Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Sri Lanka - 2022

Contents:

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

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

In 2022, the average import price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $2,762 per ton, rising by 6.5% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 68%. Over the period under review, average import prices attained the maximum at $3,440 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Indonesia ($4,671 per ton), while the price for India amounted to $2,537 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+21.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $953 per ton in 2022, waning by -68.6% against the previous year. In general, the export price saw a abrupt decrease. The pace of growth appeared the most rapid in 2020 an increase of 112% against the previous year. As a result, the export price attained the peak level of $3,301 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Maldives.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +13.6% per year.

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

In 2022, after three years of growth, there was significant decline in overseas purchases of terpenic oils; gum, wood or sulphate turpentine oilses, when their volume decreased by -55.9% to 13 tons. Overall, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. As a result, imports reached the peak of 29 tons, and then declined rapidly in the following year.

In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses fell significantly to $36K in 2022. In general, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. As a result, imports reached the peak of $76K, and then fell markedly in the following year.

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

1. India (11.5 tons)
2. Indonesia (1.4 tons)

Exports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Sri Lanka

In 2022, overseas shipments of terpenic oils; gum, wood or sulphate turpentine oilses decreased by -92.4% to 150 kg for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 337% against the previous year.

In value terms, exports of terpenic oils; gum, wood or sulphate turpentine oilses contracted significantly to $143 in 2022. Overall, exports recorded a dramatic decline. The pace of growth was the most pronounced in 2020 with an increase of 826%.

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

1. Maldives (150.0 kg)

Source: IndexBox Market Intelligence Platform