Price for Rosin and Resin Acids in Panama - 2023

Contents:

1. Price for Rosin and Resin Acids in Panama (CIF) - 2022
2. Price for Rosin and Resin Acids in Panama (FOB) - 2022
3. Imports of Rosin and Resin Acids in Panama
4. Exports of Rosin and Resin Acids in Panama

Price for Rosin and Resin Acids in Panama (CIF) - 2022

The average rosin and resin acids import price stood at $2,121 per ton in 2022, increasing by 7.4% against the previous year. Overall, the import price enjoyed a strong increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 25% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($2,328 per ton), while the price for Brazil totaled $1,745 per ton.

From 2016 to 2022, the most notable rate of growth in terms of prices was attained by India (+18.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Rosin and Resin Acids in Panama (FOB) - 2022

In 2022, the average rosin and resin acids export price amounted to $1,388 per ton, falling by -16.5% against the previous year. Over the period under review, the export price showed a pronounced shrinkage. The growth pace was the most rapid in 2017 an increase of 244%. The export price peaked at $9,333 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($18,146 per ton), while the average price for exports to Costa Rica ($202 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 Colombia (+8.7%), while the prices for the other major destinations experienced a decline.

Imports of Rosin and Resin Acids in Panama

In 2022, overseas purchases of rosin and resin acidses decreased by -41.6% to 178 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, enjoyed a significant expansion.

In value terms, rosin and resin acids imports shrank rapidly to $377K in 2022. Over the period under review, imports, however, enjoyed a significant expansion.

Top Suppliers of Rosin and Resin Acids to Panama in 2022:

1. United States (114.5 tons)
2. Brazil (63.0 tons)

Exports of Rosin and Resin Acids in Panama

For the fourth year in a row, Panama recorded growth in shipments abroad of rosin and resin acidses, which increased by 5.4% to 17 tons in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 908% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, rosin and resin acids exports fell to $24K in 2022. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 334%. As a result, the exports reached the peak of $27K, and then fell in the following year.

Top Export Markets for Rosin and Resin Acids from Panama in 2022:

1. Suriname (16.7 tons)
2. Colombia (0.5 tons)

Source: IndexBox Market Intelligence Platform