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

Contents:

1. Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Ethiopia (CIF) - 2022
2. Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Ethiopia

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

In 2022, the average import price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $1,076 per ton, reducing by -27.1% against the previous year. Overall, the import price showed a abrupt descent. The pace of growth appeared the most rapid in 2021 when the average import price increased by 101%. Over the period under review, average import prices reached the maximum at $2,538 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -6.2% per year.

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

In 2022, overseas purchases of terpenic oils; gum, wood or sulphate turpentine oilses decreased by -22% to 51 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 826%.

In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses reduced dramatically to $55K in 2022. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 573% against the previous year. As a result, imports attained the peak of $97K, and then contracted sharply in the following year.

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

1. China (51.3 tons)

Source: IndexBox Market Intelligence Platform