Serbia: 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 Serbia

The Serbian gum or wood oils market totaled $X in 2023, with an increase of X% against the previous year. In general, consumption, however, continues to indicate a perceptible descent. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

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

In value terms, gum or wood oils production totaled $X in 2023 estimated in export price. Over the period under review, production, however, recorded a perceptible downturn. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

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

Exports from Serbia

In 2023, the amount of gum, wood or sulphate turpentine oils, pine oil and other alike exported from Serbia shrank rapidly to X tons, waning by X% compared with the previous year's figure. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2022, and then contracted dramatically in the following year.

In value terms, gum or wood oils exports dropped markedly to $X in 2023. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports attained the peak of $X, and then plummeted in the following year.

Exports by Country

North Macedonia (X kg), Russia (X kg) and Bosnia and Herzegovina (X kg) were the main destinations of gum or wood oils exports from Serbia, with a combined X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for North Macedonia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), North Macedonia ($X) and Bosnia and Herzegovina ($X) appeared to be the largest markets for gum or wood oils exported from Serbia worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, North Macedonia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average gum or wood oils export price stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the export price recorded a slight decline. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then contracted rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Montenegro ($X per ton), while the average price for exports to North Macedonia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Serbia

In 2023, approx. X tons of gum, wood or sulphate turpentine oils, pine oil and other alike were imported into Serbia; growing by X% against the year before. Over the period under review, imports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2016 with an increase of X%. Imports peaked at X tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, gum or wood oils imports soared to $X in 2023. In general, imports, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Greece (X tons) constituted the largest gum or wood oils supplier to Serbia, accounting for a X% share of total imports. Moreover, gum or wood oils imports from Greece exceeded the figures recorded by the second-largest supplier, Estonia (X kg), threefold. The third position in this ranking was taken by Spain (X kg), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Greece was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (X% per year) and Spain (X% per year).

In value terms, Greece ($X) constituted the largest supplier of gum, wood or sulphate turpentine oils, pine oil and other alike to Serbia, comprising X% of total imports. The second position in the ranking was taken by Estonia ($X), with a X% share of total imports. It was followed by Spain, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Greece totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (X% per year) and Spain (X% per year).

Import Prices by Country

The average gum or wood oils import price stood at $X per ton in 2023, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The import price peaked in 2023 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform