Turpentine Price Trends and Forecast

Regional Price Overview

Get the latest insights on price movement and trends analysis of Turpentine in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Turpentine Price Trends for the First Half of 2023

Turpentine prices observed wavering price trends throughout the first half of the year 2023. Turpentine market trends were fundamentally driven by the downstream demands from the chemical and construction sectors. In the Asian market, the industrial recovery in China and infrastructure development in India fueled the demands for Turpentine, so the price trends inclined at the beginning, but sufficient supplies soon plateaued the price curve.

The domestic situation was better for the Asian Turpentine market; however, the export queries took a serious hit. Further, high inflation in Europe and America affected the construction sector negatively, and the Turpentine consumption got bearish. This caused an oversupply in the Asian market, although moderate demands kept the Turpentine market afloat. Overall, mixed market sentiments were experienced.

Analyst Insight

According to Procurement Resource, the demand outlook suggests a similar consumption pattern for the coming months as well. However, the situation is anticipated to improve for the American and European Turpentine markets moving forward.

Procurement Resource provides latest prices of Turpentine. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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Turpentine is one of the oldest and most common industrial solvents. It is distinct from other chemical solvents as it is derived from a renewable source. Turpentine is a chemical that is naturally derived from live pine trees, as it has been for decades. It is ready for use in industrial applications after a thorough distillation process.

Product Details

Report Features Details
Product Name Turpentine
Industrial Uses Solvent, Water Proofing, Sanitation, Cosmetics, Insect Repellants
Chemical Formula C10H16
Synonyms Gum turpentine, Spirits of gum turpentine, Turpentine gum
Molecular Weight 136.23 g/mol
Supplier Database PT. Naval Overseas, Wuzhou Pine Chemicals Ltd., Punjab Rosin and Chemicals Works, Wuzhou Sun Shine Forestry & Chemicals Co.,, Forestar Chemical Co., Ltd., Deqing Yinlong Industrial Co., Ltd., Deqing Jiyuan synthetic Resin Co., Ltd., Resin Chemicals Co., Ltd
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

  • Production of Turpentine from Natural Resin

Turpentine is extracted from the natural resin of pine trees during the distillation process.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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