Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Hong Kong SAR - 2023

Contents:

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

Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Hong Kong SAR (CIF) - 2023

In November 2023, the average import price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $4,244 per ton, with a decrease of -25.3% against the previous month. Overall, the import price showed a noticeable slump. The growth pace was the most rapid in October 2023 when the average import price increased by 23% month-to-month. Over the period under review, average import prices attained the maximum at $7,415 per ton in December 2022; however, from January 2023 to November 2023, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From November 2022 to November 2023, the rate of growth in terms of prices for China amounted to -4.5% per month.

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

The average export price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $5,693 per ton in 2022, with an increase of 8.3% against the previous year. Over the period under review, the export price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 an increase of 56% against the previous year. The export price peaked at $7,394 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($7,650 per ton), while the average price for exports to China stood at $5,319 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+28.5%), 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 Hong Kong SAR

In 2022, imports of terpenic oils; gum, wood or sulphate turpentine oilses into Hong Kong SAR shrank remarkably to 143 tons, which is down by -46% against 2021 figures. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. As a result, imports attained the peak of 264 tons, and then dropped sharply in the following year.

In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses fell significantly to $864K in 2022. Over the period under review, imports saw a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 138% against the previous year. As a result, imports reached the peak of $1.5M, and then shrank notably in the following year.

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

1. China (142.7 tons)

Exports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Hong Kong SAR

In 2022, the amount of terpenic oils; gum, wood or sulphate turpentine oilses exported from Hong Kong SAR skyrocketed to 7 tons, picking up by 146% against the previous year's figure. In general, exports, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2021 when exports increased by 226%.

In value terms, exports of terpenic oils; gum, wood or sulphate turpentine oilses skyrocketed to $40K in 2022. Overall, exports, however, showed a deep slump.

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

1. China (5.9 tons)
2. Macao SAR (1.1 tons)

Source: IndexBox Market Intelligence Platform