Price for Rosin; Salts of Rosin or of Resin Acids in the United Arab Emirates - 2022

Contents:

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

Price for Rosin; Salts of Rosin or of Resin Acids in the United Arab Emirates (CIF) - 2022

The average import price for rosin; salts of rosin or of resin acidses stood at $39,346 per ton in 2022, with an increase of 1,979% against the previous year. Overall, the import price posted buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Australia ($73,313 per ton), while the price for Japan stood at $38,546 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+78.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Rosin; Salts of Rosin or of Resin Acids in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for rosin; salts of rosin or of resin acidses amounted to $1,373 per ton, with a decrease of -27.9% against the previous year. Over the period under review, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2020 an increase of 71%. As a result, the export price reached the peak level of $4,114 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Seychelles amounted to -6.0% per year.

Imports of Rosin; Salts of Rosin or of Resin Acids in the United Arab Emirates

Imports of rosin; salts of rosin or of resin acidses into the United Arab Emirates fell rapidly to 3.6 tons in 2022, with a decrease of -98.2% on the previous year's figure. Overall, imports continue to indicate a significant curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 645%. As a result, imports reached the peak of 205 tons, and then fell notably in the following year.

In value terms, imports of rosin; salts of rosin or of resin acidses contracted dramatically to $142K in 2022. Over the period under review, imports recorded a sharp curtailment. The growth pace was the most rapid in 2021 when imports increased by 208% against the previous year. As a result, imports attained the peak of $389K, and then contracted significantly in the following year.

Import of Rosin; Salts of Rosin or of Resin Acids in the United Arab Emirates (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan74.820.843.613622.1%
AustraliaN/AN/AN/A6.10%
China6.61.24.0N/A-22.2%
India15137.5256N/A30.2%
Netherlands12752.576.9N/A-22.2%
Others14.714.28.9N/A-22.2%
Total374126389142-27.6%

Top Suppliers of Rosin; Salts of Rosin or of Resin Acids to the United Arab Emirates in 2022:

  1. Japan (3.5 tons)
  2. Australia (0.1 tons)

Exports of Rosin; Salts of Rosin or of Resin Acids in the United Arab Emirates

In 2022, approx. 102 tons of rosin; salts of rosin or of resin acidses were exported from the United Arab Emirates; waning by -57.1% compared with 2021. Over the period under review, exports faced a sharp slump. The pace of growth was the most pronounced in 2021 with an increase of 168% against the previous year.

In value terms, exports of rosin; salts of rosin or of resin acidses shrank notably to $140K in 2022. In general, exports continue to indicate a precipitous curtailment. The growth pace was the most rapid in 2021 with an increase of 24%.

Export of Rosin; Salts of Rosin or of Resin Acids in the United Arab Emirates (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Iran16954.865.3140-6.1%
FijiN/AN/A13.6N/A0%
India418279346N/A-9.0%
Seychelles18028.34.9N/A-83.5%
Saudi ArabiaN/AN/A5.2N/A0%
Others1.32.017.3N/A264.8%
Total768364453140-43.3%

Top Export Markets for Rosin; Salts of Rosin or of Resin Acids from the United Arab Emirates in 2022:

  1. Iran (101.9 tons)

Source: IndexBox Market Intelligence Platform

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