Pakistan: 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 Pakistan

In 2022, the Pakistani gum or wood oils market decreased by X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption recorded a prominent increase. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

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

Exports from Pakistan

In 2022, shipments abroad of gum, wood or sulphate turpentine oils, pine oil and other alike decreased by X% to X tons, falling for the second year in a row after five years of growth. In general, exports, however, continue to indicate a moderate expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, gum or wood oils exports contracted sharply to $X in 2022. Over the period under review, exports saw a noticeable descent. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Qatar (X tons) was the main destination for gum or wood oils exports from Pakistan, accounting for a X% share of total exports. Moreover, gum or wood oils exports to Qatar exceeded the volume sent to the second major destination, Ethiopia (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Qatar totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (X% per year) and the United Arab Emirates (X% per year).

In value terms, Qatar ($X) remains the key foreign market for gum, wood or sulphate turpentine oils, pine oil and other alike exports from Pakistan, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Qatar amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Ethiopia (X% per year).

Export Prices by Country

In 2022, the average gum or wood oils export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price saw a noticeable shrinkage. The growth pace was the most rapid in 2019 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Ethiopia ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

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

Imports into Pakistan

Gum or wood oils imports into Pakistan expanded rapidly to X tons in 2022, with an increase of X% on 2021. Over the period under review, imports showed a strong expansion. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, gum or wood oils imports reduced remarkably to $X in 2022. In general, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest gum or wood oils supplier to Pakistan, 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, Germany (X tons), fivefold. The third position in this ranking was held by Vietnam (X tons), with a X% share.

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

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

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

Import Prices by Country

The average gum or wood oils import price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 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 Germany ($X per ton), while the price for Vietnam ($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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