Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Thailand - 2024
Contents:
- Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Thailand (CIF) - 2022
- Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Thailand (FOB) - 2022
- Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Thailand
- Exports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Thailand
Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Thailand (CIF) - 2022
In 2022, the average import price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $6,349 per ton, jumping by 16% against the previous year. In general, the import price posted a buoyant increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 99.9% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +9.5% per year.
Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Thailand (FOB) - 2022
In 2022, the average export price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $1,575 per ton, with an increase of 31% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 an increase of 99% against the previous year. The export price peaked at $1,687 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($1,952 per ton), while the average price for exports to Cambodia ($1,208 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+3.9%), while the prices for the other major destinations experienced a decline.
Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Thailand
In 2022, approx. 3.7 tons of terpenic oils; gum, wood or sulphate turpentine oilses were imported into Thailand; shrinking by -75.1% against the year before. Over the period under review, imports continue to indicate a precipitous descent. The smallest decline of -29.7% was in 2021.
In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses dropped notably to $24K in 2022. In general, imports recorded a significant contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 41%.
| Import of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 44.4 | 29.4 | 80.3 | 23.0 | -19.7% |
| Vietnam | 49.8 | 27.7 | N/A | N/A | -44.4% |
| Others | 4.5 | 0.9 | 1.3 | 0.6 | -48.9% |
| Total | 98.6 | 58.0 | 81.5 | 23.6 | -37.9% |
Top Suppliers of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils to Thailand in 2022:
- China (3.7 tons)
Exports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Thailand
In 2022, approx. 14 tons of terpenic oils; gum, wood or sulphate turpentine oilses were exported from Thailand; with a decrease of -51.4% compared with 2021. Over the period under review, exports saw a sharp setback. The pace of growth was the most pronounced in 2021 when exports increased by 31% against the previous year.
In value terms, exports of terpenic oils; gum, wood or sulphate turpentine oilses reduced remarkably to $22K in 2022. Overall, exports showed a precipitous setback. The growth pace was the most rapid in 2021 when exports increased by 7% against the previous year.
| Export of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 28.7 | 20.5 | 12.4 | 10.0 | -29.6% |
| Lao People's Democratic Republic | 14.3 | 9.4 | 18.0 | 8.5 | -15.9% |
| Cambodia | 7.8 | 2.1 | 3.9 | 3.4 | -24.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 50.8 | 32.0 | 34.2 | 21.9 | -24.5% |
Top Export Markets for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils from Thailand in 2022:
- Myanmar (6.7 tons)
- Lao People's Democratic Republic (4.4 tons)
- Cambodia (2.8 tons)
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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...
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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...
1542
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...
