Price for Rosin and Resin Acids in Tanzania - 2021

Contents:

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

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

In 2022, the average rosin and resin acids import price amounted to $1,076 per ton, which is down by -44.4% against the previous year. Over the period under review, the import price recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 when the average import price increased by 81%. The import price peaked at $2,202 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +13.0% per year.

Imports of Rosin and Resin Acids in Tanzania

In 2022, purchases abroad of rosin and resin acidses increased by 108% to 7 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a sharp decline.

In value terms, rosin and resin acids imports skyrocketed to $7.6K in 2022. Over the period under review, imports, however, continue to indicate a sharp curtailment.

Import of Rosin and Resin Acids in Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Africa0.20.4N/A7.6236.2%
Kenya16.810.64.4N/A-48.8%
China0.90.30.1N/A-66.7%
India4.73.41.6N/A-41.7%
Others0.50.10.4N/A-10.6%
Total23.014.86.57.6-30.9%

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

  1. South Africa (7.0 tons)

Source: IndexBox Market Intelligence Platform

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