Price for Rosin; Salts of Rosin or of Resin Acids in South Korea - 2022

Contents:

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

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

The average import price for rosin; salts of rosin or of resin acidses stood at $7,695 per ton in 2022, falling by -6.9% against the previous year. Over the period under review, the import price, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 80% against the previous year. Over the period under review, average import prices reached the maximum at $8,265 per ton in 2021, and then fell in the following year.

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 the United States ($91,067 per ton), while the price for China ($3,410 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 (+36.3%), 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 South Korea (FOB) - 2022

In 2022, the average export price for rosin; salts of rosin or of resin acidses amounted to $2,295 per ton, shrinking by -73.2% against the previous year. In general, the export price showed a deep reduction. The pace of growth appeared the most rapid in 2015 when the average export price increased by 120%. The export price peaked at $8,568 per ton in 2021, and then dropped rapidly in the following year.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +29.7% per year.

Imports of Rosin; Salts of Rosin or of Resin Acids in South Korea

For the third year in a row, South Korea recorded decline in purchases abroad of rosin; salts of rosin or of resin acidses, which decreased by -26.9% to 35 tons in 2022. Over the period under review, imports saw a precipitous shrinkage. The smallest decline of -8.3% was in 2021.

In value terms, imports of rosin; salts of rosin or of resin acidses dropped dramatically to $268K in 2022. In general, imports recorded a precipitous contraction. The smallest decline of -1.8% was in 2021.

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

1. Germany (32.0 tons)
2. China (2.8 tons)

Exports of Rosin; Salts of Rosin or of Resin Acids in South Korea

Exports of rosin; salts of rosin or of resin acidses from South Korea surged to 30 tons in 2022, increasing by 46% compared with the previous year. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +13.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of rosin; salts of rosin or of resin acidses dropped remarkably to $69K in 2022. In general, exports, however, saw a dramatic setback. The pace of growth appeared the most rapid in 2021 when exports increased by 23% against the previous year. As a result, the exports attained the peak of $177K, and then contracted dramatically in the following year.

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

1. United States (30.2 tons)

Source: IndexBox Market Intelligence Platform