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

Contents:

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

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

The average export price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $3,043 per ton in 2022, which is down by -7.7% against the previous year. Overall, the export price, however, saw a resilient expansion. The pace of growth was the most pronounced in 2021 an increase of 74%. As a result, the export price reached the peak level of $3,297 per ton, and then contracted in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to India ($3,043 per ton) and Japan ($3,043 per ton), while the average price for exports to China ($3,043 per ton) and France ($3,043 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $2,766 per ton in 2022, with a decrease of -3.3% against the previous year. Over the period under review, the import price, however, posted a perceptible expansion. The pace of growth was the most pronounced in 2021 an increase of 45% against the previous year. Over the period under review, average import prices reached the maximum at $3,304 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($2,766 per ton), while the price for Lao People's Democratic Republic stood at $2,765 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+11.3%), 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 Vietnam

In 2022, approx. 13K tons of terpenic oils; gum, wood or sulphate turpentine oilses were exported from Vietnam; with a decrease of -8.7% compared with 2021. Overall, exports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of 7.2% against the previous year.

In value terms, exports of terpenic oils; gum, wood or sulphate turpentine oilses dropped dramatically to $40M in 2022. Over the period under review, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 86% against the previous year. As a result, the exports reached the peak of $47M, and then plummeted in the following year.

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

1. India (11.0K tons)
2. China (0.9K tons)
3. Japan (0.6K tons)
4. France (0.3K tons)

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

In 2022, the amount of terpenic oils; gum, wood or sulphate turpentine oilses imported into Vietnam skyrocketed to 6.3 tons, rising by 29% on 2021. The total import volume increased at an average annual rate of +3.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.

In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses surged to $17K in 2022. Overall, imports, however, recorded a perceptible contraction.

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

1. Japan (4.9 tons)
2. Lao People's Democratic Republic (1.3 tons)

Source: IndexBox Market Intelligence Platform