CCM’s recently-issued report, Production
and Market of Turpentine in China, which focuses on the current
and potential market of two kinds of turpentine, namely gum turpentine (GT) and crude sulphate
turpentine (CST), which are by-products of gum rosin and wood
pulp respectively. Highlights of the report include: production
situation of turpentine in the past few years in China (the latest data was
updated as of H1 2013); analysis of export & import data of China’s turpentine
during 2009–H1 of 2013; consumption pattern of turpentine in China during 2005–2012; forecast of China’s turpentine from 2013 to 2017, in
which the estimated data related to the output volume, export volume, and
consumption volume of China’s turpentine are provided.
It is known that China has
abundant pine resources, which has supported China to be the largest producer
of gum turpentine in the world—with the contribution rate of about 45%. Nowadays,
China’s gum turpentine is mainly used to produce terpene resin, synthetic
camphor, terpineol, etc.
Generally speaking, China’s gum turpentine production
is greatly influenced by the production of gum rosin. Guangxi, Yunnan,
Guangdong, Fujian and Jiangxi provinces are the top five gum turpentine production
regions in China during 2004–2012, and the total output of gum
turpentine contributed by these five regions accounted for over 85% of the
total output nationwide. According to CCM’s monitoring, the output of gum
turpentine has changed in a big margin in recent five years. It dropped sharply
in 2008 as affected by the snow storm in South China and global financial
crisis. Influenced by the strong downstream demand, the output of China’s gum
turpentine witnessed an increase in 2011. However, in 2012 and the first half
of 2013, the output of China’s gum turpentine kept decreasing due to the
reduction in the output of gum rosin.
With respect to the export situation, the
main export destinations of China’s gum turpentine include Japan, Mexico,
France, India, etc. China’s gum turpentine export volume remained high before
2007. But along with the cancellation of the export rebate rate for gum
turpentine in April 2007 and rapid development of production of domestic gum
turpentine derivatives, the export volume of gum turpentine dropped sharply in
2008 and 2009. In 2011, the export volume increased a lot, thanks to the
recovery of world economy. However, it was small in 2012 because of the weak
demand from overseas markets and fierce competition from counterparts in Indonesia.
The report also attaches
importance to China’s gum turpentine price, which changed
periodically as resulted from the seasonal price changes of oleoresin. During 2007–2010,
the price of China’s gum turpentine has kept increasing and reached the peak in
2010. After 2011, the price began to decline drastically and hit the bottom in
Aug. 2012 due to large stock and weak demand, but then it rebounded somehow.
As to crude sulphate turpentine
(CST), only five active paper mills have recycled this material in 2012, and its
output has kept decreasing in the past few years due to wood pulp production
with fast-growing trees and pulp production with waste paper. In 2012, the
output of CST was only 300 tonnes in China. At present, China’s crude sulphate
turpentine is mainly used in fuel, paints & coating, solvent, and in the
production of derivatives. In the report, CCM will give a complete introduction
to CST, including its price, import and export situation, consumption,
application, derivatives, as well as outlook of CST in the next ten years, and
comparison of the turpentine availability between GT and CST, etc.
For more information about the
report, please visit:
CCM is dedicated to market research in China, Asia-Pacific Rim and global market. With a staff
of more than 150 dedicated highly-educated professionals, CCM offers Market Data, Analysis, Reports, Newsletters,
Buyer-Trader Information, Import/Export Analysis, and Consultancy
Service.
Guangzhou
CCM Information Science & Technology Co., Ltd.
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China
Tel: 86-20-37616606
Email: econtact@cnchemicals.com