Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Bangladesh - 2022
Contents:
- Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Bangladesh (CIF) - 2022
- Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Bangladesh
Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Bangladesh (CIF) - 2022
The average import price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $2,404 per ton in 2022, reducing by -17.5% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for terpenic oils; gum, wood or sulphate turpentine oilses increased by +19.6% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 59% against the previous year. Over the period under review, average import prices hit record highs at $2,913 per ton in 2021, and then declined rapidly in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($2,402 per ton), while the price for India stood at $1,838 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Bangladesh
In 2022, the amount of terpenic oils; gum, wood or sulphate turpentine oilses imported into Bangladesh expanded remarkably to 46 tons, picking up by 14% on 2021. Overall, imports, however, saw a perceptible shrinkage.
In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses reduced to $112K in 2022. Over the period under review, imports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 12%.
| Import of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 82.5 | 73.1 | 87.8 | 111 | 10.4% |
| India | 45.4 | N/A | 30.1 | 0.3 | -81.2% |
| China | N/A | 19.4 | N/A | N/A | 0% |
| Indonesia | 13.8 | 12.6 | N/A | N/A | -8.7% |
| Others | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Total | 142 | 105 | 118 | 112 | -7.6% |
Top Suppliers of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils to Bangladesh in 2022:
- Vietnam (46.2 tons)
- India (0.1 tons)
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In value terms, gum, wood and sulphate turpentine imports stood at $X in 2016. Overall, it indicated a strong growth from 2007 to 2016: the total imports value increased at an average annual rate o...
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