Belgium: 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 Belgium

The Belgian gum or wood oils market fell modestly to $X in 2022, waning by X% against the previous year. In general, consumption showed a abrupt shrinkage. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

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

In value terms, gum or wood oils production declined to $X in 2022 estimated in export price. Overall, production showed a deep downturn. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

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

Exports from Belgium

After two years of growth, shipments abroad of gum, wood or sulphate turpentine oils, pine oil and other alike decreased by X% to X tons in 2022. In general, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then declined slightly in the following year.

In value terms, gum or wood oils exports expanded remarkably to $X in 2022. Over the period under review, exports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

India (X tons) was the main destination for gum or wood oils exports from Belgium, with a X% share of total exports. Moreover, gum or wood oils exports to India exceeded the volume sent to the second major destination, the Netherlands (X tons), sixfold. Hungary (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Hungary (X% per year).

In value terms, India ($X), Hungary ($X) and the Netherlands ($X) were the largest markets for gum or wood oils exported from Belgium worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, India, with a CAGR of X%, recorded the highest growth rate of 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

The average gum or wood oils export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Belgium

After two years of decline, supplies from abroad of gum, wood or sulphate turpentine oils, pine oil and other alike increased by X% to X tons in 2022. In general, imports, however, continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, gum or wood oils imports surged to $X in 2022. Overall, imports showed pronounced growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of gum or wood oils to Belgium, accounting for a X% share of total imports. Moreover, gum or wood oils imports from France exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and the United States (X% per year).

In value terms, France ($X) constituted the largest supplier of gum, wood or sulphate turpentine oils, pine oil and other alike to Belgium, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Germany (X% per year).

Import Prices by Country

The average gum or wood oils import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price continues to indicate a remarkable increase. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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