ASEAN: Market for Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike 2024

Market Size for Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike in ASEAN

The ASEAN gum or wood oils market dropped dramatically to $X in 2022, shrinking by X% against the previous year. Overall, consumption recorded a deep reduction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike in ASEAN

In value terms, gum or wood oils production contracted to $X in 2022 estimated in export price. Overall, production showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike

Exports in ASEAN

In 2022, the amount of gum, wood or sulphate turpentine oils, pine oil and other alike exported in ASEAN expanded significantly to X tons, picking up by X% on the previous year's figure. Over the period under review, exports saw a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, gum or wood oils exports stood at $X in 2022. Overall, exports showed a significant increase. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Indonesia (X tons) and Vietnam (X tons) dominates exports structure, together constituting X% of total exports. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Indonesia (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest gum or wood oils supplying countries in ASEAN were Indonesia ($X), Vietnam ($X) and Singapore ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Imports of Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike

Imports in ASEAN

In 2022, approx. X tons of gum, wood or sulphate turpentine oils, pine oil and other alike were imported in ASEAN; with a decrease of X% on the year before. In general, imports recorded a mild contraction. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, gum or wood oils imports shrank sharply to $X in 2022. Overall, imports, however, continue to indicate a slight expansion. The growth pace was the most rapid in 2019 with an increase of X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X tons) represented the largest importer of gum, wood or sulphate turpentine oils, pine oil and other alike, creating X% of total imports. Singapore (X tons) ranks second in terms of the total imports with a X% share, followed by Malaysia (X%). The following importers - Thailand (X tons), Lao People's Democratic Republic (X tons), the Philippines (X tons) and Vietnam (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to gum or wood oils imports into Indonesia stood at X%. At the same time, Lao People's Democratic Republic (X%), the Philippines (X%), Singapore (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) and Vietnam (X%) illustrated a downward trend over the same period. Singapore (X p.p.), Malaysia (X p.p.), Lao People's Democratic Republic (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand, Vietnam and Indonesia saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Indonesia ($X) constitutes the largest market for imported gum, wood or sulphate turpentine oils, pine oil and other alike in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

In Indonesia, gum or wood oils imports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, reducing by X% against the previous year. Import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform