Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in New Zealand - 2024

Contents:

1. Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in New Zealand (CIF) - 2024
2. Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in New Zealand (FOB) - 2022
3. Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in New Zealand
4. Exports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in New Zealand

Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in New Zealand (CIF) - 2024

In January 2024, the average import price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $1,557 per ton, with a decrease of -14.1% against the previous month. Overall, the import price saw a perceptible descent. The pace of growth was the most pronounced in June 2023 an increase of 9.6% against the previous month. The import price peaked at $2,287 per ton in January 2023; however, from February 2023 to January 2024, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In January 2024, the country with the highest price was Argentina ($1,704 per ton), while the price for Australia totaled $1,199 per ton.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Brazil (+0.1%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $2,736 per ton, shrinking by -63.5% against the previous year. In general, the export price recorded a noticeable curtailment. The pace of growth was the most pronounced in 2021 when the average export price increased by 96%. As a result, the export price attained the peak level of $7,505 per ton, and then dropped dramatically in the following year.

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 Tonga ($5,988 per ton), while the average price for exports to Australia ($2,437 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 Tonga (+32.4%), while the prices for the other major destinations experienced a decline.

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

In 2022, imports of terpenic oils; gum, wood or sulphate turpentine oilses into New Zealand expanded remarkably to 1.7K tons, growing by 6.6% on 2021. Overall, imports enjoyed a modest increase. The growth pace was the most rapid in 2021 when imports increased by 251% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses soared to $1.6M in 2022. In general, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 281%. 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 New Zealand in 2022:

1. Australia (1516.0 tons)
2. Argentina (160.0 tons)

Exports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in New Zealand

Exports of terpenic oils; gum, wood or sulphate turpentine oilses from New Zealand shrank sharply to 5.2 tons in 2022, which is down by -73.3% compared with the year before. In general, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,336% against the previous year. As a result, the exports reached the peak of 20 tons, and then shrank notably in the following year.

In value terms, exports of terpenic oils; gum, wood or sulphate turpentine oilses declined sharply to $14K in 2022. Overall, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 2,719% against the previous year. As a result, the exports attained the peak of $147K, and then dropped rapidly in the following year.

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

1. Australia (4.2 tons)
2. Kiribati (0.7 tons)
3. Tonga (0.3 tons)

Source: IndexBox Market Intelligence Platform