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

Contents:

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

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

The average import price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $5,296 per ton in 2022, rising by 4.4% against the previous year. Over the period under review, the import price recorded a remarkable increase. The growth pace was the most rapid in 2014 an increase of 113%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($9,796 per ton), while the price for Colombia ($3,937 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $40,667 per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price, however, continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 an increase of 44%. The export price peaked at $40,833 per ton in 2021, and then dropped modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($64,000 per ton), while the average price for exports to Panama ($24,000 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+48.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, overseas purchases of terpenic oils; gum, wood or sulphate turpentine oilses decreased by -80.7% to 3.3 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a dramatic downturn. The pace of growth was the most pronounced in 2020 with an increase of 3.1% against the previous year. As a result, imports attained the peak of 26 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 dropped significantly to $18K in 2022. In general, imports showed a precipitous setback. The most prominent rate of growth was recorded in 2020 when imports increased by 13%. As a result, imports attained the peak of $91K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Honduras69.678.073.011.8-44.7%
China0.20.41.03.8166.8%
Mexico0.31.31.10.838.7%
Brazil0.20.10.40.535.7%
Colombia0.20.20.20.20.0%
Panama6.68.29.5N/A20.0%
Others3.63.12.10.5-48.2%
Total80.791.187.317.6-39.8%

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

  1. Honduras (2365.0 kg)
  2. China (642.0 kg)
  3. Mexico (167.0 kg)
  4. Colombia (63.0 kg)
  5. Brazil (54.0 kg)

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

After two years of decline, overseas shipments of terpenic oils; gum, wood or sulphate turpentine oilses decreased by -50% to 3 kg in 2022. In general, exports recorded a dramatic curtailment.

In value terms, exports of terpenic oils; gum, wood or sulphate turpentine oilses contracted notably to $122 in 2022. Over the period under review, exports, however, enjoyed significant growth.

Export of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Guatemala (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Nicaragua4.0N/A12664.0152.0%
El Salvador1.0N/A50.034.0224.0%
Panama4.0N/A69.024.081.7%
Honduras1.0N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total10.0N/A245122130.2%

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

  1. El Salvador (1.0 kg)
  2. Panama (1.0 kg)
  3. Nicaragua (1.0 kg)

Source: IndexBox Market Intelligence Platform

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