Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in France - 2023

Contents:

  1. Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in France (CIF) - 2023
  2. Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in France (FOB) - 2022
  3. Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in France
  4. Exports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in France

Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in France (CIF) - 2023

In November 2023, the average import price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $2,475 per ton, with a decrease of -29.3% against the previous month. In general, import price indicated slight growth from November 2022 to November 2023: its price increased at an average monthly rate of +1.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for terpenic oils; gum, wood or sulphate turpentine oilses decreased by -29.3% against October 2023 indices. The pace of growth was the most pronounced in August 2023 when the average import price increased by 71% month-to-month. Over the period under review, average import prices reached the maximum at $3,502 per ton in October 2023, and then dropped dramatically in the following month.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Germany ($31,681 per ton), while the price for Austria ($367 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+20.6%), 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 France (FOB) - 2022

The average export price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $20,092 per ton in 2022, shrinking by -11.1% against the previous year. Overall, the export price, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 109% against the previous year. Over the period under review, the average export prices reached the peak figure at $22,598 per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($28,308 per ton), while the average price for exports to the United States ($3,402 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 Germany (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the amount of terpenic oils; gum, wood or sulphate turpentine oilses imported into France rose rapidly to 42K tons, surging by 12% compared with the previous year. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 294,086%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses soared to $87M in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 98,880% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

Import of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in France (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
FinlandN/AN/A15.318.722.2%
United States0.4N/A0.715.7239.8%
BrazilN/AN/A17.79.2-48.0%
SwedenN/AN/A3.99.0130.8%
PortugalN/AN/A6.56.96.2%
ArgentinaN/AN/A8.25.0-39.0%
GermanyN/AN/A5.74.4-22.8%
SpainN/AN/A4.84.4-8.3%
NetherlandsN/AN/A4.84.3-10.4%
RussiaN/AN/A0.73.9457.1%
PolandN/AN/A0.91.455.6%
AustriaN/AN/A1.40.6-57.1%
South AfricaN/AN/A0.10.3200.0%
Others0.10.14.03.7233.2%
Total0.50.174.687.5459.3%

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

  1. Finland (13.0K tons)
  2. Sweden (6.1K tons)
  3. United States (4.8K tons)
  4. Netherlands (3.2K tons)
  5. Brazil (2.4K tons)
  6. Russia (2.2K tons)
  7. Portugal (2.0K tons)
  8. Poland (1.7K tons)
  9. Spain (1.5K tons)
  10. Argentina (1.3K tons)
  11. South Africa (0.8K tons)
  12. Germany (0.8K tons)
  13. Austria (0.7K tons)

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

In 2022, approx. 301 tons of terpenic oils; gum, wood or sulphate turpentine oilses were exported from France; dropping by -19.3% on the year before. Over the period under review, exports faced a sharp contraction.

In value terms, exports of terpenic oils; gum, wood or sulphate turpentine oilses declined sharply to $6.1M in 2022. In general, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 8.1% against the previous year. As a result, the exports reached the peak of $8.4M, and then declined rapidly in the following year.

Export of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in France (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany6,4247,2087,7085,208-6.8%
Belgium293123227237-6.8%
Sweden2.02.5N/A212373.3%
Italy92.959.232.01239.8%
United Kingdom95.914377.751.1-18.9%
India19.157.23.540.928.9%
Switzerland40.660.116035.3-4.6%
United States11911.69.42.7-71.7%
Others331140219143-24.4%
Total7,4187,8058,4366,053-6.6%

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

  1. Germany (184.0 tons)
  2. Belgium (37.5 tons)
  3. Italy (26.7 tons)
  4. Sweden (18.4 tons)
  5. United Kingdom (8.0 tons)
  6. India (6.3 tons)
  7. Switzerland (5.4 tons)
  8. United States (0.8 tons)

Source: IndexBox Market Intelligence Platform

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