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Hong Kong SAR, China - Rosin And Resin Acids And Derivatives - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Rosin and Resin Acids in Hong Kong SAR - 2023
Contents:
- Price for Rosin and Resin Acids in Hong Kong SAR (FOB) - 2023
- Price for Rosin and Resin Acids in Hong Kong SAR (CIF) - 2023
- Exports of Rosin and Resin Acids in Hong Kong SAR
- Imports of Rosin and Resin Acids in Hong Kong SAR
Price for Rosin and Resin Acids in Hong Kong SAR (FOB) - 2023
In June 2023, the average rosin and resin acids export price amounted to $17,992 per ton, increasing by 155% against the previous month. Over the period under review, the export price continues to indicate a buoyant increase. Over the period under review, the average export prices attained the peak figure at $46,257 per ton in February 2023; however, from March 2023 to June 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for China.
From June 2022 to June 2023, the rate of growth in terms of prices for China amounted to +6.2% per month.
Price for Rosin and Resin Acids in Hong Kong SAR (CIF) - 2023
In June 2023, the average rosin and resin acids import price amounted to $29,075 per ton, falling by -19.3% against the previous month. Overall, the import price, however, continues to indicate a perceptible expansion. The pace of growth was the most pronounced in September 2022 an increase of 336% against the previous month. As a result, import price reached the peak level of $65,021 per ton. From October 2022 to June 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Taiwan (Chinese) ($31,655 per ton), while the price for Japan totaled $26,562 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Japan (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Rosin and Resin Acids in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in overseas shipments of rosin and resin acids and derivatives, when their volume decreased by -74% to 115 tons. In general, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by 150% against the previous year.
In value terms, rosin and resin acids exports fell significantly to $1.5M in 2022. Overall, exports, however, showed a moderate expansion. The most prominent rate of growth was recorded in 2020 with an increase of 120% against the previous year.
Export of Rosin and Resin Acids in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1.3 | 2.7 | 4.2 | 1.4 | 2.5% |
Taiwan (Chinese) | N/A | N/A | N/A | N/A | 0% |
Japan | N/A | 0.1 | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 1.3 | 2.9 | 4.3 | 1.5 | 4.9% |
Top Export Markets for Rosin and Resin Acids from Hong Kong SAR in 2022:
- China (98.5 tons)
- Taiwan (Chinese) (16.6 tons)
Imports of Rosin and Resin Acids in Hong Kong SAR
In 2022, purchases abroad of rosin and resin acids and derivatives decreased by -67.5% to 114 tons, falling for the second year in a row after two years of growth. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 112% against the previous year. As a result, imports reached the peak of 463 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, rosin and resin acids imports declined remarkably to $1.8M in 2022. Over the period under review, imports, however, showed a pronounced expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 61% against the previous year.
Import of Rosin and Resin Acids in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 990 | 1,690 | 2,183 | 907 | -2.9% |
Taiwan (Chinese) | 256 | 381 | 703 | 724 | 41.4% |
China | 271 | 301 | 243 | 107 | -26.6% |
United States | 0.4 | 152 | 492 | 59.6 | 430.1% |
Singapore | 7.4 | 5.9 | 6.4 | 21.6 | 42.9% |
Argentina | N/A | 89.0 | N/A | N/A | 0% |
Others | 113 | 9.1 | 5.9 | N/A | -77.1% |
Total | 1,638 | 2,629 | 3,635 | 1,819 | 3.6% |
Top Suppliers of Rosin and Resin Acids to Hong Kong SAR in 2022:
- Japan (52.5 tons)
- China (27.8 tons)
- Taiwan (Chinese) (19.9 tons)
- United States (10.1 tons)
- Singapore (3.9 tons)
This report provides an in-depth analysis of the market for rosin and resin acid and derivative in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20147150 - Rosin and resin acids, and derivatives, rosin spirit and oils, r un gums
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for rosin and resin acid and derivative in Hong Kong SAR, China.
This report provides an in-depth analysis of the global market for rosin and resin acid and derivative.
This report provides an in-depth analysis of the market for rosin and resin acid and derivative in Hong Kong SAR, China.
This report provides an in-depth analysis of the global market for rosin and resin acid and derivative.
In value terms, rosin and resin acids and derivatives thereof imports amounted to $X in 2016. In general, rosin and resin acids and derivatives thereof imports continue to indicate a relatively fla...
In value terms, rosin and resin acids and derivatives thereof exports totaled $X in 2016. Overall, it indicated a slight growth from 2007 to 2016: the total exports value decreased at an average an...
In value terms, rosin and resin acids and derivatives thereof imports amounted to $X in 2016. In general, rosin and resin acids and derivatives thereof imports continue to indicate a relatively fla...
In value terms, rosin and resin acids and derivatives thereof exports totaled $X in 2016. Overall, it indicated a slight growth from 2007 to 2016: the total exports value decreased at an average an...