Gum or Wood Oils Market

Gum or wood oils market: enjoy newly released info provided by an Ai-driven business intelligence tool. Info include trade, production, market size, companies, imports, market prices, exports, and consumption. There is a split by region, including Africa, the Middle East, China, the U.S., Latin America, EU, Russia, and the U.K. Market trends and forecast to 2030 are also featured in the snapshots.


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Gum or Wood Oils - World's Largest Markets

RatingCountry
1China
2India
3United States
4Japan
5Germany

In value terms, China led the market, alone. The second position in the ranking was occupied by India. It was followed by the United States.

In China, the gum or wood oils market remained relatively stable over the period from 2018-2020. The remaining consuming countries recorded the following average annual rates of market growth: India (-5.1% per year) and the United States (-3.8% per year).

Gum Or Wood Oils Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Finland9891543935-2.8%
Sweden120411631061-6.1%
Russia129714701162-5.3%
Argentina296325651682-24.7%
Canada12872001180718.5%
Brazil316831081873-23.1%
Vietnam1600327418998.9%
Indonesia375838122027-26.6%
United States2015141020581.1%
Portugal315734002143-17.6%
China387340933194-9.2%
France3583320938844.1%
India39495280482210.5%
Average230524331902-9.2%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was India ($4,822 per ton), while Finland ($935 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Canada, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Indonesia3458213739456.8%
Spain316438172518-10.8%
Mexico324535992277-16.2%
China283228292171-12.4%
United States1847238520866.3%
Japan331828981951-23.3%
India253322081855-14.4%
Average254225492330-4.3%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Indonesia ($3,945 per ton), while India ($1,855 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the other global leaders experienced mixed trends in the import price figures.

Gum or Wood Oils - Top Importers

COUNTRY201820192020CAGR,
2018-2020
million USD
India148161127-7.1%
China6.38.92184.6%
United States16402113.9%
Indonesia6.98.81546.4%
Mexico272312-32.8%

In value terms, India ($127M) constitutes the largest market for imported gum, wood or sulphate turpentine oils, pine oil and other alike worldwide, comprising 42% of global imports. The second position in the ranking was occupied by China ($22M), with a 7% share of global imports. It was followed by the United States, with a 6.9% share.

From 2018 to 2020, the average annual rate of growth in terms of value in India amounted to -7.1%. The remaining importing countries recorded the following average annual rates of imports growth: China (+84.6% per year) and the United States (+13.9% per year).

Gum or Wood Oils - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
million USD
Brazil709362-6.2%
Indonesia705942-22.3%
United States405536-5.4%
Vietnam262725-0.4%
Sweden2223245.1%

In value terms, the largest gum or wood oils supplying countries worldwide were Brazil ($62M), Indonesia ($42M) and the United States ($36M), together accounting for 41% of global exports. Vietnam, Sweden, China, India, Finland, Portugal, France, Argentina, Canada and Russia lagged somewhat behind, together accounting for a further 47%.

India saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Gum or Wood Oils - Market Forecast

Driven by rising demand for gum or wood oils worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Gum or Wood Oils - Product Coverage

  • HS 380510 - Terpenic oils; gum, wood or sulphate turpentine oils
  • HS 380590 - Terpenic oils; produced by the treatment of coniferous woods, crude dipentene, sulphite turpentine and other crude para-cymene, n.e.s. in heading no. 3805
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World - Gum, Wood or Sulphate Turpentine Oils, Pine Oil and Other Alike - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global market for gum or wood oils.

Latin America and the Caribbean - Gum, Wood or Sulphate Turpentine Oils, Pine Oil and Other Alike - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for gum or wood oils in Latin America and the Caribbean.

Eastern Asia - Gum, Wood or Sulphate Turpentine Oils, Pine Oil and Other Alike - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for gum or wood oils in Eastern Asia.

Northern America - Gum, Wood or Sulphate Turpentine Oils, Pine Oil and Other Alike - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for gum or wood oils in Northern America.

South-Eastern Asia - Gum, Wood or Sulphate Turpentine Oils, Pine Oil and Other Alike - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for gum or wood oils in South-Eastern Asia.

Australia and Oceania - Gum, Wood or Sulphate Turpentine Oils, Pine Oil and Other Alike - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for gum or wood oils in Australia and Oceania.

Africa - Gum, Wood or Sulphate Turpentine Oils, Pine Oil and Other Alike - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for gum or wood oils in Africa.

Middle East - Gum, Wood or Sulphate Turpentine Oils, Pine Oil and Other Alike - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for gum or wood oils in the Middle East.

Central Asia - Gum, Wood or Sulphate Turpentine Oils, Pine Oil and Other Alike - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for gum or wood oils in Central Asia.

Southern Asia - Gum, Wood or Sulphate Turpentine Oils, Pine Oil and Other Alike - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for gum or wood oils in Southern Asia.

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Geography