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

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

In 2022, the average import price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $6,413 per ton, surging by 4% against the previous year. Over the period under review, import price indicated a measured increase from 2015 to 2022: its price increased at an average annual rate of +3.1% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for terpenic oils; gum, wood or sulphate turpentine oilses increased by +13.2% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 77%. Over the period under review, average import prices attained the maximum at $7,714 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

From 2015 to 2022, the rate of growth in terms of prices for the United States amounted to +6.7% per year.

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

Imports of terpenic oils; gum, wood or sulphate turpentine oilses into Qatar skyrocketed to 29 tons in 2022, with an increase of 100% on 2021 figures. In general, imports recorded pronounced growth.

In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses soared to $185K in 2022. Overall, imports, however, recorded a pronounced setback.