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

Contents:

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

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

The average export price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $2,757 per ton in 2022, shrinking by -61.7% against the previous year. Over the period under review, the export price showed a slight downturn. The pace of growth appeared the most rapid in 2014 when the average export price increased by 80% against the previous year. Over the period under review, the average export prices attained the peak figure at $8,244 per ton in 2018; however, from 2019 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 Burundi ($12,750 per ton), while the average price for exports to Rwanda ($1,385 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burundi (+7.6%).

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

In 2022, the average import price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $7,665 per ton, with a decrease of -16.8% against the previous year. Overall, the import price, however, posted a significant increase. The pace of growth was the most pronounced in 2013 an increase of 402%. Over the period under review, average import prices attained the peak figure at $12,207 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 South Africa ($17,726 per ton), while the price for the United Arab Emirates ($1,185 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

For the fourth consecutive year, Uganda recorded growth in shipments abroad of terpenic oils; gum, wood or sulphate turpentine oilses, which increased by 96% to 38 tons in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 29,962% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of terpenic oils; gum, wood or sulphate turpentine oilses contracted sharply to $105K in 2022. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 17,198%.

Export of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Uganda (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
IndiaN/AN/AN/A1050%
Burundi0.341.41180.2-12.6%
Rwanda0.121.516.7N/A1192.3%
OthersN/A7.55.7N/A-24.0%
Total0.470.4140105540.3%

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

  1. India (38.2 tons)

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

In 2022, approx. 869 kg of terpenic oils; gum, wood or sulphate turpentine oilses were imported into Uganda; dropping by -31% on the year before. In general, imports recorded a perceptible contraction. The pace of growth was the most pronounced in 2021 when imports increased by 453% against the previous year. As a result, imports attained the peak of 1.3 tons, and then reduced markedly in the following year.

In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses contracted notably to $6.7K in 2022. Overall, imports recorded a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by 577% against the previous year.

Import of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Uganda (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Africa1.30.37.62.930.7%
China8.20.71.62.3-34.5%
Kenya1.90.51.01.0-19.3%
India0.10.10.80.344.2%
United Arab Emirates0.60.10.50.2-30.7%
OthersN/AN/AN/AN/A0%
Total12.01.711.66.7-17.7%

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

  1. Kenya (395.0 kg)
  2. South Africa (164.0 kg)
  3. United Arab Emirates (146.0 kg)
  4. China (137.0 kg)
  5. India (27.0 kg)

Source: IndexBox Market Intelligence Platform

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