Price for Rosin and Resin Acids in Oman - 2021

Contents:

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

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

In 2022, the average rosin and resin acids import price amounted to $1,909 per ton, which is down by -22.2% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 82%. As a result, import price reached the peak level of $3,398 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($6,860 per ton), while the price for India ($600 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+25.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average rosin and resin acids export price amounted to $5,970 per ton, falling by -5.3% against the previous year. In general, the export price, however, saw a remarkable increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 113% against the previous year. Over the period under review, the average export prices reached the peak figure at $6,654 per ton in 2019; however, from 2020 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 China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +11.5% per year.

Imports of Rosin and Resin Acids in Oman

Rosin and resin acids imports into Oman reached 6.8 tons in 2022, picking up by 2.2% compared with the year before. Over the period under review, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 814%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, rosin and resin acids imports shrank rapidly to $13K in 2022. Overall, imports recorded a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 1,099% against the previous year.

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

1. India (3.2 tons)
2. United Arab Emirates (2.9 tons)
3. Saudi Arabia (0.6 tons)

Exports of Rosin and Resin Acids in Oman

In 2022, after three years of growth, there was significant decline in shipments abroad of rosin and resin acidses, when their volume decreased by -34.5% to 3 tons. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 223% against the previous year. As a result, the exports reached the peak of 4.5 tons, and then fell rapidly in the following year.

In value terms, rosin and resin acids exports reduced dramatically to $18K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 316%. As a result, the exports attained the peak of $29K, and then dropped markedly in the following year.

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

1. China (3.0 tons)

Source: IndexBox Market Intelligence Platform