HS Code:
Pine oil (HS Code: 3805.90) is a category of essential oils derived primarily from pine trees through distillation of pine needles, twigs, or cones. It is widely used in aromatherapy, cleaning products, disinfectants, and as a fragrance in cosmetics and personal care items. Pine oil is valued for its antiseptic properties and distinct woody scent, making it a popular ingredient in industrial and household applications. The global trade of pine oil is influenced by the availability of pine forests, production capabilities, and demand in the pharmaceutical and cleaning industries.
Total Trade Volume
USD 150 million
Data from 2022
Source
United Nations Comtrade Database & International Trade Centre (ITC)
USD 40 million
26.7% of total trade
Increasing
USD 30 million
20.0% of total trade
Increasing
USD 25 million
16.7% of total trade
Stable
USD 15 million
10.0% of total trade
Stable
USD 10 million
6.7% of total trade
Decreasing
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for natural disinfectants
Increased imports of pine oil in cleaning and healthcare sectors due to its antiseptic properties, especially post-COVID-19.
2020-2022
Shift towards sustainable sourcing
Countries with sustainable forestry practices (e.g., Finland, Sweden) are gaining market share as buyers prioritize eco-friendly products.
2021-2023
Fluctuating raw material availability
Climate change and deforestation are impacting pine forest yields, leading to price volatility in global markets.
2019-2022
The European Union introduced stricter purity and labeling requirements for pine oil imports to ensure consumer safety and environmental compliance.
June 2023
Exporters to the EU must invest in compliance, potentially increasing costs but ensuring market access.
A new bilateral agreement reduced tariffs on pine oil and related products, boosting trade between the two largest players in the market.
March 2022
Increased export volumes from China to the US, potentially reshaping market shares.
Russia imposed temporary export limits on pine oil to prioritize domestic supply amid sanctions and geopolitical challenges.
April 2022
Global supply shortages and price spikes, with buyers turning to alternative suppliers like Finland and the US.