Pakistan: Market for Rosin And Resin Acids And Derivatives 2024

Market Size for Rosin And Resin Acids And Derivatives in Pakistan

The Pakistani rosin and resin acids market reduced to $X in 2022, declining by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Exports of Rosin And Resin Acids And Derivatives

Exports from Pakistan

In 2022, shipments abroad of rosin and resin acids and derivatives increased by X% to X tons, rising for the fourth year in a row after four years of decline. Over the period under review, exports, however, faced a precipitous setback. The pace of growth was the most pronounced in 2019 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, rosin and resin acids exports soared to $X in 2022. Overall, exports, however, continue to indicate a significant curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for rosin and resin acids exports from Pakistan, accounting for a X% share of total exports. Moreover, rosin and resin acids exports to the United States exceeded the volume sent to the second major destination, Oman (X kg), fourfold.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Canada (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for rosin and resin acids and derivatives exports from Pakistan, comprising X% of total exports. The second position in the ranking was taken by Oman ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Canada (X% per year).

Export Prices by Country

The average rosin and resin acids export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price showed resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Canada ($X 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 Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Rosin And Resin Acids And Derivatives

Imports into Pakistan

After three years of growth, overseas purchases of rosin and resin acids and derivatives decreased by X% to X tons in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then shrank dramatically in the following year.

In value terms, rosin and resin acids imports expanded notably to $X in 2022. In general, total imports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X tons), Turkey (X tons) and Brazil (X tons) were the main suppliers of rosin and resin acids imports to Pakistan, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest rosin and resin acids suppliers to Pakistan were Indonesia ($X), Turkey ($X) and Brazil ($X), with a combined X% share of total imports.

In terms of the main suppliers, Brazil, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average rosin and resin acids import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price showed slight growth. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Turkey ($X per ton) and China ($X per ton), while the price for Brazil ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform