Price for Rosin and Resin Acids in the UK - 2023

Contents:

1. Price for Rosin and Resin Acids in the UK (CIF) - 2022
2. Price for Rosin and Resin Acids in the UK (FOB) - 2022
3. Imports of Rosin and Resin Acids in the UK
4. Exports of Rosin and Resin Acids in the UK

Price for Rosin and Resin Acids in the UK (CIF) - 2022

In 2022, the average rosin and resin acids import price amounted to $2,830 per ton, increasing by 9.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 20%. The import price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($7,762 per ton), while the price for Indonesia ($1,900 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Rosin and Resin Acids in the UK (FOB) - 2022

The average rosin and resin acids export price stood at $7,141 per ton in 2022, picking up by 1.9% against the previous year. In general, the export price, however, saw a deep downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by 55%. The export price peaked at $25,578 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($9,903 per ton), while the average price for exports to Portugal ($2,267 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rosin and Resin Acids in the UK

In 2022, approx. 3.4K tons of rosin and resin acidses were imported into the UK; rising by 83% against 2021 figures. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, rosin and resin acids imports surged to $9.6M in 2022. Over the period under review, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Rosin and Resin Acids to the UK in 2022:

1. Netherlands (1331.0 tons)
2. Portugal (830.6 tons)
3. Brazil (467.3 tons)
4. United States (221.6 tons)
5. Indonesia (172.8 tons)
6. Sweden (140.4 tons)
7. China (116.8 tons)
8. Ireland (0.8 tons)

Exports of Rosin and Resin Acids in the UK

In 2022, rosin and resin acids exports from the UK soared to 301 tons, with an increase of 506% on the previous year's figure. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, rosin and resin acids exports surged to $2.1M in 2022. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Rosin and Resin Acids from the UK in 2022:

1. Israel (257.9 tons)
2. Germany (12.7 tons)
3. Portugal (10.0 tons)
4. Saudi Arabia (3.4 tons)
5. Ireland (3.1 tons)
6. China (0.8 tons)

Source: IndexBox Market Intelligence Platform