Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Oman - 2022
Contents:
- Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Oman (CIF) - 2022
- Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Oman
Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Oman (CIF) - 2022
In 2022, the average import price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $2,765 per ton, dropping by -18.3% against the previous year. In general, the import price saw a abrupt downturn. The growth pace was the most rapid in 2018 when the average import price increased by 80% against the previous year. The import price peaked at $6,135 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($2,766 per ton), while the price for India stood at $2,765 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.8%), while the prices for the other major suppliers experienced a decline.
Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Oman
In 2022, supplies from abroad of terpenic oils; gum, wood or sulphate turpentine oilses decreased by -7.7% to 3.1 tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a significant curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 21% against the previous year. As a result, imports reached the peak of 119 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses shrank sharply to $8.6K in 2022. In general, imports recorded a sharp curtailment. The smallest decline of -20.3% was in 2020.
| Import of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 11.7 | 5.7 | 0.2 | 4.8 | -25.7% |
| India | 591 | 475 | 11.1 | 3.8 | -81.4% |
| United Kingdom | 1.4 | 0.4 | N/A | N/A | -71.4% |
| Others | 1.2 | 1.6 | N/A | N/A | 33.3% |
| Total | 605 | 483 | 11.4 | 8.6 | -75.8% |
Top Suppliers of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils to Oman in 2022:
- United Arab Emirates (1.8 tons)
- India (1.4 tons)
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