Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Venezuela - 2022
Contents:
- Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Venezuela (CIF) - 2022
- Imports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Venezuela
Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Venezuela (CIF) - 2022
In 2022, the average import price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses amounted to $1,573 per ton, rising by 18% against the previous year. Overall, the import price, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in 2016 an increase of 24% against the previous year. The import price peaked at $3,516 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 South Korea ($4,921 per ton), while the price for China ($496 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Venezuela
In 2022, imports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses into Venezuela skyrocketed to 335 tons, growing by 97% compared with the previous year's figure. Overall, imports enjoyed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 175% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses soared to $527K in 2022. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 167% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 49.0 | 39.7 | 102 | 218 | 64.5% |
| Japan | 26.4 | 22.2 | 59.6 | 132 | 71.0% |
| China | 1.9 | 2.1 | 13.9 | 69.0 | 231.2% |
| Taiwan (Chinese) | 15.9 | 10.3 | 21.3 | 36.1 | 31.4% |
| Brazil | 2.6 | 1.0 | 8.0 | 33.7 | 134.9% |
| United States | 6.3 | 1.2 | 3.9 | 7.7 | 6.9% |
| Netherlands | 3.3 | 2.1 | 4.3 | 7.2 | 29.7% |
| Others | 9.2 | 6.2 | 13.3 | 23.7 | 37.1% |
| Total | 115 | 84.9 | 227 | 527 | 66.1% |
Top Suppliers of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms to Venezuela in 2022:
- China (139.1 tons)
- Taiwan (Chinese) (48.1 tons)
- South Korea (44.3 tons)
- Brazil (43.0 tons)
- Japan (37.8 tons)
- United States (10.0 tons)
- Netherlands (6.4 tons)
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