Mexico: 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 Mexico

The Mexican gum or wood oils market shrank significantly to $X in 2022, waning by X% against the previous year. In general, consumption continues to indicate a abrupt decline. Over the period under review, the market reached the peak 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 Mexico

In value terms, gum or wood oils production declined remarkably to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by X%. Gum or wood oils 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 from Mexico

In 2022, shipments abroad of gum, wood or sulphate turpentine oils, pine oil and other alike increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, gum or wood oils exports rose sharply to $X in 2022. In general, exports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for gum or wood oils exports from Mexico, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to X%.

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

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to X%.

Export Prices by Country

In 2022, the average gum or wood oils export price amounted to $X per ton, surging by X% against the previous year. In general, the export price showed a modest increase. 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.

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

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

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

Imports into Mexico

In 2022, imports of gum, wood or sulphate turpentine oils, pine oil and other alike into Mexico dropped significantly to X tons, which is down by X% against 2021. In general, imports continue to indicate a precipitous curtailment. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, gum or wood oils imports contracted rapidly to $X in 2022. Over the period under review, imports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) was the main gum or wood oils supplier to Mexico, with a X% share of total imports. Moreover, gum or wood oils imports from the United States exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

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

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

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

Import Prices by Country

In 2022, the average gum or wood oils import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price showed resilient growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Spain ($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 more modest paces of growth.

Source: IndexBox Platform

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