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

Contents:

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

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

The average export price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $1,226 per ton in 2022, falling by -2% against the previous year. Overall, the export price, however, showed a strong expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 53%. Over the period under review, the average export prices attained the maximum at $1,518 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($3,131 per ton), while the average price for exports to Finland ($509 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 India (+12.1%), 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 Russia (CIF) - 2022

In 2022, the average import price for terpenic oils; gum, wood or sulphate turpentine oilses amounted to $6,455 per ton, with an increase of 193% against the previous year. Overall, the import price showed a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Estonia ($14,585 per ton), while the price for Lithuania ($3,111 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+18.6%), while the prices for the other major suppliers experienced mixed trend patterns.

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

After two years of decline, overseas shipments of terpenic oils; gum, wood or sulphate turpentine oilses increased by 96% to 5.8K tons in 2022. Over the period under review, exports enjoyed a resilient increase. As a result, the exports reached 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 surged to $7.2M in 2022. Overall, exports saw a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Russia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
FranceN/AN/A0.73.6414.3%
Finland0.30.30.31.985.0%
India4.32.81.60.9-40.6%
China0.30.31.10.626.0%
Others0.50.10.10.1-41.5%
Total5.43.73.77.210.1%

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

  1. Finland (3.8K tons)
  2. France (1.4K tons)
  3. India (0.4K tons)
  4. China (0.2K tons)

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

In 2022, after three years of growth, there was significant decline in supplies from abroad of terpenic oils; gum, wood or sulphate turpentine oilses, when their volume decreased by -74.5% to 147 tons. Over the period under review, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 83% against the previous year. As a result, imports reached the peak of 576 tons, and then contracted markedly in the following year.

In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses dropped rapidly to $947K in 2022. Overall, imports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 104%. As a result, imports reached the peak of $1.3M, and then shrank remarkably in the following year.

Import of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Russia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany0.13.32.36881801.9%
Lithuania0.56.30.4160584.0%
Estonia0.31.30.351.4455.4%
FranceN/AN/A0.247.823800.0%
Belarus5906131,267N/A46.5%
Others0.10.1N/AN/A0.0%
Total5916241,27094717.0%

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

  1. Germany (83.5 tons)
  2. Lithuania (51.5 tons)
  3. France (8.2 tons)
  4. Estonia (3.5 tons)

Source: IndexBox Market Intelligence Platform

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