Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in the Dominican Republic - 2023

Contents:

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

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

In 2022, the average import price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $5,846 per ton, with an increase of 35% against the previous year. Overall, the import price saw buoyant growth. The pace of growth appeared the most rapid in 2014 an increase of 78% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($5,846 per ton), while the price for Mexico totaled $2,451 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+45.5%), 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 the Dominican Republic (FOB) - 2022

In 2022, the average export price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $2,516 per ton, shrinking by -22.6% against the previous year. Overall, the export price continues to indicate a perceptible downturn. The growth pace was the most rapid in 2019 an increase of 27% against the previous year. Over the period under review, the average export prices attained the maximum at $4,417 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($3,409 per ton), while the average price for exports to the United States amounted to $2,070 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (-0.9%).

Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in the Dominican Republic

In 2022, approx. 15 tons of terpenic oils; gum, wood or sulphate turpentine oilses were imported into the Dominican Republic; surging by 640% compared with the previous year's figure. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses surged to $89K in 2022. In general, imports recorded strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in the Dominican Republic (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
China65.9N/A89.016.2%
SwedenN/A8.7N/A0%
Others0.50.30.4-10.6%
Total66.48.989.516.1%

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

  1. China (15.2 tons)

Exports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in the Dominican Republic

In 2022, exports of terpenic oils; gum, wood or sulphate turpentine oilses from the Dominican Republic skyrocketed to 5.1 tons, growing by 46% against 2021 figures. Over the period under review, exports enjoyed a tangible increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of terpenic oils; gum, wood or sulphate turpentine oilses rose significantly to $13K in 2022. Overall, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 33%.

Export of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States16.85.47.36.9-25.7%
France3.83.02.85.513.1%
CuracaoN/AN/A1.1N/A0%
OthersN/A0.1N/A0.373.2%
Total20.68.511.212.7-14.9%

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

  1. United States (3.4 tons)
  2. France (1.6 tons)

Source: IndexBox Market Intelligence Platform

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