The re-import of gum, wood, or sulphate turpentine oils to France has shown a steady decline from 2016 to 2020, with values dropping from 152 kg to 41 kg, recording a significant reduction over these years. Notably, the year-on-year decline was substantial, highlighting a persistent decrease in demand or supply chain adjustments leading to such changes. The Compound Annual Growth Rate (CAGR) over these five years underscores a downward trend, emphasizing a consistent reduction.
Looking into 2023, it’s crucial to notice if the trend has halted or reversed, as this would suggest stabilization or a shift in market dynamics. Moving forward into 2024, watch for:
• Potential market recovery or continued decline based on global economic conditions.
• Innovations in product applications or diversification leading to a resurgence in demand.
• Impact of environmental regulations influencing production and re-import levels.
