Latin America and the Caribbean: 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 Latin America and the Caribbean

The Latin American gum or wood oils market dropped markedly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption recorded a abrupt shrinkage. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike in Latin America and the Caribbean

In value terms, gum or wood oils production declined to $X in 2022 estimated in export price. The total production indicated a slight increase from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by 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 Latin America and the Caribbean

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 after two years of decline. In general, exports posted resilient growth. 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 remained at a lower figure.

In value terms, gum or wood oils exports expanded rapidly to $X in 2022. Over the period under review, exports saw a strong increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil was the major exporter of gum, wood or sulphate turpentine oils, pine oil and other alike in Latin America and the Caribbean, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Argentina (X tons), creating a X% share of total exports.

Brazil 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. At the same time, Argentina (X%) displayed positive paces of growth. Brazil (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, Brazil ($X) remains the largest gum or wood oils supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports.

In Brazil, gum or wood oils exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, shrinking by X% against the previous year. In general, the export price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Argentina totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%).

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

Imports in Latin America and the Caribbean

In 2022, approx. X tons of gum, wood or sulphate turpentine oils, pine oil and other alike were imported in Latin America and the Caribbean; surging by X% on the year before. In general, imports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 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 contracted modestly to $X in 2022. Overall, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Colombia represented the largest importer of gum, wood or sulphate turpentine oils, pine oil and other alike in Latin America and the Caribbean, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by Chile (X tons), Brazil (X tons), Mexico (X tons) and Suriname (X tons), together comprising a X% share of total imports. Bolivia (X tons), Peru (X tons), Argentina (X tons), Costa Rica (X tons), Ecuador (X tons) and Jamaica (X tons) held a minor share of total imports.

Imports into Colombia increased at an average annual rate of X% from 2012 to 2022. At the same time, Suriname (X%), Bolivia (X%), Brazil (X%), Jamaica (X%) and Costa Rica (X%) displayed positive paces of growth. Moreover, Suriname emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Peru experienced a relatively flat trend pattern. By contrast, Chile (X%), Ecuador (X%), Argentina (X%) and Mexico (X%) illustrated a downward trend over the same period. While the share of Colombia (X p.p.), Brazil (X p.p.), Chile (X p.p.), Suriname (X p.p.), Bolivia (X p.p.), Peru (X p.p.) and Costa Rica (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Colombia, gum or wood oils imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Mexico (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, declining by X% against the previous year. Import price indicated resilient 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 import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of import peaked 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 destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Suriname ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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