Price for Rosin; Salts of Rosin or of Resin Acids in Argentina - 2023

Contents:

  1. Price for Rosin; Salts of Rosin or of Resin Acids in Argentina (FOB) - 2022
  2. Price for Rosin; Salts of Rosin or of Resin Acids in Argentina (CIF) - 2022
  3. Exports of Rosin; Salts of Rosin or of Resin Acids in Argentina
  4. Imports of Rosin; Salts of Rosin or of Resin Acids in Argentina

Price for Rosin; Salts of Rosin or of Resin Acids in Argentina (FOB) - 2022

In 2022, the average export price for rosin; salts of rosin or of resin acidses amounted to $8,737 per ton, jumping by 53% against the previous year. In general, the export price continues to indicate a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($27,839 per ton), while the average price for exports to Canada ($1,931 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 Canada (+31.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Rosin; Salts of Rosin or of Resin Acids in Argentina (CIF) - 2022

In 2022, the average import price for rosin; salts of rosin or of resin acidses amounted to $13,228 per ton, increasing by 50% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for rosin; salts of rosin or of resin acidses increased by +81.0% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +2.1% per year.

Exports of Rosin; Salts of Rosin or of Resin Acids in Argentina

In 2022, after three years of growth, there was significant decline in shipments abroad of rosin; salts of rosin or of resin acidses, when their volume decreased by -10.5% to 151 tons. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 130%. As a result, the exports reached the peak of 169 tons, and then contracted in the following year.

In value terms, exports of rosin; salts of rosin or of resin acidses skyrocketed to $1.3M in 2022. Over the period under review, exports, however, posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 156%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Export of Rosin; Salts of Rosin or of Resin Acids in Argentina (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ireland70.616125844184.2%
United States58.797.927721554.1%
United Kingdom73.310478.216330.5%
ChileN/AN/AN/A32.90%
Paraguay2.44.45.76.337.9%
CanadaN/AN/A1.34.3230.8%
Others4.49.3346459370.7%
Total2093779661,32284.9%

Top Export Markets for Rosin; Salts of Rosin or of Resin Acids from Argentina in 2022:

  1. United Kingdom (32.6 tons)
  2. United States (25.4 tons)
  3. Ireland (15.8 tons)
  4. Chile (9.8 tons)
  5. Canada (2.2 tons)
  6. Paraguay (1.6 tons)

Imports of Rosin; Salts of Rosin or of Resin Acids in Argentina

In 2022, the amount of rosin; salts of rosin or of resin acidses imported into Argentina reached 49 tons, with an increase of 14% on the previous year. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +5.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 48%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of rosin; salts of rosin or of resin acidses skyrocketed to $650K in 2022. In general, imports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 79% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Rosin; Salts of Rosin or of Resin Acids in Argentina (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil41120335565016.5%
United States6.18.58.3N/A16.6%
OthersN/AN/A15.9N/A0%
Total41821237965015.9%

Top Suppliers of Rosin; Salts of Rosin or of Resin Acids to Argentina in 2022:

  1. Brazil (49.2 tons)

Source: IndexBox Market Intelligence Platform

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