In 2023, France led European sold production of gum, wood or sulphate turpentine oils, pine oil, and their likes, generating 44.152 million euros, showing a minor increase of 1.91% from the previous year. Portugal and Spain followed, both demonstrating greater growth rates of 6.19% and 6.53%, respectively. Sweden saw a substantial increase of 17.93%, highlighting its expanding market position. Finland recorded a decrease of 5.82%, while Estonia exhibited significant growth at 25.64%, albeit from a low base. Denmark remained relatively stable with negligible change.
Future trends to watch include potential market expansion in Spain and Sweden due to their high growth rates, and the importance of monitoring Finland’s declining trend. Additionally, emerging opportunities may arise in smaller markets such as Estonia, given its rapid growth trajectory. Consideration of sustainability and innovation in production processes may also drive future competitiveness and market share shifts among these countries.
Top countries in Sold Production of Gum, Wood or Sulphate Turpentine Oils, Pine Oil and Other Alike by Country
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 44,152,000 | 2023 | +19.74% | +1.91% | View data |
| 2 | 2 Portugal | 18,442,000 | 2023 | +18.71% | +6.19% | View data |
| 3 | 3 Spain | 17,641,000 | 2023 | +28.25% | +6.53% | View data |
| 4 | 4 Sweden | 15,163,000 | 2023 | +23.07% | +17.93% | View data |
| 5 | 5 Finland | 8,342,200 | 2023 | +8.51% | -5.82% | View data |
| 6 | 6 Estonia | 177,770 | 2023 | +0.0096% | +25.64% | View data |
| 7 | 7 Denmark | 147 | 2023 | +15.19% | View data |
