Price for Rosin and Resin Acids in Venezuela - 2022

Contents:

  1. Price for Rosin and Resin Acids in Venezuela (CIF) - 2022
  2. Imports of Rosin and Resin Acids in Venezuela

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

In 2022, the average rosin and resin acids import price amounted to $1,538 per ton, with a decrease of -44.1% against the previous year. Overall, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 45% against the previous year. Over the period under review, average import prices reached the peak figure at $4,266 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Colombia ($2,146 per ton), while the price for Indonesia ($1,066 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+55.2%), while the prices for the other major suppliers experienced a decline.

Imports of Rosin and Resin Acids in Venezuela

In 2022, purchases abroad of rosin and resin acidses was finally on the rise to reach 139 tons after two years of decline. In general, imports showed a significant increase. 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 $214K in 2022. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Rosin and Resin Acids in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Peru13.37.92.960.065.2%
United States2.21.91.046.8177.1%
Brazil6.74.31.839.480.5%
China5.73.81.637.787.7%
Colombia0.10.10.118.8472.9%
Indonesia2.51.50.611.968.2%
OthersN/AN/A0.1N/A0%
Total30.519.68.121491.4%

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

  1. United States (35.4 tons)
  2. Brazil (35.2 tons)
  3. Peru (28.4 tons)
  4. China (20.5 tons)
  5. Indonesia (11.2 tons)
  6. Colombia (8.7 tons)

Source: IndexBox Market Intelligence Platform

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