Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Pakistan - 2023

Contents:

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

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

In 2022, the average import price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $5,116 per ton, reducing by -21.9% against the previous year. Over the period under review, the import price, however, showed pronounced growth. The most prominent rate of growth was recorded in 2021 an increase of 73% against the previous year. As a result, import price reached the peak level of $6,553 per ton, and then plummeted in the following year.

As there is only one major supplying country, the average price level is determined by prices for Vietnam.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +21.4% per year.

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

In 2022, the average export price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $1,088 per ton, approximately mirroring the previous year. Overall, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2015 an increase of 52%. Over the period under review, the average export prices reached the maximum at $2,447 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($1,162 per ton), while the average price for exports to Ethiopia stood at $213 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (-20.1%), while the prices for the other major destinations experienced a decline.

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

In 2022, after three years of growth, there was significant decline in supplies from abroad of terpenic oils; gum, wood or sulphate turpentine oilses, when their volume decreased by -88.9% to 5.4 tons. Overall, imports recorded a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 63%. As a result, imports reached the peak of 49 tons, and then reduced dramatically in the following year.

In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses fell rapidly to $28K in 2022. In general, imports saw a precipitous setback. The pace of growth was the most pronounced in 2021 with an increase of 182%. As a result, imports reached the peak of $320K, and then contracted remarkably in the following year.

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

1. Vietnam (5.4 tons)

Exports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Pakistan

After three years of growth, shipments abroad of terpenic oils; gum, wood or sulphate turpentine oilses decreased by -7.4% to 24 tons in 2022. The total export volume increased at an average annual rate of +8.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 17%. As a result, the exports attained the peak of 25 tons, and then declined in the following year.

In value terms, exports of terpenic oils; gum, wood or sulphate turpentine oilses shrank to $26K in 2022. The total export value increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 20% against the previous year.

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

1. Qatar (21.7 tons)
2. Ethiopia (1.9 tons)

Source: IndexBox Market Intelligence Platform