Price for Rosin and Resin Acids in Estonia - 2023

Price for Rosin and Resin Acids in Estonia (CIF) - 2022

The average rosin and resin acids import price stood at $2,315 per ton in 2022, reducing by -4% against the previous year. In general, the import price saw a pronounced descent. The pace of growth was the most pronounced in 2019 when the average import price increased by 101% against the previous year. As a result, import price reached the peak level of $5,558 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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 Lithuania ($3,730 per ton), while the price for Poland totaled $2,205 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+32.0%), while the prices for the other major suppliers experienced a decline.

Price for Rosin and Resin Acids in Estonia (FOB) - 2022

In 2022, the average rosin and resin acids export price amounted to $2,447 per ton, picking up by 145% against the previous year. Overall, the export price, however, saw a abrupt contraction. The export price peaked at $5,320 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Latvia.

From 2012 to 2022, the rate of growth in terms of prices for Latvia amounted to -5.4% per year.

Imports of Rosin and Resin Acids in Estonia

In 2022, approx. 1.6 tons of rosin and resin acidses were imported into Estonia; rising by 43% against the previous year's figure. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 1,163%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, rosin and resin acids imports skyrocketed to $3.6K in 2022. Overall, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 948% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Import of Rosin and Resin Acids in Estonia (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	1.0	22.0	1,988	3,186	1371.5%
Lithuania	158	144	568	414	37.9%
Others	130	84.0	63.0	6.0	-64.1%
Total	289	250	2,619	3,606	131.9%

Top Suppliers of Rosin and Resin Acids to Estonia in 2022:

Poland (1445.0 kg)
Lithuania (111.0 kg)

Exports of Rosin and Resin Acids in Estonia

In 2022, approx. 1.9 tons of rosin and resin acidses were exported from Estonia; jumping by 191,900% against the previous year's figure. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, rosin and resin acids exports soared to $4.7K in 2022. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.