Portugal: 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 Portugal

In 2022, the Portuguese gum or wood oils market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, showed a deep slump. Gum or wood oils consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, gum or wood oils production contracted to $X in 2022 estimated in export price. Overall, production recorded a temperate increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level 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 Portugal

In 2022, shipments abroad of gum, wood or sulphate turpentine oils, pine oil and other alike was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports posted a prominent increase. The pace of growth was the most pronounced in 2015 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 amounted to $X in 2022. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Mexico (X tons), France (X tons) and India (X tons) were the main destinations of gum or wood oils exports from Portugal, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for gum or wood oils exported from Portugal were Mexico ($X), France ($X) and India ($X), with a combined X% share of total exports.

India, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination 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, rising by X% against the previous year. Over the period under review, the export price posted a perceptible expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($X per ton) and China ($X per ton), while the average price for exports to India ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (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 Portugal

In 2022, approx. X tons of gum, wood or sulphate turpentine oils, pine oil and other alike were imported into Portugal; with a decrease of X% against the previous year's figure. In general, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, gum or wood oils imports reduced markedly to $X in 2022. Overall, imports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of gum or wood oils to Portugal, with a X% share of total imports. Moreover, gum or wood oils imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold.

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

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

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

Import Prices by Country

The average gum or wood oils import price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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