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

Contents:

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

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

In 2022, the average export price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $1,696 per ton, surging by 49% against the previous year. Over the period under review, the export price, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when the average export price increased by 69%. The export price peaked at $3,236 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +12.1% per year.

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

In 2022, the average import price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $7,085 per ton, with an increase of 22% against the previous year. In general, the import price recorded prominent growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 129% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($10,619 per ton), while the price for Germany ($3,803 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

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

For the fourth year in a row, Bulgaria recorded growth in overseas shipments of terpenic oils; gum, wood or sulphate turpentine oilses, which increased by 33% to 889 tons in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 68% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, exports of terpenic oils; gum, wood or sulphate turpentine oilses surged to $1.5M in 2022. Over the period under review, exports showed a significant expansion. 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 Bulgaria in 2022:

1. India (889.2 tons)

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

In 2022, overseas purchases of terpenic oils; gum, wood or sulphate turpentine oilses were finally on the rise to reach 2 tons after two years of decline. Overall, imports, however, showed a relatively flat trend pattern.

In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses skyrocketed to $14K in 2022. In general, imports recorded a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Portugal (1091.0 kg)
2. Italy (543.0 kg)
3. Germany (360.0 kg)

Source: IndexBox Market Intelligence Platform