Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Pakistan - 2023

Contents:

1. Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Pakistan (CIF) - 2023
2. Imports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Pakistan

Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Pakistan (CIF) - 2023

In July 2023, the average import price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses amounted to $1,254 per ton, standing approximately at the previous month. In general, the import price, however, showed a mild decline. The most prominent rate of growth was recorded in March 2023 an increase of 19% month-to-month. The import price peaked at $1,605 per ton in October 2022; however, from November 2022 to July 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Taiwan (Chinese) ($1,359 per ton), while the price for Japan ($1,175 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (-1.3%), while the prices for the other major suppliers experienced a decline.

Imports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Pakistan

In 2022, purchases abroad of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses decreased by -4.3% to 2.5K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.8% 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 +76.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 39%.

In value terms, imports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses amounted to $3.5M in 2022. The total import value increased at an average annual rate of +11.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 28%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms to Pakistan in 2022:

1. China (2257.7 tons)
2. Japan (130.1 tons)
3. United States (62.8 tons)

Source: IndexBox Market Intelligence Platform