Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Canada - 2024
Contents:
- Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Canada (FOB) - 2024
- Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Canada (CIF) - 2022
- Exports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Canada
- Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Canada
Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Canada (FOB) - 2024
The average export price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $2,499 per ton in January 2024, with an increase of 13% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average export price increased by 65% m-o-m. Over the period under review, the average export prices reached the maximum at $3,259 per ton in May 2023; however, from June 2023 to January 2024, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From January 2023 to January 2024, the rate of growth in terms of prices for Honduras amounted to 0.0% per month.
Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Canada (CIF) - 2022
In 2022, the average import price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $6,621 per ton, picking up by 22% against the previous year. In general, the import price enjoyed buoyant growth. The pace of growth appeared the most rapid in 2018 an increase of 67% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Brazil ($8,495 per ton) and France ($8,007 per ton), while the price for Honduras ($5,929 per ton) and the United States ($6,602 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Canada
In 2022, shipments abroad of terpenic oils; gum, wood or sulphate turpentine oilses decreased by -20.5% to 2.7K tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 1.1% against the previous year. As a result, the exports reached the peak of 3.9K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of terpenic oils; gum, wood or sulphate turpentine oilses contracted to $6.3M in 2022. Overall, exports saw a abrupt curtailment.
| Export of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.7 | 7.2 | 6.4 | 6.3 | -6.5% |
| India | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.8 | 7.2 | 6.4 | 6.3 | -6.9% |
Top Export Markets for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils from Canada in 2022:
- United States (2.7K tons)
Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Canada
In 2022, approx. 13 tons of terpenic oils; gum, wood or sulphate turpentine oilses were imported into Canada; picking up by 24% against the year before. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +9.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -26.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 76%. As a result, imports attained the peak of 18 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses skyrocketed to $89K in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +24.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 65%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.8 | 23.2 | 13.1 | 60.1 | 72.1% |
| Honduras | 28.6 | 28.8 | 37.0 | 18.9 | -12.9% |
| France | 1.5 | 3.0 | 4.0 | 4.4 | 43.1% |
| Brazil | 0.9 | 20.5 | 0.9 | 1.7 | 23.6% |
| Others | 4.0 | 1.8 | 3.7 | 4.0 | 0.0% |
| Total | 46.8 | 77.4 | 58.8 | 89.1 | 23.9% |
Top Suppliers of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils to Canada in 2022:
- United States (9.1 tons)
- Honduras (3.2 tons)
- France (0.5 tons)
- Brazil (0.2 tons)
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In value terms, gum, wood and sulphate turpentine imports stood at $X in 2016. Overall, it indicated a strong growth from 2007 to 2016: the total imports value increased at an average annual rate o...
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In value terms, gum, wood and sulphate turpentine exports stood at $X in 2016. Overall, it indicated a prominent growth from 2007 to 2016: the total exports value increased at an average annual rat...
644
In value terms, gum, wood and sulphate turpentine imports stood at $X in 2016. Overall, it indicated a strong growth from 2007 to 2016: the total imports value increased at an average annual rate o...
1528
In value terms, gum, wood and sulphate turpentine exports stood at $X in 2016. Overall, it indicated a prominent growth from 2007 to 2016: the total exports value increased at an average annual rat...
