Overview of the Global Market for Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike

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

In 2023, the global gum or wood oils market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, the total consumption indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market attained the maximum level at $X in 2022, and then contracted in the following year.

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

In value terms, gum or wood oils production expanded to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when the production volume increased by X%. Global production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

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

Exports

In 2023, approx. X tons of gum, wood or sulphate turpentine oils, pine oil and other alike were exported worldwide; growing by X% on the year before. In general, total exports indicated strong growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The global exports peaked 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 contracted to $X in 2023. Over the period under review, exports recorded prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the global exports reached the maximum at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

Exports by Country

Brazil (X tons), the United States (X tons), Indonesia (X tons), South Africa (X tons), Finland (X tons), Sweden (X tons) and Vietnam (X tons) represented roughly X% of total exports in 2023. The following exporters - Portugal (X tons), Argentina (X tons), China (X tons), India (X tons), Canada (X tons) and Russia (X tons) - together made up X% of total exports.

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

In value terms, Indonesia ($X), Brazil ($X) and the United States ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of global exports. Vietnam, Finland, Sweden, Portugal, India, South Africa, China, Argentina, Canada and Russia lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, India, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global 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. In general, export price indicated mild growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The global export price peaked at $X per ton in 2022, and then contracted rapidly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while South Africa ($X per ton) was amongst the lowest.

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

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

Imports

In 2023, after two years of growth, there was significant decline in supplies from abroad of gum, wood or sulphate turpentine oils, pine oil and other alike, when their volume decreased by X% to X tons. Over the period under review, total imports indicated a tangible expansion from 2012 to 2023: its volume 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, imports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Global imports peaked at X tons in 2022, and then reduced in the following year.

In value terms, gum or wood oils imports contracted notably to $X in 2023. In general, imports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2018 with an increase of X%. Global imports peaked at $X in 2022, and then dropped dramatically in the following year.

Imports by Country

In 2023, India (X tons) was the key importer of gum, wood or sulphate turpentine oils, pine oil and other alike, committing X% of total imports. France (X tons) took the second position in the ranking, distantly followed by China (X tons), Zimbabwe (X tons) and the United States (X tons). All these countries together took near X% share of total imports. Japan (X tons) and Finland (X tons) held a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to gum or wood oils imports into India stood at X%. At the same time, Zimbabwe (X%), China (X%) and Japan (X%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. By contrast, the United States (X%), France (X%) and Finland (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of India, China and Zimbabwe increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported gum, wood or sulphate turpentine oils, pine oil and other alike worldwide, comprising X% of global imports. The second position in the ranking was held by France ($X), with a X% share of global imports. It was followed by the United States, with a X% share.

In India, gum or wood oils imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: France (X% per year) and the United States (X% per year).

Import Prices by Country

The average gum or wood oils import price stood at $X per ton in 2023, which is down by X% against the previous year. Overall, import price indicated modest growth 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 import price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while Zimbabwe ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform