South-Eastern Asia: 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 South-Eastern Asia

The Southeast Asian gum or wood oils market dropped rapidly to $X in 2022, which is down by X% against the previous year. Overall, consumption saw a deep downturn. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike in South-Eastern Asia

In value terms, gum or wood oils production fell to $X in 2022 estimated in export price. Over the period under review, production enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

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

Exports in South-Eastern Asia

In 2022, exports of gum, wood or sulphate turpentine oils, pine oil and other alike in South-Eastern Asia expanded rapidly to X tons, surging by X% against 2021. Overall, exports showed a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, gum or wood oils exports reached $X in 2022. In general, exports showed significant growth. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Indonesia (X tons) and Vietnam (X tons) prevails in exports structure, together making up X% of total exports. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Indonesia (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Indonesia ($X), Vietnam ($X) and Singapore ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price, however, posted a buoyant increase. The growth pace was the most rapid 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 fell 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 Indonesia ($X per ton), while Singapore ($X per ton) was amongst the lowest.

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

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

Imports in South-Eastern Asia

For the third consecutive year, South-Eastern Asia recorded decline in overseas purchases of gum, wood or sulphate turpentine oils, pine oil and other alike, which decreased by X% to X tons in 2022. Over the period under review, imports showed a slight curtailment. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, gum or wood oils imports declined notably to $X in 2022. In general, imports, however, saw mild growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Indonesia (X tons) represented the major importer of gum, wood or sulphate turpentine oils, pine oil and other alike, mixing up X% of total imports. It was distantly followed by Singapore (X tons) and Malaysia (X tons), together constituting a X% share of total imports. Thailand (X tons), Lao People's Democratic Republic (X tons), the Philippines (X tons) and Vietnam (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to gum or wood oils imports into Indonesia stood at X%. At the same time, Lao People's Democratic Republic (X%), the Philippines (X%), Singapore (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) and Vietnam (X%) illustrated a downward trend over the same period. Singapore (X p.p.), Malaysia (X p.p.), Lao People's Democratic Republic (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand, Vietnam and Indonesia saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Indonesia ($X) constitutes the largest market for imported gum, wood or sulphate turpentine oils, pine oil and other alike in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

In Indonesia, gum or wood oils imports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, with a decrease of X% against the previous year. Import price indicated noticeable 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. The pace of growth appeared the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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