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

Contents:

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

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

The average export price for rosin; salts of rosin or of resin acidses stood at $131,772 per ton in 2022, rising by 66% against the previous year. In general, the export price posted a significant expansion. The most prominent rate of growth was recorded in 2015 an increase of 84%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($139,210 per ton), while the average price for exports to the United States totaled $62,600 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+54.5%), 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 Australia (CIF) - 2022

In 2022, the average import price for rosin; salts of rosin or of resin acidses amounted to $3,163 per ton, waning by -3.8% against the previous year. Over the period under review, the import price saw a pronounced shrinkage. The growth pace was the most rapid in 2019 an increase of 53% against the previous year. The import price peaked at $5,506 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($16,769 per ton), while the price for India ($420 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the amount of rosin; salts of rosin or of resin acidses exported from Australia totaled 206 kg, with an increase of 2% compared with the previous year's figure. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 304%. As a result, the exports attained the peak of 222 kg. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of rosin; salts of rosin or of resin acidses skyrocketed to $27K in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 506% against the previous year. 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 Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany0.20.31.225.9405.9%
United States0.10.30.21.3135.1%
Japan0.10.50.5N/A123.6%
Thailand2.113.611.1N/A129.9%
Others0.32.23.0N/A216.2%
Total2.816.816.027.1113.1%

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

  1. Germany (186.0 kg)
  2. United States (20.0 kg)

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

In 2022, imports of rosin; salts of rosin or of resin acidses into Australia soared to 2.7 tons, picking up by 233% compared with 2021 figures. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 961% against the previous year. As a result, imports attained the peak of 5.9 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of rosin; salts of rosin or of resin acidses soared to $8.6K in 2022. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 579% against the previous year. As a result, imports attained the peak of $20K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Rosin; Salts of Rosin or of Resin Acids in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom1.210.71.44.858.7%
New Zealand1.37.20.93.032.1%
United States0.31.30.10.410.1%
India0.10.50.10.344.2%
Others0.10.60.30.226.0%
Total3.020.32.78.642.1%

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

  1. United Kingdom (1316.0 kg)
  2. India (729.0 kg)
  3. New Zealand (584.0 kg)
  4. United States (92.0 kg)

Source: IndexBox Market Intelligence Platform

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