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

Contents:

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

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

The average export price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $3,268 per ton in 2022, dropping by -45.5% against the previous year. Overall, the export price showed a abrupt decline. The pace of growth was the most pronounced in 2021 an increase of 171% against the previous year. Over the period under review, the average export prices reached the maximum at $8,180 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($3,494 per ton), while the average price for exports to Italy ($2,170 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 India (+97.1%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the average import price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $3,669 per ton, jumping by 48% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for terpenic oils; gum, wood or sulphate turpentine oilses increased by +108.1% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($6,829 per ton), while the price for the Netherlands ($2,541 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.3%), 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 Belgium

For the fourth year in a row, Belgium recorded growth in shipments abroad of terpenic oils; gum, wood or sulphate turpentine oilses, which increased by 79% to 711 tons in 2022. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 85%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, exports of terpenic oils; gum, wood or sulphate turpentine oilses shrank modestly to $2.3M in 2022. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 382%. As a result, the exports reached the peak of $2.4M, and then shrank modestly in the following year.

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

1. India (524.5 tons)
2. France (97.7 tons)
3. Netherlands (58.2 tons)
4. Italy (24.5 tons)

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

After three years of growth, supplies from abroad of terpenic oils; gum, wood or sulphate turpentine oilses decreased by -28.3% to 213 tons in 2022. Over the period under review, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 120% against the previous year.

In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses expanded notably to $782K in 2022. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 91%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Brazil (100.0 tons)
2. France (44.8 tons)
3. Netherlands (39.0 tons)
4. United States (25.2 tons)
5. Germany (4.2 tons)

Source: IndexBox Market Intelligence Platform