Eastern Europe: 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 Eastern Europe

In 2022, the East European gum or wood oils market increased by X% to $X, rising for the third year in a row after seven years of decline. In general, consumption, however, continues to indicate a deep contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

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

In value terms, gum or wood oils production fell to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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

Exports in Eastern Europe

In 2022, the amount of gum, wood or sulphate turpentine oils, pine oil and other alike exported in Eastern Europe reduced slightly to X tons, which is down by X% compared with 2021 figures. 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 pace of growth was the most pronounced in 2017 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, gum or wood oils exports reduced to $X in 2022. Overall, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons) and Poland (X tons) represented the main exporters of gum, wood or sulphate turpentine oils, pine oil and other alike in 2022, reaching approx. X% and X% of total exports, respectively. It was distantly followed by Bulgaria (X tons), making up a X% share of total exports. Estonia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and Bulgaria ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Bulgaria, 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

In 2022, the export price in Eastern Europe amounted to $X per ton, declining by X% against the previous year. Export price indicated a perceptible 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. Based on 2022 figures, gum or wood oils export price decreased by X% against 2019 indices. The growth pace was the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Bulgaria ($X per ton) and Estonia ($X per ton), while Poland ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (X%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Eastern Europe

In 2022, imports of gum, wood or sulphate turpentine oils, pine oil and other alike in Eastern Europe reduced sharply to X tons, falling by X% against 2021. In general, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, gum or wood oils imports shrank to $X in 2022. Overall, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Belarus represented the key importing country with an import of about X tons, which reached X% of total imports. Russia (X tons) held the second position in the ranking, distantly followed by Hungary (X tons) and Poland (X tons). All these countries together took near X% share of total imports. The following importers - Slovakia (X tons) and Latvia (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Slovakia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Hungary ($X) and Russia ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Hungary, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price recorded a remarkable increase. The pace of growth appeared the most rapid in 2014 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 Slovakia ($X per ton), while Russia ($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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