Egypt: 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 Egypt

The Egyptian gum or wood oils market fell to $X in 2022, approximately reflecting the previous year. Over the period under review, consumption saw a abrupt descent. Gum or wood oils consumption peaked 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 Egypt

In value terms, gum or wood oils production fell modestly to $X in 2022 estimated in export price. In general, production recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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

Exports from Egypt

In 2022, overseas shipments of gum, wood or sulphate turpentine oils, pine oil and other alike were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a significant contraction. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure 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 skyrocketed to $X in 2022. In general, exports, however, faced a deep contraction. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Israel (X tons) was the main destination for gum or wood oils exports from Egypt, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Israel was relatively modest.

In value terms, Israel ($X) emerged as the key foreign market for gum, wood or sulphate turpentine oils, pine oil and other alike exports from Egypt.

From 2012 to 2022, the average annual growth rate of value to Israel was relatively modest.

Export Prices by Country

In 2022, the average gum or wood oils export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2020 an increase of X%. The export price peaked in 2022 and is likely to see steady growth in the near future.

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

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

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

Imports into Egypt

In 2022, gum or wood oils imports into Egypt reached X tons, with an increase of X% on 2021 figures. Overall, imports, however, saw a noticeable shrinkage. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, gum or wood oils imports expanded sharply to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of gum or wood oils to Egypt, with a X% share of total imports. Moreover, gum or wood oils imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. France (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 China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and France (X% per year).

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

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

Import Prices by Country

In 2022, the average gum or wood oils import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, import price indicated a noticeable expansion 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 import price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($X per ton) and France ($X per ton), while the price for the United States ($X per ton) and China ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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