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

Contents:

1. Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Sweden (FOB) - 2023
2. Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Sweden (CIF) - 2022
3. Exports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Sweden
4. Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Sweden

Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Sweden (FOB) - 2023

In November 2023, the average export price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $1,200 per ton, shrinking by -11.7% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.2%. The pace of growth was the most pronounced in January 2023 when the average export price increased by 18% m-o-m. As a result, the export price attained the peak level of $1,411 per ton. From February 2023 to November 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Denmark ($7,194 per ton), while the average price for exports to the UK ($459 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.8%), 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 Sweden (CIF) - 2022

The average import price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $3,249 per ton in 2022, shrinking by -30.4% against the previous year. Over the period under review, the import price, however, saw a pronounced increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 37%. Over the period under review, average import prices attained the maximum at $4,669 per ton in 2021, and then reduced notably in the following year.

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 Germany ($21,438 per ton), while the price for Denmark ($2,423 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+17.5%), 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 Sweden

For the third consecutive year, Sweden recorded decline in shipments abroad of terpenic oils; gum, wood or sulphate turpentine oilses, which decreased by -6.7% to 14K tons in 2022. Over the period under review, exports showed a precipitous shrinkage.

In value terms, exports of terpenic oils; gum, wood or sulphate turpentine oilses fell to $17M in 2022. Overall, exports faced a sharp decrease.

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

1. France (9.9K tons)
2. Denmark (2.1K tons)
3. India (1.7K tons)
4. Japan (0.4K tons)
5. Finland (0.1K tons)

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

For the fourth consecutive year, Sweden recorded growth in supplies from abroad of terpenic oils; gum, wood or sulphate turpentine oilses, which increased by 105% to 219 tons in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses skyrocketed to $713K in 2022. Over the period under review, imports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 46% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in years to come.

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

1. Denmark (196.3 tons)
2. France (19.3 tons)
3. Norway (3.5 tons)

Source: IndexBox Market Intelligence Platform