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

Contents:

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

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

The average import price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $3,635 per ton in 2022, growing by 3.8% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 41%. Over the period under review, average import prices hit record highs at $4,754 per ton in 2017; however, from 2018 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 Kenya ($12,364 per ton), while the price for China ($786 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 Arab Emirates (+30.6%), 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 Tanzania (FOB) - 2022

In 2022, the average export price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $1,911 per ton, which is down by -14.9% against the previous year. Over the period under review, the export price, however, saw buoyant growth. The most prominent rate of growth was recorded in 2013 an increase of 138% against the previous year. Over the period under review, the average export prices hit record highs at $2,449 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Malawi amounted to +6.8% per year.

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

Imports of terpenic oils; gum, wood or sulphate turpentine oilses into Tanzania dropped dramatically to 2.5 tons in 2022, with a decrease of -22% on 2021. In general, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 76% against the previous year. As a result, imports reached the peak of 3.2 tons, and then contracted rapidly in the following year.

In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses shrank dramatically to $9K in 2022. Over the period under review, total imports indicated a mild expansion from 2019 to 2022: its value increased at an average annual rate of +1.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 62%. As a result, imports reached the peak of $11K, and then contracted significantly in the following year.

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

1. Germany (1366.0 kg)
2. Zambia (580.0 kg)
3. India (290.0 kg)
4. South Africa (142.0 kg)
5. United Arab Emirates (46.0 kg)

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

In 2022, overseas shipments of terpenic oils; gum, wood or sulphate turpentine oilses were finally on the rise to reach 157 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a deep contraction.

In value terms, exports of terpenic oils; gum, wood or sulphate turpentine oilses shrank to $300 in 2022. The total export value increased at an average annual rate of +7.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 15%. As a result, the exports reached the peak of $321, and then shrank in the following year.

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

1. Malawi (157.0 kg)

Source: IndexBox Market Intelligence Platform