Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Tanzania - 2022

Contents:

1. Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Tanzania (CIF) - 2022
2. Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Tanzania (FOB) - 2022
3. Imports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Tanzania
4. Exports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Tanzania

Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Tanzania (CIF) - 2022

In 2022, the average import price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses amounted to $924 per ton, increasing by 17% against the previous year. In general, the import price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 an increase of 24%. As a result, import price reached the peak level of $2,731 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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 South Korea ($2,067 per ton), while the price for the UK ($785 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.1%), while the prices for the other major suppliers experienced a decline.

Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Tanzania (FOB) - 2022

In 2022, the average export price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses amounted to $1,120 per ton, dropping by -2.4% against the previous year. In general, the export price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2016 an increase of 58%. The export price peaked at $2,966 per ton in 2017; however, from 2018 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 Malawi ($1,848 per ton), while the average price for exports to Rwanda ($971 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 Malawi (+0.1%), while the prices for the other major destinations experienced a decline.

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

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 -36.7% to 349 tons. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 106% against the previous year. As a result, imports attained the peak of 550 tons, and then reduced rapidly in the following year.

In value terms, imports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses contracted remarkably to $322K in 2022. Over the period under review, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 88%. As a result, imports attained the peak of $434K, and then declined dramatically in the following year.

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

1. China (135.8 tons)
2. India (102.1 tons)
3. United Kingdom (56.2 tons)
4. Kenya (46.0 tons)
5. South Korea (8.6 tons)

Exports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Tanzania

In 2022, approx. 36 tons of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses were exported from Tanzania; increasing by 16% on the previous year's figure. Over the period under review, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 96%. As a result, the exports attained the peak of 135 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses expanded significantly to $40K in 2022. In general, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 99% against the previous year. As a result, the exports reached the peak of $141K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms from Tanzania in 2022:

1. Rwanda (26.2 tons)
2. Zambia (7.9 tons)
3. Malawi (1.4 tons)

Source: IndexBox Market Intelligence Platform