Greece: 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 Greece

In 2022, the Greek gum or wood oils market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, showed a deep reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, gum or wood oils production dropped to $X in 2022 estimated in export price. In general, production continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Gum or wood oils production peaked 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 Greece

In 2022, the amount of gum, wood or sulphate turpentine oils, pine oil and other alike exported from Greece reduced sharply to X tons, with a decrease of X% compared with the year before. In general, exports recorded a mild shrinkage. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then shrank markedly in the following year.

In value terms, gum or wood oils exports fell notably to $X in 2022. Overall, exports, however, enjoyed tangible growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then fell rapidly in the following year.

Exports by Country

France (X tons), India (X tons) and the United States (X tons) were the main destinations of gum or wood oils exports from Greece, with a combined X% share of total exports. Spain and Ireland lagged somewhat behind, together comprising a further X%.

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

In value terms, France ($X), India ($X) and Spain ($X) appeared to be the largest markets for gum or wood oils exported from Greece worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Spain, with a CAGR of X%, saw 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 average gum or wood oils export price amounted to $X per ton, increasing by X% against the previous year. Overall, export price indicated temperate 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% against the previous year. 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 France ($X per ton), while the average price for exports to the United States ($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 Hong Kong SAR (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 Greece

For the sixth year in a row, Greece recorded growth in overseas purchases of gum, wood or sulphate turpentine oils, pine oil and other alike, which increased by X% to X tons in 2022. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, gum or wood oils imports skyrocketed to $X in 2022. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of gum or wood oils to Greece, with a X% share of total imports. Moreover, gum or wood oils imports from India exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold.

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

In value terms, India ($X) constituted the largest supplier of gum, wood or sulphate turpentine oils, pine oil and other alike to Greece, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Spain (X% per year).

Import Prices by Country

The average gum or wood oils import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price posted a temperate expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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