Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in South Korea - 2022
Contents:
- Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in South Korea (CIF) - 2022
- Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in South Korea (FOB) - 2022
- Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in South Korea
- Exports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in South Korea
Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in South Korea (CIF) - 2022
The average import price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $2,693 per ton in 2022, dropping by -13.6% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 +23.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 43%. The import price peaked at $3,543 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($6,502 per ton), while the price for Vietnam totaled $2,355 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+34.6%), 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 South Korea (FOB) - 2022
In 2022, the average export price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $15,225 per ton, growing by 518% against the previous year. In general, the export price showed a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($21,333 per ton), while the average price for exports to Bangladesh totaled $13,452 per ton.
From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+84.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in South Korea
In 2022, approx. 47 tons of terpenic oils; gum, wood or sulphate turpentine oilses were imported into South Korea; jumping by 23% compared with the previous year. Overall, imports, however, showed a abrupt decrease.
In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses rose rapidly to $127K in 2022. Over the period under review, imports, however, showed a abrupt decrease.
| Import of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 111 | 84.6 | 57.9 | 102 | -2.8% |
| China | 10.9 | 11.7 | 20.0 | 23.5 | 29.2% |
| Belgium | 19.6 | 15.2 | 15.6 | N/A | -10.8% |
| Indonesia | 43.7 | 28.6 | 18.1 | N/A | -35.6% |
| Others | 7.5 | 4.3 | 7.2 | 1.5 | -41.5% |
| Total | 193 | 144 | 119 | 127 | -13.0% |
Top Suppliers of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils to South Korea in 2022:
- Vietnam (43.2 tons)
- China (3.6 tons)
Exports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in South Korea
In 2022, shipments abroad of terpenic oils; gum, wood or sulphate turpentine oilses decreased by -92% to 40 kg, falling for the second year in a row after two years of growth. In general, exports faced a deep downturn. The pace of growth was the most pronounced in 2020 when exports increased by 2,617%. As a result, the exports attained the peak of 1.9 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of terpenic oils; gum, wood or sulphate turpentine oilses shrank dramatically to $609 in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 2,651% against the previous year. As a result, the exports reached the peak of $5.3K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in South Korea (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 1.0 | 8.0 | 1.0 | 417 | 647.1% |
| Malaysia | 1.0 | 93.0 | 15.0 | 192 | 476.9% |
| China | 15.0 | 502 | 103 | N/A | 162.0% |
| Vietnam | 49.0 | 270 | 329 | N/A | 159.1% |
| Indonesia | 111 | 3,660 | 715 | N/A | 153.8% |
| Others | 17.0 | 804 | 62.0 | N/A | 91.0% |
| Total | 194 | 5,337 | 1,225 | 609 | 46.4% |
Top Export Markets for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils from South Korea in 2022:
- Bangladesh (31.0 kg)
- Malaysia (9.0 kg)
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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...
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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...
