Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Iraq - 2022

Contents:

1. Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Iraq (CIF) - 2022
2. Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Iraq

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

The average import price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $2,359 per ton in 2022, growing by 11% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable contraction. The growth pace was the most rapid in 2014 when the average import price increased by 52%. The import price peaked at $3,840 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($3,101 per ton), while the price for the United Arab Emirates totaled $2,249 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.7%).

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

In 2022, overseas purchases of terpenic oils; gum, wood or sulphate turpentine oilses increased by 2.1% to 1.1 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a pronounced decrease.

In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses expanded significantly to $2.7K in 2022. In general, imports, however, recorded a deep slump.

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

1. United Arab Emirates (999.0 kg)
2. Turkey (148.0 kg)

Source: IndexBox Market Intelligence Platform