Price for Rosin; Salts of Rosin or of Resin Acids in Malaysia - 2024

Contents:

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

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

The average import price for rosin; salts of rosin or of resin acidses stood at $3,024 per ton in 2022, surging by 14% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 20% against the previous year. The import price peaked at $3,249 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($4,667 per ton), while the price for Thailand ($1,866 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for rosin; salts of rosin or of resin acidses stood at $11,921 per ton in 2022, declining by -4% against the previous year. Over the period under review, the export price, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 261%. The export price peaked at $12,413 per ton in 2021, and then declined modestly in the following year.

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 Singapore ($25,839 per ton), while the average price for exports to Brunei Darussalam stood at $11,669 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brunei Darussalam (+52.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the amount of rosin; salts of rosin or of resin acidses imported into Malaysia dropped dramatically to 291 tons, with a decrease of -42.3% compared with 2021. In general, imports recorded a noticeable shrinkage. The growth pace was the most rapid in 2021 when imports increased by 71% against the previous year. As a result, imports reached the peak of 504 tons, and then fell sharply in the following year.

In value terms, imports of rosin; salts of rosin or of resin acidses fell remarkably to $879K in 2022. Over the period under review, imports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 80%. As a result, imports attained the peak of $1.3M, and then plummeted in the following year.

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

1. Thailand (132.0 tons)
2. Germany (57.6 tons)
3. United States (51.4 tons)
4. China (48.0 tons)

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

In 2022, shipments abroad of rosin; salts of rosin or of resin acidses decreased by -1.3% to 996 kg, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 956% against the previous year. As a result, the exports reached the peak of 6.3 tons. 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 dropped to $12K in 2022. Over the period under review, exports, however, posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 501% against the previous year. As a result, the exports reached the peak of $39K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. Brunei Darussalam (943.0 kg)
2. Singapore (31.0 kg)

Source: IndexBox Market Intelligence Platform