Spain: 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 Spain

In 2022, the Spanish gum or wood oils market was finally on the rise to reach $X after four years of decline. Over the period under review, consumption recorded perceptible growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, gum or wood oils production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a prominent increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

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

Exports from Spain

In 2022, overseas shipments of gum, wood or sulphate turpentine oils, pine oil and other alike decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, gum or wood oils exports dropped markedly to $X in 2022. Over the period under review, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at $X in 2021, and then contracted markedly in the following year.

Exports by Country

France (X tons) was the main destination for gum or wood oils exports from Spain, with a X% share of total exports. Moreover, gum or wood oils exports to France exceeded the volume sent to the second major destination, Portugal (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and Germany (X% per year).

In value terms, France ($X) remains the key foreign market for gum, wood or sulphate turpentine oils, pine oil and other alike exports from Spain, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Portugal, with a X% share.

From 2012 to 2022, the average annual growth rate of value to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Portugal (X% per year).

Export Prices by Country

The average gum or wood oils export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price, however, posted a tangible increase. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2021, and then shrank slightly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to France ($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 France (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 Spain

In 2022, overseas purchases of gum, wood or sulphate turpentine oils, pine oil and other alike decreased by X% to X tons, falling for the third year in a row after two years of growth. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, gum or wood oils imports fell notably to $X in 2022. In general, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Portugal (X tons), Brazil (X tons) and China (X tons) were the main suppliers of gum or wood oils imports to Spain, together comprising X% of total imports. Germany, France, Chile, the United States and Argentina lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest gum or wood oils suppliers to Spain were Portugal ($X), Brazil ($X) and Germany ($X), with a combined X% share of total imports. China, the United States, Chile, France and Argentina lagged somewhat behind, together comprising a further X%.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average gum or wood oils import price amounted to $X per ton, falling by X% against the previous year. Overall, the import price, however, posted a resilient increase. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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