Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Belgium - 2023
Contents:
- Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Belgium (FOB) - 2023
- Exports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Belgium
Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Belgium (FOB) - 2023
In November 2023, the average export price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses amounted to $2,685 per ton, surging by 2.4% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 6% month-to-month. Over the period under review, the average export prices reached the peak figure at $2,877 per ton in December 2022; however, from January 2023 to November 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was Italy ($2,914 per ton), while the average price for exports to Turkey ($1,697 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Belgium
After three years of growth, overseas shipments of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses decreased by -4.3% to 28K tons in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 232% against the previous year. As a result, the exports reached the peak of 29K tons, and then fell slightly in the following year.
In value terms, exports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses expanded sharply to $76M in 2022. Overall, exports, however, posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 330% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.5 | 3.3 | 11.9 | 14.6 | 113.5% |
| Netherlands | 0.4 | 0.5 | 13.7 | 11.8 | 209.0% |
| Poland | 3.6 | 4.5 | 9.5 | 10.0 | 40.6% |
| France | 0.5 | 1.9 | 4.9 | 6.1 | 130.2% |
| Italy | 0.5 | 0.9 | 5.9 | 4.3 | 104.9% |
| Romania | N/A | N/A | 2.6 | 4.1 | 57.7% |
| Portugal | N/A | 0.4 | 3.7 | 3.2 | 182.8% |
| Turkey | N/A | N/A | 1.9 | 3.0 | 57.9% |
| Spain | 0.2 | 0.7 | 1.2 | 2.5 | 132.1% |
| Hungary | N/A | N/A | 1.1 | 2.3 | 109.1% |
| Sweden | 0.3 | 0.5 | 1.7 | 1.7 | 78.3% |
| India | N/A | 0.1 | 0.8 | 1.5 | 287.3% |
| China | 0.1 | 1.1 | 1.0 | 0.9 | 108.0% |
| Others | 1.6 | 2.4 | 10.1 | 9.7 | 82.3% |
| Total | 8.7 | 16.2 | 69.7 | 75.7 | 105.7% |
Top Export Markets for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms from Belgium in 2022:
- Germany (5.7K tons)
- Netherlands (4.2K tons)
- Poland (3.6K tons)
- France (2.3K tons)
- Italy (1.8K tons)
- Romania (1.6K tons)
- Portugal (1.3K tons)
- Turkey (1.2K tons)
- Hungary (1.0K tons)
- Spain (0.8K tons)
- Sweden (0.7K tons)
- India (0.4K tons)
- China (0.3K tons)
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