Price for Rosin and Resin Acids in Sudan - 2022

Contents:

  1. Price for Rosin and Resin Acids in Sudan (CIF) - 2022
  2. Imports of Rosin and Resin Acids in Sudan

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

The average rosin and resin acids import price stood at $4,647 per ton in 2022, growing by 76% against the previous year. Overall, the import price posted a prominent expansion. The growth pace was the most rapid in 2021 when the average import price increased by 320% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bulgaria ($4,785 per ton), while the price for China ($936 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+23.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Rosin and Resin Acids in Sudan

In 2022, supplies from abroad of rosin and resin acidses decreased by -42.9% to 10 tons, falling for the second year in a row after two years of growth. Overall, imports showed a precipitous decline. The most prominent rate of growth was recorded in 2020 with an increase of 52% against the previous year. As a result, imports attained the peak of 77 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, rosin and resin acids imports amounted to $49K in 2022. The total import value increased at an average annual rate of +12.9% 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 2020 when imports increased by 42%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Import of Rosin and Resin Acids in Sudan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Bulgaria32.223.947.747.814.1%
China0.20.10.30.314.5%
Others1.324.00.40.4-32.5%
Total33.748.048.348.512.9%

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

  1. Bulgaria (10.0 tons)
  2. China (0.3 tons)

Source: IndexBox Market Intelligence Platform

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