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

Contents:

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

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

In 2022, the average import price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $4,537 per ton, picking up by 445% against the previous year. In general, the import price showed buoyant growth. The import price peaked at $4,971 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($4,550 per ton), while the price for Thailand stood at $733 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+13.0%), while the prices for the other major suppliers experienced a decline.

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

For the third year in a row, Myanmar recorded decline in overseas purchases of terpenic oils; gum, wood or sulphate turpentine oilses, which decreased by -69.5% to 4.5 tons in 2022. Overall, imports continue to indicate a precipitous slump. The smallest decline of -27.2% was in 2021.

In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses soared to $20K in 2022. Over the period under review, imports recorded a significant decline.

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

1. Vietnam (4.5 tons)

Source: IndexBox Market Intelligence Platform