Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Australia - 2024

Contents:

1. Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Australia (FOB) - 2024
2. Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Australia (CIF) - 2022
3. Exports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Australia
4. Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Australia

Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Australia (FOB) - 2024

In January 2024, the average export price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $1,605 per ton, flattening at the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in October 2023 when the average export price increased by 17% against the previous month. The export price peaked at $1,607 per ton in December 2023, and then contracted modestly in the following month.

As there is only one major export destination, the average price level is determined by prices for New Zealand.

From January 2023 to January 2024, the rate of growth in terms of prices for New Zealand amounted to +0.6% per month.

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

In 2022, the average import price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $4,836 per ton, waning by -5.1% against the previous year. Overall, the import price, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 an increase of 60%. As a result, import price attained the peak level of $5,094 per ton, and then dropped in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($4,580 per ton), while the price for New Zealand totaled $4,193 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+14.7%), 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 Australia

In 2022, exports of terpenic oils; gum, wood or sulphate turpentine oilses from Australia declined dramatically to 1.5K tons, waning by -15.6% on 2021. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 100% against the previous year.

In value terms, exports of terpenic oils; gum, wood or sulphate turpentine oilses dropped to $918K in 2022. In general, exports saw a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year.

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

1. New Zealand (1536.7 tons)

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

In 2022, purchases abroad of terpenic oils; gum, wood or sulphate turpentine oilses decreased by -6.8% to 83 tons, falling for the second year in a row after two years of growth. Overall, imports saw a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 45%. As a result, imports attained the peak of 205 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses shrank to $401K in 2022. In general, imports saw a pronounced decrease. The pace of growth was the most pronounced in 2020 when imports increased by 47% against the previous year. As a result, imports attained the peak of $654K. From 2021 to 2022, the growth of imports of failed to regain momentum.

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

1. China (70.7 tons)
2. New Zealand (11.3 tons)

Source: IndexBox Market Intelligence Platform