Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Canada - 2024
Contents:
- Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Canada (CIF) - 2022
- Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Canada (FOB) - 2024
- Imports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Canada
- Exports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Canada
Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Canada (CIF) - 2022
The average import price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses stood at $2,823 per ton in 2022, with an increase of 22% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $2,912 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($3,786 per ton), while the price for Taiwan (Chinese) ($1,354 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Canada (FOB) - 2024
In January 2024, the average export price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses amounted to $2,403 per ton, with a decrease of -58.5% against the previous month. Overall, the export price, however, continues to indicate a prominent expansion. The growth pace was the most rapid in October 2023 an increase of 301% m-o-m. As a result, the export price reached the peak level of $5,908 per ton. From November 2023 to January 2024, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From January 2023 to January 2024, the rate of growth in terms of prices for the United States amounted to +5.7% per month.
Imports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Canada
In 2022, after three years of growth, there was significant decline in overseas purchases of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses, when their volume decreased by -10% to 17K tons. The total import volume increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year. As a result, imports attained the peak of 19K tons, and then reduced in the following year.
In value terms, imports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses rose significantly to $48M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 22.4 | 23.0 | 29.6 | 30.4 | 10.7% |
| China | 5.1 | 3.6 | 6.5 | 10.1 | 25.6% |
| Thailand | 1.5 | 3.0 | 2.1 | 2.2 | 13.6% |
| Japan | 0.5 | 1.9 | 2.2 | 1.6 | 47.4% |
| South Korea | 0.9 | 0.5 | 0.7 | 1.5 | 18.6% |
| Taiwan (Chinese) | 1.7 | 1.3 | 1.5 | 1.1 | -13.5% |
| United Kingdom | 0.5 | 0.6 | 0.5 | 0.5 | 0.0% |
| Others | 0.3 | 0.2 | 0.3 | 0.4 | 10.1% |
| Total | 32.9 | 34.0 | 43.4 | 47.7 | 13.2% |
Top Suppliers of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms to Canada in 2022:
- United States (10.2K tons)
- China (3.8K tons)
- Taiwan (Chinese) (0.8K tons)
- Thailand (0.8K tons)
- South Korea (0.5K tons)
- Japan (0.4K tons)
- United Kingdom (0.2K tons)
Exports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Canada
For the fourth year in a row, Canada recorded growth in shipments abroad of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses, which increased by 0.6% to 909 tons in 2022. The total export volume increased at an average annual rate of +7.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 16% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses skyrocketed to $1.6M in 2022. The total export value increased at an average annual rate of +10.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.9 | 1.2 | 1.2 | 1.6 | 21.1% |
| Others | 0.3 | 0.1 | 0.1 | N/A | -42.3% |
| Total | 1.2 | 1.3 | 1.3 | 1.6 | 10.1% |
Top Export Markets for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms from Canada in 2022:
- United States (904.3 tons)
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