Overview of the Global Market for Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike

Market Size for Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike

The global gum or wood oils market amounted to $X in 2022, surging by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Global consumption peaked 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 value terms, gum or wood oils production dropped modestly to $X in 2022 estimated in export price. In general, production, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Global production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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

Exports

In 2022, overseas shipments of gum, wood or sulphate turpentine oils, pine oil and other alike increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, total exports indicated a resilient increase from 2012 to 2022: its volume 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 most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the global exports remained at a lower figure.

In value terms, gum or wood oils exports expanded to $X in 2022. In general, exports showed a strong expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The global exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Brazil (X tons), distantly followed by Indonesia (X tons), Finland (X tons), Sweden (X tons), Vietnam (X tons) and the United States (X tons) were the largest exporters of gum, wood or sulphate turpentine oils, pine oil and other alike, together making up X% of total exports. South Africa (X tons), Portugal (X tons), Argentina (X tons), China (X tons), Russia (X tons), Poland (X tons) and India (X tons) held a little share of total exports.

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

In value terms, Brazil ($X), Indonesia ($X) and Vietnam ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of global exports. The United States, Finland, Portugal, Sweden, India, Argentina, China, South Africa, Russia and Poland lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, India, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global 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, falling by X% against the previous year. Over the period under review, export price indicated a moderate 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. Based on 2022 figures, gum or wood oils export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then dropped slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while South Africa ($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 global leaders experienced more modest paces of growth.

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

Imports

In 2022, the amount of gum, wood or sulphate turpentine oils, pine oil and other alike imported worldwide rose markedly to X tons, with an increase of X% against the year before. Overall, total imports indicated a notable increase from 2012 to 2022: its volume 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, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, global imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, gum or wood oils imports totaled $X in 2022. In general, imports posted a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

India represented the largest importing country with an import of about X tons, which resulted at X% of total imports. It was distantly followed by France (X tons), Zimbabwe (X tons) and the United States (X tons), together mixing up a X% share of total imports. The following importers - Finland (X tons), Japan (X tons) and China (X tons) - each finished at a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Zimbabwe (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported gum, wood or sulphate turpentine oils, pine oil and other alike worldwide, comprising X% of global imports. The second position in the ranking was held by France ($X), with an X% share of global imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled X%. In the other countries, the average annual rates were as follows: France (X% per year) and the United States (X% per year).

Import Prices by Country

The average gum or wood oils import price stood at $X per ton in 2022, dropping by X% against the previous year. In general, import price indicated pronounced 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. Based on 2022 figures, gum or wood oils import price increased by X% against 2020 indices. The growth pace was the most rapid in 2018 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Zimbabwe ($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 United States (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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