Turpentine Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition
Turpentine Price Trend, Index and Forecast
Track the latest insights on turpentine price trend and forecast with detailed analysis of regional fluctuations and market dynamics across North America, Latin America, Central Europe, Western Europe, Eastern Europe, Middle East, North Africa, West Africa, Central and Southern Africa, Central Asia, Southeast Asia, South Asia, East Asia, and Oceania.
Turpentine Prices Outlook Q1 2025
- USA: US$ 3345/Ton
- China: US$ 2020/Ton
- Brazil: US$ 1740/Ton
- Belgium: US$ 1945/Ton
- Japan: US$ 2855/Ton
Turpentine Price Chart
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During the first quarter of 2025, the turpentine prices in the USA reached 3345 USD/Ton in March. As per the turpentine price chart, prices fluctuated due to a combination of factors, including crude oil prices, seasonal demand, and supply chain disruptions. Besides, refinery maintenance and export opportunities also played a significant role.
During the first quarter of 2025, turpentine prices in China reached 2020 USD/Ton in March. Prices experienced fluctuations due to a combination of factors, including elevated domestic production capacity, robust export activity, and fluctuations in crude oil prices. Initially, prices were supported by supply concerns and steady demand, but as refinery activity normalized and exports increased, concerns about oversupply began to mount.
During the first quarter of 2025, the turpentine prices in Brazil reached 1740 USD/Ton in March. Brazilian elliottii gum turpentine prices surged due to tightening supply and robust demand from critical end-use sectors. Besides, due to the continued bearish outlook for rosin, low processing rates persisted, limiting turpentine supply further.
During the first quarter of 2025, the turpentine prices in Belgium reached 1945 USD/Ton in March. Prices in Belgium fluctuated due to a mix of factors, including changes in crude oil prices, supply chain disruptions, and seasonal demand patterns.
During the first quarter of 2025, the turpentine prices in Japan reached 2855 USD/Ton in March. Prices in Japan experienced fluctuations due varying crude oil prices, refinery turnarounds, and seasonal demand. Elevated input costs, particularly those related to crude oil and seasonal demand also influenced prices.
Regional Coverage
The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the turpentine prices.
Global Turpentine Price Trend
The report offers a holistic view of the global turpentine pricing trends in the form of turpentine price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of turpentine, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed turpentine demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Turpentine Price Trend
Q1 2025:
As per the turpentine price index, prices in Europe were influenced by a combination of factors, including a weak construction sector, fluctuating energy prices, and geopolitical uncertainties. Moreover, changes in crude oil prices, a key factor in turpentine production costs, impacted the market. Besides, the demand for turpentine from various downstream industries, including paints, coatings, and chemicals, also played a role in price fluctuations.
This analysis can be extended to include detailed turpentine price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Turpentine Price Trend
Q1 2025:
Turpentine prices in North America experienced fluctuations influenced by a combination of factors, including crude oil prices and supply chain dynamics. Prices were influenced due to increased input costs and seasonal demand, particularly from wedding festivities. However, supply and falling crude oil prices, despite persistent weak downstream demand in the construction and coatings sectors, further influenced prices.
Specific turpentine prices and historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Turpentine Price Trend
Q1 2025:
The report explores the turpentine trends and turpentine price chart in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on turpentine prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Turpentine Price Trend
Q1 2025:
In the Asia Pacific region during Q1 2025, turpentine prices fluctuated due rising crude oil prices and seasonal demand from numerous festivities, which led to price hikes. Later, refinery turnarounds and improved exports also supported price increases, while declining crude prices and abundant supply in March led to price volatility. Downstream demand remained weak in the construction and coatings industries.
This turpentine price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Turpentine Price Trend
Q1 2025:
As per the turpentine price index, Brazilian pinus elliottii gum turpentine prices surged due to tightening supply and robust demand from critical end-use sectors. This price hike stemmed from reduced supply, as gum turpentine is a coproduct of pine oleoresin distillation, along with gum rosin. With a weaker market outlook for gum rosin, many processors lowered their production rates, consequently curbing the output of gum turpentine. Moreover, several Brazilian manufacturers sold out of Pinus elliottii gum turpentine through February and March, indicating sustained demand pressure.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Turpentine Price Trend, Market Analysis, and News
IMARC's latest publication, “Turpentine Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the turpentine market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of turpentine at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed turpentine price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting turpentine pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.
