Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in India - 2023
Contents:
- Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in India (CIF) - 2023
- Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in India (FOB) - 2022
- Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in India
- Exports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in India
Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in India (CIF) - 2023
In November 2023, the average import price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $1,622 per ton, increasing by 3.5% against the previous month. Overall, the import price, however, showed a perceptible contraction. The import price peaked at $2,808 per ton in November 2022; however, from December 2022 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($2,074 per ton), while the price for Sweden ($489 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Brazil (-2.7%), while the prices for the other major suppliers experienced a decline.
Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in India (FOB) - 2022
The average export price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $1,684 per ton in 2022, falling by -3.9% against the previous year. In general, the export price continues to indicate a mild decline. The most prominent rate of growth was recorded in 2014 an increase of 113%. Over the period under review, the average export prices reached the maximum at $2,627 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($2,861 per ton), while the average price for exports to Germany ($1,387 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in India
In 2022, imports of terpenic oils; gum, wood or sulphate turpentine oilses into India reached 75K tons, growing by 9.4% compared with the previous year. Over the period under review, imports, however, recorded a relatively flat trend pattern.
In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses expanded markedly to $224M in 2022. Overall, total imports indicated measured growth from 2019 to 2022: its value increased at an average annual rate of +4.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 55.5 | 35.6 | 68.4 | 77.8 | 11.9% |
| Brazil | 42.4 | 24.2 | 37.5 | 41.4 | -0.8% |
| Vietnam | 21.8 | 11.4 | 38.2 | 36.6 | 18.9% |
| United States | 24.2 | 18.0 | 16.8 | 21.2 | -4.3% |
| Finland | 11.1 | 8.6 | 7.0 | 10.5 | -1.8% |
| Argentina | 11.7 | 6.7 | 10.2 | 9.6 | -6.4% |
| Portugal | 2.3 | 3.1 | 3.9 | 4.9 | 28.7% |
| Belgium | 0.2 | 0.2 | 2.2 | 4.3 | 178.1% |
| Sweden | 2.4 | 2.3 | 3.0 | 2.8 | 5.3% |
| Poland | 3.6 | 3.6 | 2.1 | 2.7 | -9.1% |
| Turkey | 1.4 | 0.9 | 1.5 | 2.6 | 22.9% |
| Nepal | 2.6 | 1.0 | 1.7 | 1.5 | -16.8% |
| Germany | 4.3 | 1.4 | 1.7 | 0.6 | -48.1% |
| Others | 11.2 | 8.5 | 6.4 | 7.5 | -12.5% |
| Total | 195 | 125 | 201 | 224 | 4.7% |
Top Suppliers of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils to India in 2022:
- Indonesia (21.4K tons)
- Vietnam (11.6K tons)
- Brazil (11.5K tons)
- Finland (6.7K tons)
- United States (6.5K tons)
- Belgium (3.0K tons)
- Argentina (2.8K tons)
- Sweden (2.6K tons)
- Poland (1.5K tons)
- Portugal (1.4K tons)
- Nepal (1.3K tons)
- Turkey (1.2K tons)
- Germany (0.4K tons)
Exports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in India
Exports of terpenic oils; gum, wood or sulphate turpentine oilses from India rose to 247 tons in 2022, surging by 1.5% on 2021. Over the period under review, exports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 34% against the previous year.
In value terms, exports of terpenic oils; gum, wood or sulphate turpentine oilses dropped slightly to $417K in 2022. Overall, exports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 when exports increased by 32% against the previous year.
| Export of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 379 | 224 | 278 | 276 | -10.0% |
| Nigeria | 27.1 | N/A | 0.3 | 41.2 | 15.0% |
| South Africa | 4.4 | 6.2 | 15.6 | 17.9 | 59.6% |
| Sri Lanka | 8.2 | 29.0 | 22.6 | 17.2 | 28.0% |
| Bangladesh | 45.4 | N/A | 30.1 | 0.3 | -81.2% |
| Lebanon | N/A | 14.0 | N/A | N/A | 0% |
| Others | 61.8 | 50.5 | 80.0 | 64.0 | 1.2% |
| Total | 527 | 324 | 427 | 417 | -7.5% |
Top Export Markets for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils from India in 2022:
- Germany (199.1 tons)
- Nigeria (14.4 tons)
- Sri Lanka (9.6 tons)
- South Africa (7.1 tons)
- Bangladesh (0.1 tons)
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This report provides an in-depth analysis of the market for gum or wood oils in India.
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This report provides an in-depth analysis of the global market for gum or wood oils.
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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...
1526
In value terms, gum, wood and sulphate turpentine exports stood at $X in 2016. Overall, it indicated a prominent growth from 2007 to 2016: the total exports value increased at an average annual rat...
643
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...
1526
In value terms, gum, wood and sulphate turpentine exports stood at $X in 2016. Overall, it indicated a prominent growth from 2007 to 2016: the total exports value increased at an average annual rat...
