Price for Rosin and Resin Acids in South Africa - 2023

Contents:

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

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

In 2022, the average rosin and resin acids import price amounted to $2,313 per ton, surging by 4.5% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 54%. The import price peaked at $2,640 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($3,148 per ton), while the price for Brazil ($1,928 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average rosin and resin acids export price stood at $2,927 per ton in 2022, jumping by 30% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 122%. Over the period under review, the average export prices hit record highs at $3,064 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($7,210 per ton), while the average price for exports to Chile ($837 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 Australia (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rosin and Resin Acids in South Africa

Rosin and resin acids imports into South Africa expanded notably to 1.9K tons in 2022, increasing by 7.6% on the previous year. The total import volume increased at an average annual rate of +6.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, rosin and resin acids imports rose significantly to $4.5M in 2022. In general, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 88%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Rosin and Resin Acids to South Africa in 2022:

1. Brazil (1245.4 tons)
2. United States (366.3 tons)
3. China (201.9 tons)
4. Portugal (44.0 tons)
5. Indonesia (43.2 tons)

Exports of Rosin and Resin Acids in South Africa

In 2022, approx. 258 tons of rosin and resin acidses were exported from South Africa; increasing by 87% on 2021 figures. Overall, exports, however, showed a dramatic setback. The growth pace was the most rapid in 2021 when exports increased by 140% against the previous year.

In value terms, rosin and resin acids exports surged to $756K in 2022. In general, exports, however, showed a abrupt contraction.

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

1. Zambia (94.7 tons)
2. Democratic Republic of the Congo (61.9 tons)
3. Australia (29.7 tons)
4. Chile (22.9 tons)
5. Namibia (16.1 tons)
6. Tanzania (15.7 tons)
7. Zimbabwe (6.5 tons)

Source: IndexBox Market Intelligence Platform