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

Contents:

1. Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Germany (FOB) - 2023
2. Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Germany (CIF) - 2022
3. Exports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Germany
4. Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Germany

Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Germany (FOB) - 2023

The average export price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $2,110 per ton in November 2023, increasing by 5.9% against the previous month. Overall, the export price, however, continues to indicate a pronounced setback. The growth pace was the most rapid in January 2023 when the average export price increased by 75% against the previous month. Over the period under review, the average export prices reached the maximum at $3,729 per ton in November 2022; however, from December 2022 to November 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was India ($10,005 per ton), while the average price for exports to France ($988 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.1%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average import price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $4,422 per ton, surging by 17% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.1% 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 +47.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 43%. 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 China ($6,425 per ton), while the price for India ($2,165 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.0%), 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 Germany

In 2022, after two years of decline, there was growth in shipments abroad of terpenic oils; gum, wood or sulphate turpentine oilses, when their volume increased by 4.4% to 1.5K tons. In general, exports, however, continue to indicate a mild descent.

In value terms, exports of terpenic oils; gum, wood or sulphate turpentine oilses dropped to $4M in 2022. Over the period under review, exports, however, continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 44%. As a result, the exports reached the peak of $4.7M, and then dropped in the following year.

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

1. France (841.6 tons)
2. India (378.7 tons)
3. Austria (53.3 tons)
4. Denmark (38.0 tons)
5. Netherlands (10.4 tons)

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

In 2022, supplies from abroad of terpenic oils; gum, wood or sulphate turpentine oilses decreased by -4.8% to 719 tons, falling for the second year in a row after two years of growth. In general, imports showed a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 2.2% against the previous year. As a result, imports attained the peak of 1K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses expanded notably to $3.2M in 2022. Over the period under review, imports recorded a abrupt shrinkage.

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

1. China (201.4 tons)
2. Portugal (160.5 tons)
3. India (81.0 tons)
4. Brazil (80.2 tons)
5. France (71.6 tons)
6. Spain (60.2 tons)
7. Argentina (40.1 tons)

Source: IndexBox Market Intelligence Platform