Price for Rosin and Resin Acids in Ethiopia - 2021

Contents:

1. Price for Rosin and Resin Acids in Ethiopia (CIF) - 2022
2. Price for Rosin and Resin Acids in Ethiopia (FOB) - 2022
3. Imports of Rosin and Resin Acids in Ethiopia
4. Exports of Rosin and Resin Acids in Ethiopia

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

In 2022, the average rosin and resin acids import price amounted to $1,698 per ton, falling by -15.2% against the previous year. In general, the import price saw a abrupt slump. The pace of growth appeared the most rapid in 2014 when the average import price increased by 20%. Over the period under review, average import prices hit record highs at $5,543 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 China ($2,806 per ton), while the price for India totaled $1,273 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average rosin and resin acids export price amounted to $6,035 per ton, surging by 7.2% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rosin and resin acids export price increased by +108.8% against 2012 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 40%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($6,367 per ton), while the average price for exports to Canada totaled $1,667 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+5.0%).

Imports of Rosin and Resin Acids in Ethiopia

In 2022, purchases abroad of rosin and resin acidses was finally on the rise to reach 43 tons after two years of decline. In general, imports, however, recorded a deep setback.

In value terms, rosin and resin acids imports surged to $73K in 2022. Overall, imports, however, faced a abrupt slump.

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

1. India (32.1 tons)
2. China (10.2 tons)

Exports of Rosin and Resin Acids in Ethiopia

In 2022, exports of rosin and resin acidses from Ethiopia contracted modestly to 85 kg, declining by -4.5% compared with the year before. Over the period under review, exports recorded a pronounced decrease. The smallest decline of -1.1% was in 2021.

In value terms, rosin and resin acids exports amounted to $513 in 2022. The total export value increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 2.5% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Rosin and Resin Acids from Ethiopia in 2022:

1. Saudi Arabia (79.0 kg)
2. Canada (6.0 kg)

Source: IndexBox Market Intelligence Platform