Price for Rosin and Resin Acids in Serbia - 2023

Contents:

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

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

The average rosin and resin acids import price stood at $2,691 per ton in 2022, picking up by 11% against the previous year. Overall, the import price, however, recorded a mild decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 24% against the previous year. Over the period under review, average import prices attained the maximum at $3,108 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Portugal ($2,938 per ton) and the United States ($2,644 per ton), while the price for Indonesia ($2,096 per ton) and China ($2,120 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+1.1%), while the prices for the other major suppliers experienced a decline.

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

The average rosin and resin acids export price stood at $2,794 per ton in 2022, jumping by 21% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 35%. The export price peaked at $2,826 per ton in 2012; afterwards, it flattened through to 2022.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Hungary ($3,176 per ton) and Romania ($2,836 per ton), while the average price for exports to Bosnia and Herzegovina ($2,665 per ton) and Croatia ($2,697 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (-0.2%), while the prices for the other major destinations experienced a decline.

Imports of Rosin and Resin Acids in Serbia

Rosin and resin acids imports into Serbia shrank significantly to 118 tons in 2022, falling by -47.8% on the previous year's figure. In general, imports showed a precipitous decline. The growth pace was the most rapid in 2021 when imports increased by 60% against the previous year.

In value terms, rosin and resin acids imports contracted markedly to $319K in 2022. Over the period under review, imports showed a abrupt slump. The growth pace was the most rapid in 2021 when imports increased by 99% against the previous year. As a result, imports reached the peak of $552K, and then declined notably in the following year.

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

1. Portugal (65.2 tons)
2. China (24.9 tons)
3. Indonesia (19.2 tons)
4. United States (4.2 tons)

Exports of Rosin and Resin Acids in Serbia

In 2022, overseas shipments of rosin and resin acidses were finally on the rise to reach 5.3 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a sharp curtailment.

In value terms, rosin and resin acids exports soared to $15K in 2022. Overall, exports, however, faced a deep contraction.

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

1. Croatia (2.9 tons)
2. Hungary (1.0 tons)
3. Bosnia and Herzegovina (1.0 tons)
4. Romania (0.5 tons)

Source: IndexBox Market Intelligence Platform