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

Contents:

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

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

The average export price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $9,410 per ton in 2022, growing by 26% against the previous year. In general, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +10.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for terpenic oils; gum, wood or sulphate turpentine oilses increased by +120.0% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of 74%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Rwanda.

From 2012 to 2022, the rate of growth in terms of prices for Zambia amounted to +162.3% per year.

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

In 2022, the average import price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $2,983 per ton, falling by -36.7% against the previous year. Over the period under review, the import price continues to indicate a noticeable reduction. The pace of growth was the most pronounced in 2016 when the average import price increased by 57%. The import price peaked at $4,711 per ton in 2021, and then dropped notably in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($3,016 per ton), while the price for India amounted to $2,972 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.3%), 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 Kenya

In 2022, the amount of terpenic oils; gum, wood or sulphate turpentine oilses exported from Kenya skyrocketed to 2.3 tons, surging by 66% against 2021 figures. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 403%. As a result, the exports attained the peak of 4.2 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of terpenic oils; gum, wood or sulphate turpentine oilses skyrocketed to $21K in 2022. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 571% against the previous year. As a result, the exports attained the peak of $34K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. Rwanda (2.3 tons)

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

In 2022, overseas purchases of terpenic oils; gum, wood or sulphate turpentine oilses decreased by -79.4% to 1.3 tons, falling for the second consecutive year after two years of growth. In general, imports saw a sharp downturn. The pace of growth was the most pronounced in 2020 when imports increased by 87%. As a result, imports attained the peak of 20 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses fell rapidly to $3.8K in 2022. Overall, imports showed a precipitous slump. The most prominent rate of growth was recorded in 2020 when imports increased by 93%. As a result, imports reached the peak of $68K. From 2021 to 2022, the growth of imports of failed to regain momentum.

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

1. India (973.0 kg)
2. United Arab Emirates (314.0 kg)

Source: IndexBox Market Intelligence Platform