Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in the United States - 2023
Contents:
- Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in the United States (CIF) - 2023
- Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in the United States (FOB) - 2023
- Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in the United States
- Exports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in the United States
Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in the United States (CIF) - 2023
The average import price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $11,649 per ton in December 2023, shrinking by -28.7% against the previous month. Over the period under review, the import price, however, recorded a resilient increase. The most prominent rate of growth was recorded in August 2023 an increase of 375% against the previous month. As a result, import price attained the peak level of $27,702 per ton. From September 2023 to December 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Brazil.
From December 2022 to December 2023, the rate of growth in terms of prices for Indonesia amounted to 0.0% per month.
Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in the United States (FOB) - 2023
In December 2023, the average export price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $1,702 per ton, falling by -24.2% against the previous month. Over the period under review, the export price showed a pronounced reduction. The pace of growth appeared the most rapid in January 2023 an increase of 15% month-to-month. As a result, the export price reached the peak level of $3,380 per ton. From February 2023 to December 2023, the the average export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In December 2023, the country with the highest price was India ($1,875 per ton), while the average price for exports to France stood at $1,370 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in the United States
In 2022, imports of terpenic oils; gum, wood or sulphate turpentine oilses into the United States soared to 8.5K tons, increasing by 22% on 2021. Overall, imports, however, saw a deep slump.
In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses skyrocketed to $49M in 2022. Over the period under review, imports continue to indicate strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 19.5 | 7.0 | 14.1 | 22.8 | 5.3% |
| Mexico | 8.4 | 3.3 | 7.7 | 14.8 | 20.8% |
| Canada | 7.7 | 7.1 | 6.3 | 6.3 | -6.5% |
| India | N/A | N/A | N/A | 1.0 | 0% |
| Spain | 0.1 | N/A | 0.4 | 1.0 | 115.4% |
| Portugal | 2.1 | N/A | 0.1 | N/A | -78.2% |
| Others | 0.3 | 2.1 | 2.0 | 2.7 | 108.0% |
| Total | 38.2 | 19.5 | 30.5 | 48.6 | 8.4% |
Top Suppliers of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils to the United States in 2022:
- Mexico (3.7K tons)
- Brazil (2.8K tons)
- Canada (1.3K tons)
- Spain (0.2K tons)
- India (0.1K tons)
Exports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in the United States
In 2022, shipments abroad of terpenic oils; gum, wood or sulphate turpentine oilses was finally on the rise to reach 9.1K tons after two years of decline. In general, exports, however, recorded a deep downturn.
In value terms, exports of terpenic oils; gum, wood or sulphate turpentine oilses soared to $15M in 2022. Overall, exports, however, saw a abrupt curtailment.
| Export of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 12.6 | 8.4 | 8.0 | 10.5 | -5.9% |
| France | 12.4 | 1.7 | 0.2 | 3.2 | -36.3% |
| Others | 1.6 | 0.5 | 0.7 | 0.8 | -20.6% |
| Total | 26.6 | 10.6 | 8.8 | 14.5 | -18.3% |
Top Export Markets for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils from the United States in 2022:
- India (6.3K tons)
- France (2.3K tons)
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