Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Turkey - 2024

Contents:

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

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

The average export price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $2,009 per ton in 2022, jumping by 40% against the previous year. In general, the export price, however, saw a pronounced decline. The pace of growth was the most pronounced in 2019 when the average export price increased by 286%. As a result, the export price reached the peak level of $3,666 per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($17,934 per ton), while the average price for exports to India ($1,917 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 the United States (+132.2%), 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 Turkey (CIF) - 2022

The average import price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $6,569 per ton in 2022, declining by -6.7% against the previous year. Over the period under review, the import price, however, recorded a temperate increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 133% against the previous year. As a result, import price attained the peak level of $8,529 per ton. From 2019 to 2022, the average import prices remained 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 Germany ($10,547 per ton), while the price for Vietnam ($3,185 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.5%), 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 Turkey

Exports of terpenic oils; gum, wood or sulphate turpentine oilses from Turkey reduced rapidly to 418 tons in 2022, declining by -23.1% against the year before. Overall, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 233%.

In value terms, exports of terpenic oils; gum, wood or sulphate turpentine oilses expanded remarkably to $841K in 2022. Over the period under review, exports continue to indicate a sharp downturn. The pace of growth was the most pronounced in 2021 when exports increased by 157%.

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

1. India (225.1 tons)
2. France (167.8 tons)
3. China (21.4 tons)
4. United States (0.5 tons)

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

In 2022, approx. 36 tons of terpenic oils; gum, wood or sulphate turpentine oilses were imported into Turkey; with a decrease of -24.7% compared with the previous year. In general, total imports indicated noticeable growth from 2019 to 2022: its volume increased at an average annual rate of +2.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +28.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 71%. As a result, imports reached the peak of 48 tons, and then dropped markedly in the following year.

In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses reduced dramatically to $238K in 2022. Over the period under review, imports, however, recorded buoyant growth. The growth pace was the most rapid in 2021 with an increase of 127% against the previous year. As a result, imports attained the peak of $339K, and then contracted markedly in the following year.

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

1. Vietnam (14.5 tons)
2. Germany (14.3 tons)
3. Greece (4.0 tons)
4. France (2.3 tons)
5. Spain (1.1 tons)

Source: IndexBox Market Intelligence Platform