Price for Rosin and Resin Acids in Australia - 2023
Contents:
- Price for Rosin and Resin Acids in Australia (CIF) - 2022
- Price for Rosin and Resin Acids in Australia (FOB) - 2022
- Imports of Rosin and Resin Acids in Australia
- Exports of Rosin and Resin Acids in Australia
Price for Rosin and Resin Acids in Australia (CIF) - 2022
In 2022, the average rosin and resin acids import price amounted to $2,066 per ton, surging by 7% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 38%. Over the period under review, average import prices attained the peak figure at $2,448 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($3,516 per ton), while the price for Indonesia ($1,812 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rosin and Resin Acids in Australia (FOB) - 2022
In 2022, the average rosin and resin acids export price amounted to $5,592 per ton, with a decrease of -69.8% against the previous year. Over the period under review, the export price continues to indicate a pronounced contraction. The growth pace was the most rapid in 2015 an increase of 133% against the previous year. The export price peaked at $18,511 per ton in 2021, and then fell remarkably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($23,885 per ton), while the average price for exports to Fiji ($1,602 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 Japan (+64.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Rosin and Resin Acids in Australia
After three years of growth, purchases abroad of rosin and resin acidses decreased by -8.9% to 1.7K tons in 2022. The total import volume increased at an average annual rate of +1.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. As a result, imports attained the peak of 1.9K tons, and then declined in the following year.
In value terms, rosin and resin acids imports shrank modestly to $3.6M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 56% against the previous year. As a result, imports reached the peak of $3.7M, and then reduced slightly in the following year.
| Import of Rosin and Resin Acids in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 824 | 822 | 798 | 981 | 6.0% |
| Brazil | 329 | 409 | 608 | 830 | 36.1% |
| New Zealand | 151 | 68.1 | 253 | 637 | 61.6% |
| Vietnam | 120 | 90.9 | 287 | 458 | 56.3% |
| China | 361 | 209 | 123 | 319 | -4.0% |
| United States | 292 | 378 | 1,308 | 199 | -12.0% |
| Portugal | 103 | 113 | 195 | 113 | 3.1% |
| Italy | 353 | 189 | 63.1 | 21.0 | -61.0% |
| Others | 170 | 102 | 72.7 | 55.1 | -31.3% |
| Total | 2,703 | 2,381 | 3,708 | 3,613 | 10.2% |
Top Suppliers of Rosin and Resin Acids to Australia in 2022:
- Indonesia (541.6 tons)
- Brazil (353.7 tons)
- New Zealand (337.9 tons)
- Vietnam (251.8 tons)
- China (110.9 tons)
- United States (97.7 tons)
- Portugal (32.0 tons)
- Italy (4.2 tons)
Exports of Rosin and Resin Acids in Australia
In 2022, approx. 30 tons of rosin and resin acidses were exported from Australia; jumping by 226% against 2021 figures. Overall, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, rosin and resin acids exports shrank to $166K in 2022. In general, exports showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 81%.
| Export of Rosin and Resin Acids in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 19.1 | 22.1 | 14.7 | 53.8 | 41.2% |
| Fiji | N/A | N/A | N/A | 41.6 | 0% |
| Hong Kong SAR | 3.4 | 7.1 | N/A | 26.1 | 97.3% |
| United States | 6.9 | 66.2 | 110 | 16.4 | 33.5% |
| South Korea | 8.3 | N/A | 10.0 | 9.9 | 6.1% |
| New Zealand | 21.8 | 20.3 | 16.0 | N/A | -14.3% |
| Others | 7.6 | 5.8 | 16.8 | 17.9 | 33.0% |
| Total | 67.2 | 121 | 168 | 166 | 35.2% |
Top Export Markets for Rosin and Resin Acids from Australia in 2022:
- Fiji (25.9 tons)
- Japan (2.3 tons)
- United States (0.8 tons)
- South Korea (0.5 tons)
- Hong Kong SAR (0.1 tons)
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This report provides an in-depth analysis of the market for rosin and resin acids in Australia.
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This report provides an in-depth analysis of the global market for rosin and resin acids.
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This report provides an in-depth analysis of the market for rosin and resin acids in Australia.
764
This report provides an in-depth analysis of the global market for rosin and resin acids.
684
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In value terms, rosin and resin acids and derivatives thereof exports totaled $X in 2016. Overall, it indicated a slight growth from 2007 to 2016: the total exports value decreased at an average an...
684
In value terms, rosin and resin acids and derivatives thereof imports amounted to $X in 2016. In general, rosin and resin acids and derivatives thereof imports continue to indicate a relatively fla...
692
In value terms, rosin and resin acids and derivatives thereof exports totaled $X in 2016. Overall, it indicated a slight growth from 2007 to 2016: the total exports value decreased at an average an...
