Northern America: Market for Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike 2024

Market Size for Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike in Northern America

After two years of growth, the North American gum or wood oils market decreased by X% to $X in 2023. Over the period under review, consumption saw a slight descent. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market failed to regain momentum.

Production of Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike in Northern America

In value terms, gum or wood oils production reduced slightly to $X in 2023 estimated in export price. In general, production saw a mild setback. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2023, production growth remained at a somewhat lower figure.

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Exports of Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike

Exports in Northern America

In 2023, shipments abroad of gum, wood or sulphate turpentine oils, pine oil and other alike increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, showed a mild setback. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, gum or wood oils exports soared to $X in 2023. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2023, the United States (X tons) represented the largest exporter of gum, wood or sulphate turpentine oils, pine oil and other alike, committing X% of total exports. It was distantly followed by Canada (X tons), committing a X% share of total exports.

The United States was also the fastest-growing in terms of the gum, wood or sulphate turpentine oils, pine oil and other alike exports, with a CAGR of X% from 2012 to 2023. Canada (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the United States increased by X percentage points.

In value terms, the United States ($X) remains the largest gum or wood oils supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in the United States was relatively modest.

Export Prices by Country

In 2023, the export price in Northern America amounted to $X per ton, surging by X% against the previous year. Export price indicated a notable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, gum or wood oils export price decreased by X% against 2021 indices. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The level of export peaked at $X per ton in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%).

Imports of Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike

Imports in Northern America

In 2023, after two years of growth, there was significant decline in purchases abroad of gum, wood or sulphate turpentine oils, pine oil and other alike, when their volume decreased by X% to X tons. Overall, imports saw a perceptible contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, gum or wood oils imports reduced markedly to $X in 2023. In general, imports, however, posted a moderate increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then declined rapidly in the following year.

Imports by Country

The United States dominates imports structure, reaching X tons, which was near X% of total imports in 2023. Canada (X tons) followed a long way behind the leaders.

Imports into the United States decreased at an average annual rate of X% from 2012 to 2023. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2023. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported gum, wood or sulphate turpentine oils, pine oil and other alike in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

In the United States, gum or wood oils imports expanded at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in Northern America amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2019 an increase of X%. The level of import peaked at $X per ton in 2021; however, from 2022 to 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform