The global export market for Gum, Wood, or Sulphate Turpentine Oils is dominated by Indonesia and Brazil, with values standing at 26.81 and 25.9 million USD, respectively, in 2023. These two countries show strong year-on-year growth, with Indonesia at 3.49% and Brazil at 3.18%. Other notable contributors include the United States, Sweden, and Portugal. Countries like Denmark and Japan have exhibited significant positive growth rates of 24.59% and 32.38%, respectively, whereas China and Malaysia face double-digit declines.
Looking forward, future trends to watch include continued growth in Indonesia and Brazil's market share, potential recovery opportunities in China and Malaysia, and the impact of geopolitical factors on supply chains. Technological advancements in extraction and production and shifting global demand patterns will also play crucial roles in shaping the market.
Top countries in Export of Gum, Wood or Sulphate Turpentine Oils Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Indonesia | 26.81 | 2023 | +5.69% | +3.49% | View data |
| 2 | 2 Brazil | 25.9 | 2023 | +5.29% | +3.18% | View data |
| 3 | 3 United States | 8.07 | 2023 | +1.63% | +4.51% | View data |
| 4 | 4 Sweden | 7.75 | 2023 | +5.03% | +2.79% | View data |
| 5 | 5 Portugal | 7.26 | 2023 | +4.75% | +2.08% | View data |
| 6 | 6 Finland | 6.43 | 2023 | +5.11% | +3.47% | View data |
| 7 | 7 Argentina | 3.74 | 2023 | +4.2% | +3.22% | View data |
| 8 | 8 Canada | 2.5 | 2023 | +1.95% | +7.28% | View data |
| 9 | 9 France | 2.33 | 2023 | +6.36% | +1.08% | View data |
| 10 | 10 Spain | 2.22 | 2023 | +4.93% | +4.76% | View data |
