China: 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 China

The Chinese gum or wood oils market shrank sharply to $X in 2022, reducing by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Gum or wood oils consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, gum or wood oils production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a slight slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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

Exports from China

In 2022, shipments abroad of gum, wood or sulphate turpentine oils, pine oil and other alike decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, gum or wood oils exports plummeted to $X in 2022. Overall, exports saw a deep reduction. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons), South Africa (X tons) and Lao People's Democratic Republic (X tons) were the main destinations of gum or wood oils exports from China, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lao People's Democratic Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for gum or wood oils exported from China were South Africa ($X), Indonesia ($X) and Germany ($X), with a combined X% share of total exports. Hong Kong SAR, Malaysia, Nigeria, Egypt, Singapore, the Philippines, Australia, Thailand, Spain and Lao People's Democratic Republic lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Lao People's Democratic Republic, with a CAGR of X%, recorded 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 average gum or wood oils export price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, export price indicated moderate growth 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. Based on 2022 figures, gum or wood oils export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (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 China

In 2022, purchases abroad of gum, wood or sulphate turpentine oils, pine oil and other alike decreased by X% to X tons, falling for the second year in a row after five years of growth. In general, imports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, gum or wood oils imports dropped markedly to $X in 2022. Over the period under review, imports, however, posted significant growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank markedly in the following year.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest gum or wood oils supplier to China, with a X% share of total imports. Moreover, gum or wood oils imports from Vietnam exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Sweden (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Vietnam stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Sweden (X% per year).

In value terms, the largest gum or wood oils suppliers to China were Vietnam ($X), India ($X) and Indonesia ($X), together accounting for X% of total imports.

In terms of the main suppliers, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average gum or wood oils import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price enjoyed a perceptible increase. The pace of growth was the most pronounced in 2015 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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