Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Colombia - 2022
Contents:
- Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Colombia (CIF) - 2022
- Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Colombia (FOB) - 2022
- Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Colombia
- Exports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Colombia
Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Colombia (CIF) - 2022
The average import price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $7,642 per ton in 2022, with an increase of 182% against the previous year. Over the period under review, the import price saw a strong increase. 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 Germany ($14,651 per ton), while the price for the United States ($5,595 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Colombia (FOB) - 2022
In 2022, the average export price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $5,608 per ton, picking up by 25% against the previous year. Over the period under review, the export price, however, continues to indicate a slight curtailment. The export price peaked at $7,686 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Costa Rica ($6,731 per ton) and Peru ($6,024 per ton), while the average price for exports to Guatemala ($5,250 per ton) and Panama ($5,474 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+10.0%), while the prices for the other major destinations experienced a decline.
Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Colombia
In 2022, the amount of terpenic oils; gum, wood or sulphate turpentine oilses imported into Colombia dropped remarkably to 7.2 tons, waning by -59.9% on the year before. Overall, imports continue to indicate a significant contraction. The pace of growth was the most pronounced in 2021 with an increase of 127% against the previous year.
In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses expanded significantly to $55K in 2022. Over the period under review, imports faced a sharp contraction. The pace of growth was the most pronounced in 2021 with an increase of 15%.
| Import of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 78.9 | 17.9 | 6.3 | 27.3 | -29.8% |
| Germany | 10.0 | 6.8 | 2.5 | 13.6 | 10.8% |
| France | 16.4 | 14.1 | 1.6 | 10.6 | -13.5% |
| Honduras | N/A | N/A | 36.3 | N/A | 0% |
| Others | 5.9 | 3.3 | 1.7 | 3.2 | -18.4% |
| Total | 111 | 42.1 | 48.4 | 54.8 | -21.0% |
Top Suppliers of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils to Colombia in 2022:
- United States (4.9 tons)
- France (1.4 tons)
- Germany (0.9 tons)
Exports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Colombia
For the fourth year in a row, Colombia recorded growth in shipments abroad of terpenic oils; gum, wood or sulphate turpentine oilses, which increased by 14% to 1.7 tons in 2022. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 60% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, exports of terpenic oils; gum, wood or sulphate turpentine oilses skyrocketed to $9.7K in 2022. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 67% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 0.1 | 0.1 | 2.7 | 3.9 | 239.1% |
| Ecuador | 3.2 | 3.7 | 3.6 | 3.1 | -1.1% |
| Peru | N/A | 0.2 | N/A | 2.3 | 239.1% |
| Costa Rica | N/A | N/A | 0.2 | 0.2 | 0.0% |
| Guatemala | N/A | N/A | 0.2 | 0.2 | 0.0% |
| Others | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Total | 3.3 | 4.1 | 6.9 | 9.7 | 43.2% |
Top Export Markets for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils from Colombia in 2022:
- Panama (719.0 kg)
- Ecuador (568.0 kg)
- Peru (376.0 kg)
- Guatemala (44.0 kg)
- Costa Rica (26.0 kg)
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This report provides an in-depth analysis of the market for gum or wood oils in Colombia.
632
This report provides an in-depth analysis of the global market for gum or wood oils.
334
This report provides an in-depth analysis of the market for gum or wood oils in Colombia.
632
This report provides an in-depth analysis of the global market for gum or wood oils.
729
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...
1565
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...
729
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...
1565
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...
