U.S.: 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 the U.S.

The U.S. gum or wood oils market reduced notably to $X in 2022, with a decrease of X% against the previous year. Overall, the total consumption indicated slight growth from 2012 to 2022: its value 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. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, and then declined rapidly in the following year.

Production of Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike in the U.S.

In value terms, gum or wood oils production dropped to $X in 2022. In general, production recorded a mild setback. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

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

Exports from the U.S.

In 2022, after two years of decline, there was significant growth in shipments abroad of gum, wood or sulphate turpentine oils, pine oil and other alike, when their volume increased by X% to X tons. In general, exports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, gum or wood oils exports rose remarkably to $X in 2022. Overall, exports, however, showed a noticeable decline. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for gum or wood oils exports from the United States, with a X% share of total exports. Moreover, gum or wood oils exports to India exceeded the volume sent to the second major destination, France (X tons), threefold. Mexico (X tons) ranked third in terms of total exports with a X% share.

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

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

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

Export Prices by Country

In 2022, the average gum or wood oils export price amounted to $X per ton, reducing by X% against the previous year. Overall, export price indicated a mild expansion 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 growth pace was the most rapid in 2020 an increase of X%. The export price peaked at $X per ton in 2021, and then fell markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to France ($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 Mexico (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 the U.S.

In 2022, purchases 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, imports, however, continue to indicate a pronounced reduction. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, gum or wood oils imports skyrocketed to $X in 2022. In general, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Mexico (X tons), Brazil (X tons) and Canada (X tons) were the main suppliers of gum or wood oils imports to the United States, with a combined X% share of total imports. France, Spain, India, Indonesia and Finland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Mexico ($X) and Canada ($X) constituted the largest gum or wood oils suppliers to the United States, with a combined X% share of total imports. France, India, Spain, Indonesia and Finland lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, recorded the highest growth rate of 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

The average gum or wood oils import price stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Finland ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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