The import volume of gum, wood, or sulphate turpentine oils to the US is projected to experience a steady decline from 2024 to 2028. Forecast data indicates a decrease in import volume from approximately 8.76 million kilograms in 2024 to around 8.59 million kilograms in 2028. This represents a year-on-year percentage decrease of less than 1% annually. Import variations over the last two years were relatively stable. The compound annual growth rate (CAGR) over the five-year period forecasts a subtle downward trend in volume.
Future trends to watch for include:
- Potential changes in domestic production and self-sufficiency influencing import needs.
- Possible shifts in trade policies or tariffs affecting cost and supply chain dynamics.
- Innovation in synthetic or alternative materials that may reduce dependence on traditional turpentine oils.
- Environmental regulations impacting both production methods abroad and import preferences.
