade
Increasing
$120 million USD
24% of total trade of total trade
Stable
$80 million USD
16% of total trade of total trade
Increasing
$50 million USD
10% of total trade of total trade
Stable
$40 million USD
8% of total trade of total trade
Increasing
Average Rate
6.5% ad valorem
Highest Rate
15% (applied by certain countries on jasmine essential oils as luxury goods)
Lowest Rate
0% (under free trade agreements or for developing country exports under GSP schemes)
Rising demand for natural fragrances
Increased exports of jasmine essential oil to the cosmetic and perfume industries in Europe and North America
2021-2022
Growth in organic jasmine products
Higher prices and market share for certified organic jasmine flowers and oils, particularly from India and Morocco
2020-2022
Expansion of jasmine tea market
Boost in trade volume for jasmine-infused teas, driven by demand in Asia and health-conscious markets globally
2019-2022
India introduced a new export incentive under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, benefiting jasmine flower and oil exporters.
January 2023
Expected to increase India's jasmine export competitiveness by offsetting taxes and duties.
The European Union updated its phytosanitary requirements for importing cut flowers, including jasmine, requiring stricter pest control certifications.
March 2023
Potential short-term trade disruptions for exporters not meeting the new standards, particularly from African and Asian countries.
Morocco launched a government-backed program to expand jasmine cultivation areas to meet rising global demand for essential oils.
June 2022
Likely to increase Morocco's market share in jasmine oil exports over the next 3-5 years.