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

Contents:

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

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

The average export price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $2,278 per ton in 2022, falling by -3.1% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 89%. As a result, the export price reached the peak level of $2,352 per ton, and then reduced slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($2,707 per ton), while the average price for exports to Mauritius ($1,429 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 Australia (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $2,854 per ton, which is down by -24.7% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 50%. The import price peaked at $6,473 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($5,983 per ton), while the price for Indonesia ($2,633 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Singapore

In 2022, approx. 596 tons of terpenic oils; gum, wood or sulphate turpentine oilses were exported from Singapore; picking up by 26% compared with the previous year's figure. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 100% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of terpenic oils; gum, wood or sulphate turpentine oilses surged to $1.4M in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 277% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

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

1. India (340.1 tons)
2. Indonesia (128.2 tons)
3. Brunei Darussalam (71.2 tons)
4. Australia (31.3 tons)
5. Mauritius (19.6 tons)

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

In 2022, the amount of terpenic oils; gum, wood or sulphate turpentine oilses imported into Singapore surged to 227 tons, rising by 50% compared with 2021. Overall, imports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 320% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses rose notably to $647K in 2022. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 227%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

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

1. Indonesia (206.0 tons)
2. Germany (8.7 tons)
3. Portugal (5.4 tons)
4. China (3.9 tons)

Source: IndexBox Market Intelligence Platform