CIS: 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 CIS

In 2022, the CIS gum or wood oils market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, recorded a abrupt setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, gum or wood oils production fell to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable decline. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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

Exports in CIS

For the third year in a row, the CIS recorded decline in shipments abroad of gum, wood or sulphate turpentine oils, pine oil and other alike, which decreased by X% to X tons in 2022. Total exports indicated temperate growth from 2012 to 2022: its volume 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, exports decreased by X% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, gum or wood oils exports shrank significantly to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Russia (X tons), together amounting to X% of total export.

Russia was also the fastest-growing in terms of the gum, wood or sulphate turpentine oils, pine oil and other alike exports, with a CAGR of X% from 2012 to 2022. Russia (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest gum or wood oils supplier in the CIS.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia stood at X%.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price showed a pronounced setback. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then shrank notably in the following year.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to X% per year.

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

Imports in CIS

In 2022, approx. X tons of gum, wood or sulphate turpentine oils, pine oil and other alike were imported in the CIS; waning by X% against 2021. Over the period under review, imports saw a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, gum or wood oils imports reduced to $X in 2022. Overall, imports showed a deep downturn. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Belarus was the major importer of gum, wood or sulphate turpentine oils, pine oil and other alike in the CIS, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. Russia (X tons) took the second position in the ranking, distantly followed by Armenia (X tons). All these countries together took approx. X% share of total imports. Uzbekistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

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

From 2012 to 2022, the average annual growth rate of value in Belarus stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Russia (X% per year) and Armenia (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, picking up by X% against the previous year. In general, the import price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Armenia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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