United Kingdom: Market for Rosin And Resin Acids And Derivatives 2024

Market Size for Rosin And Resin Acids And Derivatives in the UK

In 2022, the UK rosin and resin acids market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption continues to indicate a noticeable reduction. Rosin and resin acids consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Rosin And Resin Acids And Derivatives in the UK

In value terms, rosin and resin acids production rose modestly to $X in 2022 estimated in export price. In general, production posted a significant increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Rosin and resin acids production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Rosin And Resin Acids And Derivatives

Exports from the UK

In 2022, overseas shipments of rosin and resin acids and derivatives increased by X% to X tons for the first time since 2016, thus ending a five-year declining trend. Overall, exports, however, faced a significant curtailment. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, rosin and resin acids exports soared to $X in 2022. Over the period under review, exports, however, showed a abrupt setback. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Israel (X tons), Australia (X tons) and Belgium (X tons) were the main destinations of rosin and resin acids exports from the UK, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

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

Export Prices by Country

In 2022, the average rosin and resin acids export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price recorded a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Germany ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rosin And Resin Acids And Derivatives

Imports into the UK

In 2022, imports of rosin and resin acids and derivatives into the UK declined remarkably to X tons, with a decrease of X% compared with the previous year. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, rosin and resin acids imports stood at $X in 2022. Over the period under review, imports saw a abrupt descent. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X tons), the Netherlands (X tons) and Portugal (X tons) were the main suppliers of rosin and resin acids imports to the UK, with a combined X% share of total imports. Finland, the United States, Brazil, Germany, France, Belgium, China, Italy and Spain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest rosin and resin acids suppliers to the UK were Portugal ($X), Sweden ($X) and the Netherlands ($X), with a combined X% share of total imports. Finland, the United States, China, Brazil, France, Belgium, Germany, Italy and Spain lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the United States, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average rosin and resin acids import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Finland ($X per ton) was 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