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

Contents:

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

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

The average import price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $1,205 per ton in 2022, picking up by 5% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt downturn. The growth pace was the most rapid in 2014 when the average import price increased by 63% against the previous year. As a result, import price attained the peak level of $7,118 per ton. From 2015 to 2022, the average import prices remained at a 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 the UK ($9,225 per ton), while the price for the United States ($661 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.

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

After three years of growth, supplies from abroad of terpenic oils; gum, wood or sulphate turpentine oilses decreased by -44.7% to 1.4 tons in 2022. Over the period under review, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 842%. As a result, imports attained the peak of 2.5 tons, and then contracted notably in the following year.

In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses declined sharply to $1.7K in 2022. In general, imports, however, recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 523% against the previous year. As a result, imports reached the peak of $2.9K, and then shrank dramatically in the following year.

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

1. United States (1298.0 kg)
2. United Kingdom (80.0 kg)

Source: IndexBox Market Intelligence Platform