Price for Rosin; Salts of Rosin or of Resin Acids in Portugal - 2023

Contents:

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

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

In 2022, the average import price for rosin; salts of rosin or of resin acidses amounted to $9,586 per ton, picking up by 21% against the previous year. Overall, the import price saw a resilient increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 53%. The import price peaked in 2022 and is likely to see steady growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2013 to 2022, the rate of growth in terms of prices for Spain amounted to +25.1% per year.

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

In 2022, the average export price for rosin; salts of rosin or of resin acidses amounted to $2,842 per ton, increasing by 19% against the previous year. Over the period under review, the export price recorded a tangible expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 153% against the previous year. As a result, the export price reached the peak level of $5,737 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($4,318 per ton), while the average price for exports to the UK ($2,327 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 Ukraine (+17.4%), 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 Portugal

After two years of decline, purchases abroad of rosin; salts of rosin or of resin acidses increased by 29% to 9.8 tons in 2022. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of rosin; salts of rosin or of resin acidses surged to $94K in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Rosin; Salts of Rosin or of Resin Acids in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany63.274.151.393.914.1%
NetherlandsN/AN/A8.8N/A0%
OthersN/AN/AN/AN/A0%
Total63.274.160.193.914.1%

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

  1. Germany (9.8 tons)

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

In 2022, after three years of growth, there was significant decline in overseas shipments of rosin; salts of rosin or of resin acidses, when their volume decreased by -52.7% to 14 tons. In general, exports, however, posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 202% against the previous year. As a result, the exports reached the peak of 29 tons, and then fell notably in the following year.

In value terms, exports of rosin; salts of rosin or of resin acidses contracted sharply to $39K in 2022. Over the period under review, exports, however, showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 310%. As a result, the exports reached the peak of $69K, and then shrank sharply in the following year.

Export of Rosin; Salts of Rosin or of Resin Acids in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ukraine5.38.423.819.353.8%
RussiaN/A8.640.514.328.9%
AngolaN/AN/A3.13.10.0%
United KingdomN/AN/A2.12.39.5%
Others11.8N/AN/AN/A0%
Total17.117.069.539.031.6%

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

  1. Ukraine (7.2 tons)
  2. Russia (4.8 tons)
  3. United Kingdom (1.0 tons)
  4. Angola (0.7 tons)

Source: IndexBox Market Intelligence Platform

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