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 Europe

In 2022, the Europe gum or wood oils market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, consumption, however, showed a noticeable reduction. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, gum or wood oils production expanded markedly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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

Exports in Europe

In 2022, approx. X tons of gum, wood or sulphate turpentine oils, pine oil and other alike were exported in Europe; falling by X% on 2021 figures. Over the period under review, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, gum or wood oils exports reached $X in 2022. In general, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Finland (X tons) and Sweden (X tons) represented the key exporters of gum, wood or sulphate turpentine oils, pine oil and other alike in 2022, accounting for near X% and X% of total exports, respectively. Portugal (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Russia (X%) and Poland (X%). The following exporters - Belgium (X tons) and Spain (X tons) - each reached a X% share of total exports.

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

In value terms, the largest gum or wood oils supplying countries in Europe were Finland ($X), Portugal ($X) and Sweden ($X), together comprising X% of total exports.

Finland, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries 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 Europe amounted to $X per ton, increasing by X% against the previous year. 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 growth pace was the most rapid in 2018 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Portugal ($X per ton), while Sweden ($X per ton) was amongst the lowest.

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

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

Imports in Europe

Gum or wood oils imports expanded notably to X tons in 2022, surging by X% compared with 2021. Over the period under review, imports, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs 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 rose sharply to $X in 2022. In general, imports recorded temperate growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

France prevails in imports structure, reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Finland (X tons), constituting a X% share of total imports. Spain (X tons), Germany (X tons) and the UK (X tons) followed a long way behind the leaders.

France experienced a relatively flat trend pattern with regard to volume of imports of gum, wood or sulphate turpentine oils, pine oil and other alike. Spain and Germany experienced a relatively flat trend pattern. the UK (X%) and Finland (X%) illustrated a downward trend over the same period. While the share of France (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Finland (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in France totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Spain (X% per year) and the UK (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price, however, recorded a pronounced expansion. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a 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 the UK ($X per ton), while Finland ($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 other leaders experienced more modest paces of growth.

Source: IndexBox Platform