Turpentine Industry Analysis
The global turpentine market size reached USD 1.33 Billion in 2024. By 2033, IMARC Group expects the market to reach USD 2.18 Billion, at a projected CAGR of 5.30% during 2025-2033.
- Turpentine serves as a critical raw material in the production of aromatic chemicals such as alpha-pinene, beta-pinene, and limonene, which are foundational compounds for manufacturing perfumes, air fresheners, and flavoring agents. The global rise in consumer demand for natural and plant-derived fragrances and flavors is bolstering the need for turpentine-based products. As synthetic alternatives face regulatory scrutiny over health and environmental concerns, the preference for natural extracts has increased, especially in cosmetics, toiletries, and food applications. Additionally, turpentine’s bio-based origin aligns with the clean-label trend that many personal care and food manufacturers now emphasize. The expanding middle-class population in emerging economies further contributes to growing consumption of premium scented and flavored goods, reinforcing market demand.
- Turpentine is widely utilized as a solvent in the manufacturing of paints, varnishes, thinners, and polishes, due to its strong solvency properties and compatibility with various resins. As construction and infrastructure activities surge globally, particularly in developing regions, there is a parallel increase in demand for coatings and paints where turpentine plays a crucial role. Moreover, its natural derivation from pine trees offers a less toxic and environmentally safer alternative to petroleum-based solvents. This is becoming increasingly attractive in the context of stricter environmental regulations on volatile organic compound (VOC) emissions. Industrial and artisan users alike prefer turpentine for its superior finish and application ease, especially in fine arts and woodworking.
- Turpentine is primarily obtained through the distillation of resin tapped from pine trees, making the growth and availability of forest resources pivotal to market expansion. Countries with extensive pine plantations, such as China, Brazil, Indonesia, and India, are seeing growth in turpentine production driven by sustainable forestry practices and increased resin tapping efficiency. Government support for agroforestry and timber-based rural income generation further promotes pine cultivation, which in turn supports turpentine output. Additionally, advances in distillation technologies and improved resin extraction techniques are enhancing turpentine yield and quality. As forest product industries expand to meet global wood, pulp, and resin demands, turpentine emerges as a valuable by-product, boosting its market availability.
Turpentine News
The report covers the latest developments, updates, and trends impacting the global turpentine industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in turpentine production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the turpentine price trend.
Latest developments in the Turpentine industry:
- June 2025: Chennai Petroleum Corporation Limited announced that it is preparing to create its own retail fuel outlets in India. The company also plans to introduce lubricants tailored to particular industries. CPCL supplies 92% of its products to the parent business, Indian Oil Corporation Limited (IOCL). The remainder are sold to other businesses, such as mineral turpentine oil for the paint industry, paraffin wax, and solvents for the food and pharmaceutical industries.
- July 2021: GSK Consumer Healthcare announced the introduction of Iodex Rapid Action Spray, a body pain reliever for consumers. The five active constituents in its potent mix are Indian Wintegreen Oil, Menthol, Eucalyptus Oil, Turpentine Oil, and Clove Oil.
Product Description
Turpentine is a volatile, odorous liquid obtained primarily from the distillation of resin extracted from pine trees. It exists in two primary forms: gum turpentine, derived directly from tapping live pine trees, and wood turpentine, obtained as a by-product during the processing of pine wood. Chemically, turpentine consists mainly of terpenes, especially alpha-pinene and beta-pinene, which lend it both its characteristic aroma and its utility as a precursor in the production of fragrance and flavor compounds.
Historically, turpentine has served as a vital solvent in the manufacture of varnishes, paints, and waxes due to its strong dissolving properties and compatibility with resins. Today, it continues to be used in the paints and coatings industry, as well as in adhesives, pharmaceuticals, cleaning agents, and aroma chemicals. Its bio-based origin also makes it an attractive alternative to synthetic solvents in environmentally conscious applications. Furthermore, with increasing emphasis on renewable and sustainable raw materials, turpentine’s role is expanding in green chemistry and biorefinery processes.
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Turpentine |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Ammonia Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, Peru* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
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| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of turpentine pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
- The study examines factors affecting turpentine price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The turpentine price charts ensure our clients remain at the forefront of the industry.
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