Price for Rosin and Resin Acids in Thailand - 2023
Contents:
- Price for Rosin and Resin Acids in Thailand (CIF) - 2022
- Price for Rosin and Resin Acids in Thailand (FOB) - 2022
- Imports of Rosin and Resin Acids in Thailand
- Exports of Rosin and Resin Acids in Thailand
Price for Rosin and Resin Acids in Thailand (CIF) - 2022
The average rosin and resin acids import price stood at $2,196 per ton in 2022, picking up by 6.5% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.4% 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 import price increased by +76.3% against 2019 indices. The growth pace was the most rapid in 2021 an increase of 53%. The import price peaked at $2,424 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($4,038 per ton), while the price for Vietnam ($1,805 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Rosin and Resin Acids in Thailand (FOB) - 2022
The average rosin and resin acids export price stood at $1,779 per ton in 2022, dropping by -54.4% against the previous year. Overall, the export price saw a drastic downturn. The growth pace was the most rapid in 2020 an increase of 113% against the previous year. Over the period under review, the average export prices attained the peak figure at $5,500 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($2,428 per ton), while the average price for exports to Lao People's Democratic Republic ($1,156 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+118.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Rosin and Resin Acids in Thailand
In 2022, the amount of rosin and resin acidses imported into Thailand rose notably to 3.6K tons, increasing by 13% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, rosin and resin acids imports surged to $8M in 2022. Over the period under review, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 64% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Rosin and Resin Acids in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1.8 | 2.3 | 3.2 | 3.9 | 29.4% |
| China | 1.6 | 1.1 | 1.9 | 2.0 | 7.7% |
| Indonesia | 0.2 | 0.4 | 0.7 | 0.9 | 65.1% |
| Japan | 0.1 | 0.1 | 0.5 | 0.7 | 91.3% |
| Others | 0.3 | 0.3 | 0.3 | 0.4 | 10.1% |
| Total | 4.0 | 4.1 | 6.7 | 8.0 | 26.0% |
Top Suppliers of Rosin and Resin Acids to Thailand in 2022:
- Vietnam (2178.3 tons)
- China (710.7 tons)
- Indonesia (504.7 tons)
- Japan (175.0 tons)
Exports of Rosin and Resin Acids in Thailand
In 2022, exports of rosin and resin acidses from Thailand surged to 30 tons, with an increase of 166% on 2021. Over the period under review, exports saw a resilient increase.
In value terms, rosin and resin acids exports skyrocketed to $54K in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 365% against the previous year. As a result, the exports attained the peak of $130K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Rosin and Resin Acids in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | 16.5 | N/A | 37.3 | 50.4% |
| Pakistan | N/A | 8.6 | N/A | 13.8 | 26.7% |
| Lao People's Democratic Republic | N/A | N/A | N/A | 2.3 | 0% |
| China | 24.8 | N/A | 0.8 | N/A | -82.0% |
| Cambodia | N/A | 77.6 | 3.7 | N/A | -95.2% |
| Bangladesh | N/A | 26.1 | 28.4 | N/A | 8.8% |
| Others | 3.2 | 1.1 | 11.4 | 0.4 | -50.0% |
| Total | 28.0 | 130 | 44.2 | 53.7 | 24.2% |
Top Export Markets for Rosin and Resin Acids from Thailand in 2022:
- Vietnam (22.5 tons)
- Pakistan (5.7 tons)
- Lao People's Democratic Republic (2.0 tons)
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This report provides an in-depth analysis of the market for rosin and resin acids in Thailand.
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This report provides an in-depth analysis of the global market for rosin and resin acids.
453
This report provides an in-depth analysis of the market for rosin and resin acids in Thailand.
787
This report provides an in-depth analysis of the global market for rosin and resin acids.
705
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...
716
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...
705
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...
716
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...
