Hong Kong SAR, China - Gum, Wood Or Sulphate Turpentine Oils, Pine Oil And Other Alike - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Gum or Wood Oils in Hong Kong SAR - 2023
Contents:
- Price for Gum or Wood Oils in Hong Kong SAR (CIF) - 2023
- Price for Gum or Wood Oils in Hong Kong SAR (FOB) - 2022
- Imports of Gum or Wood Oils in Hong Kong SAR
- Exports of Gum or Wood Oils in Hong Kong SAR
Price for Gum or Wood Oils in Hong Kong SAR (CIF) - 2023
The average gum or wood oils import price stood at $5,124 per ton in June 2023, rising by 5.1% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in November 2022 when the average import price increased by 56% month-to-month. Over the period under review, average import prices attained the peak figure at $7,796 per ton in August 2022; however, from September 2022 to June 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From June 2022 to June 2023, the rate of growth in terms of prices for China amounted to -0.5% per month.
Price for Gum or Wood Oils in Hong Kong SAR (FOB) - 2022
The average gum or wood oils export price stood at $7,137 per ton in 2022, growing by 51% against the previous year. Overall, the export price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2018 an increase of 67%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($7,693 per ton), while the average price for exports to Macao SAR stood at $6,627 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+70.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Gum or Wood Oils in Hong Kong SAR
Gum or wood oils imports into Hong Kong SAR amounted to 281 tons in 2022, increasing by 6.3% compared with the previous year. The total import volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 30%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, gum or wood oils imports rose markedly to $1.6M in 2022. Overall, imports posted a strong increase. The growth pace was the most rapid in 2021 with an increase of 122% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
Import of Gum or Wood Oils in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,035 | 629 | 1,362 | 1,479 | 12.6% |
Vietnam | 307 | 51.3 | 146 | 168 | -18.2% |
Others | N/A | 3.7 | 11.6 | N/A | 213.5% |
Total | 1,342 | 684 | 1,519 | 1,647 | 7.1% |
Top Suppliers of Gum or Wood Oils to Hong Kong SAR in 2022:
- China (247.2 tons)
- Vietnam (33.6 tons)
Exports of Gum or Wood Oils in Hong Kong SAR
In 2022, shipments abroad of gum, wood or sulphate turpentine oils, pine oil and other alike decreased by -58.6% to 6.5 tons, falling for the second year in a row after two years of growth. In general, exports showed a precipitous decline. The growth pace was the most rapid in 2020 when exports increased by 57%. As a result, the exports reached the peak of 24 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, gum or wood oils exports reduced markedly to $47K in 2022. Over the period under review, exports recorded a sharp downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 0.7% against the previous year. As a result, the exports attained the peak of $105K. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Gum or Wood Oils in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 45.7 | 58.4 | 26.0 | 24.1 | -19.2% |
Macao SAR | 36.5 | 46.6 | 48.8 | 22.6 | -14.8% |
Singapore | 19.5 | N/A | N/A | N/A | 0% |
Others | 2.7 | N/A | N/A | N/A | 0% |
Total | 104 | 105 | 74.8 | 46.7 | -23.4% |
Top Export Markets for Gum or Wood Oils from Hong Kong SAR in 2022:
- Macao SAR (3.4 tons)
- China (3.1 tons)
This report provides an in-depth analysis of the market for gum or wood oils in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20147140 - Gum, wood or sulphate turpentine oils, pine oil and other alike
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for gum or wood oils in Hong Kong SAR, China.
This report provides an in-depth analysis of the global market for gum or wood oils.
This report provides an in-depth analysis of the market for gum or wood oils in Hong Kong SAR, China.
This report provides an in-depth analysis of the global market for gum or wood oils.
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...
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...
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...
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...