Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Saudi Arabia - 2022
Contents:
- Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Saudi Arabia (CIF) - 2022
- Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Saudi Arabia
Price for Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Saudi Arabia (CIF) - 2022
The average import price for terpenic oils; gum, wood or sulphate turpentine oilses stood at $3,631 per ton in 2022, declining by -5.4% against the previous year. Over the period under review, the import price, however, posted a moderate increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 25%. Over the period under review, average import prices attained the maximum at $3,837 per ton in 2021, and then declined in the following year.
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 the United States ($13,701 per ton), while the price for China amounted to $2,164 per ton.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by India (+126.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Saudi Arabia
In 2022, the amount of terpenic oils; gum, wood or sulphate turpentine oilses imported into Saudi Arabia soared to 44 tons, increasing by 37% compared with the year before. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 487% against the previous year. As a result, imports attained the peak of 58 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of terpenic oils; gum, wood or sulphate turpentine oilses soared to $161K in 2022. Overall, imports posted significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 633% against the previous year. As a result, imports reached the peak of $197K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.3 | 63.3 | 52.4 | 83.5 | 150.7% |
| United States | 5.8 | 34.4 | 48.4 | 77.1 | 136.9% |
| South Korea | 4.1 | 7.3 | N/A | N/A | 78.0% |
| Germany | 8.7 | N/A | N/A | N/A | 0% |
| France | N/A | 11.2 | 9.7 | N/A | -13.4% |
| India | N/A | 62.9 | 8.6 | N/A | -86.3% |
| Netherlands | N/A | 17.8 | N/A | N/A | 0% |
| Others | 3.0 | N/A | 5.0 | N/A | 29.1% |
| Total | 26.9 | 197 | 124 | 161 | 81.6% |
Top Suppliers of Terpenic Oils; Gum, Wood or Sulphate Turpentine Oils to Saudi Arabia in 2022:
- China (38.6 tons)
- United States (5.6 tons)
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