Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Argentina - 2023

Contents:

1. Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Argentina (FOB) - 2022
2. Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Argentina (CIF) - 2022
3. Exports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Argentina
4. Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Argentina

Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Argentina (FOB) - 2022

The average export price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $2,927 per ton in 2022, shrinking by -3.9% against the previous year. In general, the export price, however, continues to indicate a prominent expansion. The growth pace was the most rapid in 2021 when the average export price increased by 81%. As a result, the export price attained the peak level of $3,044 per ton, and then reduced modestly in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to France ($3,208 per ton) and India ($2,919 per ton), while the average price for exports to Mexico ($2,757 per ton) and Japan ($2,834 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Argentina (CIF) - 2022

The average import price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $6,041 per ton in 2022, shrinking by -6.8% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 29%. As a result, import price reached the peak level of $7,405 per ton. From 2021 to 2022, the average 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 Brazil ($10,592 per ton), while the price for Portugal ($3,783 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Argentina

In 2022, overseas shipments of terpenic oils; gum, wood or sulphate turpentine oilses increased by 48% to 6.2K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a drastic downturn.

In value terms, exports of terpenic oils; gum, wood or sulphate turpentine oilses skyrocketed to $18M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +5.9% 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 +68.7% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils from Argentina in 2022:

1. India (3.3K tons)
2. Mexico (1.4K tons)
3. France (1.1K tons)
4. Japan (0.5K tons)

Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Argentina

In 2022, the amount of terpenic oils; gum, wood or sulphate turpentine oilses imported into Argentina declined notably to 3.2 tons, which is down by -43.2% on the year before. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 77%.

In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses contracted notably to $19K in 2022. In general, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 55%. As a result, imports attained the peak of $36K, and then contracted dramatically in the following year.

Top Suppliers of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils to Argentina in 2022:

1. Portugal (1980.0 kg)
2. France (610.0 kg)
3. Spain (540.0 kg)
4. Brazil (49.0 kg)

Source: IndexBox Market Intelligence Platform