Report Update: May 1, 2024

Spain - Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike - Market Analysis, Forecast, Size, Trends And Insights

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Price for Gum or Wood Oils in Spain - 2023

Price for Gum or Wood Oils in Spain (FOB) - 2023

In June 2023, the average gum or wood oils export price amounted to $2,626 per ton, waning by -46.7% against the previous month. Over the period under review, the export price recorded a slight decline. The growth pace was the most rapid in April 2023 when the average export price increased by 44% m-o-m. The export price peaked at $4,945 per ton in December 2022; however, from January 2023 to June 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Brazil ($10,362 per ton), while the average price for exports to France ($2,132 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+1.3%), while the prices for the other major destinations experienced a decline.

Price for Gum or Wood Oils in Spain (CIF) - 2023

The average gum or wood oils import price stood at $2,551 per ton in June 2023, waning by -23.1% against the previous month. In general, the import price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in October 2022 an increase of 81% m-o-m. As a result, import price attained the peak level of $4,067 per ton. From November 2022 to June 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was France ($10,681 per ton), while the price for Portugal ($2,179 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+8.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Gum or Wood Oils in Spain

In 2022, after three years of growth, there was significant decline in shipments abroad of gum, wood or sulphate turpentine oils, pine oil and other alike, when their volume decreased by -8.5% to 2.4K tons. The total export volume increased at an average annual rate of +7.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 29%.

In value terms, gum or wood oils exports contracted modestly to $9.2M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 34% against the previous year. As a result, the exports attained the peak of $9.7M, and then reduced modestly in the following year.

Export of Gum or Wood Oils in Spain (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	1,942	3,103	5,096	5,676	43.0%
Germany	223	675	1,184	548	34.9%
Portugal	762	404	383	488	-13.8%
India	89.3	175	207	417	67.1%
Brazil	259	323	211	367	12.3%
Poland	3.8	67.6	131	246	301.5%
Italy	597	273	222	226	-27.7%
Others	1,827	2,175	2,245	1,275	-11.3%
Total	5,704	7,197	9,679	9,243	17.5%

Top Export Markets for Gum or Wood Oils from Spain in 2022:

France (1814.3 tons)
Portugal (129.0 tons)
Germany (97.9 tons)
India (81.5 tons)
Poland (57.5 tons)
Italy (45.0 tons)
Brazil (39.1 tons)

Imports of Gum or Wood Oils in Spain

In 2022, the amount of gum, wood or sulphate turpentine oils, pine oil and other alike imported into Spain reduced rapidly to 1.9K tons, with a decrease of -18.3% on the year before. In general, imports continue to indicate a drastic downturn. The smallest decline of -12.7% was in 2021.

In value terms, gum or wood oils imports declined to $7.3M in 2022. Over the period under review, imports faced a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 32%.

Import of Gum or Wood Oils in Spain (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Portugal	2.5	1.8	4.5	2.9	5.1%
Brazil	2.7	1.1	1.6	2.2	-6.6%
Germany	1.0	0.6	0.1	0.6	-15.7%
China	1.6	1.4	0.9	0.5	-32.1%
United States	0.3	0.2	0.3	0.3	0.0%
Chile	N/A	N/A	N/A	0.3	0%
France	0.3	0.2	0.2	0.2	-12.6%
Greece	0.7	N/A	N/A	0.2	-34.1%
Mexico	0.4	0.9	0.9	0.1	-37.0%
Indonesia	0.9	N/A	N/A	N/A	0%
Others	1.4	0.3	0.2	0.1	-58.5%
Total	11.7	6.5	8.6	7.3	-14.5%

Top Suppliers of Gum or Wood Oils to Spain in 2022:

Portugal (738.7 tons)
Brazil (546.1 tons)
China (135.8 tons)
Germany (117.1 tons)
France (99.7 tons)
Chile (67.5 tons)
United States (48.8 tons)
Greece (46.3 tons)
Mexico (19.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for gum or wood oils in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20147140 - Gum, wood or sulphate turpentine oils, pine oil and other alike

Country coverage:

Spain

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Spain
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023