Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in China - 2023
Contents:
- Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in China (FOB) - 2023
- Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in China (CIF) - 2023
- Exports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in China
- Imports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in China
Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in China (FOB) - 2023
The average export price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses stood at $1,474 per ton in December 2023, picking up by 5.3% against the previous month. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 an increase of 7.3% month-to-month. As a result, the export price attained the peak level of $1,478 per ton; afterwards, it flattened through to December 2023.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was the United States ($1,925 per ton), while the average price for exports to Thailand ($1,274 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in China (CIF) - 2023
The average import price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses stood at $2,181 per ton in December 2023, growing by 1.7% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 24% against the previous month. As a result, import price reached the peak level of $2,856 per ton. From February 2023 to December 2023, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the highest price was recorded for prices from the United States ($2,434 per ton) and South Korea ($2,338 per ton), while the price for Singapore ($1,663 per ton) and Taiwan (Chinese) ($1,776 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in China
In 2022, approx. 336K tons of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses were exported from China; rising by 16% compared with 2021. The total export volume increased at an average annual rate of +11.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, exports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses soared to $498M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 29%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.
| Export of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 34.0 | 32.6 | 51.4 | 64.4 | 23.7% |
| United States | 19.5 | 18.1 | 21.6 | 32.7 | 18.8% |
| Indonesia | 19.0 | 17.6 | 25.3 | 28.0 | 13.8% |
| Thailand | 23.4 | 25.8 | 25.7 | 26.3 | 4.0% |
| Netherlands | 13.1 | 13.2 | 17.1 | 26.1 | 25.8% |
| South Korea | 22.6 | 15.7 | 20.0 | 24.4 | 2.6% |
| Turkey | 4.7 | 11.2 | 13.3 | 23.4 | 70.8% |
| Italy | 18.2 | 13.2 | 23.0 | 21.5 | 5.7% |
| Mexico | 12.3 | 14.2 | 16.8 | 21.1 | 19.7% |
| Malaysia | 19.1 | 18.6 | 23.1 | 20.7 | 2.7% |
| Vietnam | 11.4 | 15.6 | 21.5 | 17.7 | 15.8% |
| Spain | 11.1 | 9.1 | 10.3 | 16.7 | 14.6% |
| Saudi Arabia | 9.3 | 6.2 | 10.9 | 14.3 | 15.4% |
| Others | 131 | 119 | 146 | 161 | 7.1% |
| Total | 349 | 330 | 426 | 498 | 12.6% |
Top Export Markets for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms from China in 2022:
- India (46.4K tons)
- United States (21.1K tons)
- Thailand (20.1K tons)
- Indonesia (19.4K tons)
- South Korea (18.4K tons)
- Netherlands (16.4K tons)
- Turkey (15.9K tons)
- Malaysia (15.5K tons)
- Italy (14.1K tons)
- Mexico (12.7K tons)
- Vietnam (11.3K tons)
- Spain (10.6K tons)
- Saudi Arabia (10.1K tons)
Imports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in China
In 2022, after three years of growth, there was significant decline in purchases abroad of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses, when their volume decreased by -22.3% to 52K tons. Overall, imports recorded a noticeable decrease. The growth pace was the most rapid in 2020 when imports increased by 14%.
In value terms, imports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses dropped to $128M in 2022. The total import value increased at an average annual rate of +2.0% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 18%. As a result, imports reached the peak of $145M, and then shrank in the following year.
| Import of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 9.8 | 11.6 | 22.3 | 27.6 | 41.2% |
| United States | 21.0 | 21.0 | 23.7 | 21.5 | 0.8% |
| Japan | 26.5 | 26.5 | 25.9 | 18.1 | -11.9% |
| South Korea | 14.3 | 15.5 | 16.0 | 15.2 | 2.1% |
| Germany | 8.8 | 8.9 | 14.8 | 13.0 | 13.9% |
| Singapore | 13.9 | 11.7 | 17.2 | 12.5 | -3.5% |
| France | 10.3 | 11.2 | 12.2 | 11.2 | 2.8% |
| Netherlands | 10.4 | 8.9 | 8.0 | 5.8 | -17.7% |
| Thailand | 5.9 | 7.2 | 4.4 | 3.1 | -19.3% |
| Others | 0.4 | 0.3 | 0.3 | 0.3 | -9.1% |
| Total | 121 | 123 | 145 | 128 | 1.9% |
Top Suppliers of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms to China in 2022:
- Taiwan (Chinese) (13.8K tons)
- United States (7.3K tons)
- Singapore (6.5K tons)
- South Korea (6.5K tons)
- Japan (6.1K tons)
- Germany (5.0K tons)
- France (3.3K tons)
- Netherlands (1.8K tons)
- Thailand (1.4K tons)
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