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Vietnam - 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 Vietnam - 2021
Contents:
- Price for Rosin and Resin Acids in Vietnam (FOB) - 2021
- Price for Rosin and Resin Acids in Vietnam (CIF) - 2021
- Exports of Rosin and Resin Acids in Vietnam
- Imports of Rosin and Resin Acids in Vietnam
Price for Rosin and Resin Acids in Vietnam (FOB) - 2021
In December 2021, the average rosin and resin acids export price amounted to $1,600 per ton, rising by 2% against the previous month. Over the period from December 2020 to December 2021, it increased at an average monthly rate of +3.8%. The pace of growth was the most pronounced in January 2021 when the average export price increased by 55% m-o-m. Over the period under review, the average export prices attained the peak figure at $1,651 per ton in February 2021; however, from March 2021 to December 2021, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In December 2021, the highest price was recorded for prices to Malaysia ($2,194 per ton) and Taiwan (Chinese) ($1,806 per ton), while the average price for exports to Thailand ($1,533 per ton) and South Korea ($1,533 per ton) were amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Rosin and Resin Acids in Vietnam (CIF) - 2021
In December 2021, the average rosin and resin acids import price amounted to $2,270 per ton, waning by -4.5% against the previous month. Over the period from December 2020 to December 2021, it increased at an average monthly rate of +2.3%. The growth pace was the most rapid in January 2021 an increase of 36% m-o-m. Over the period under review, average import prices hit record highs at $2,385 per ton in October 2021; however, from November 2021 to December 2021, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In December 2021, the highest price was recorded for prices from Thailand ($2,519 per ton) and Taiwan (Chinese) ($2,519 per ton), while the price for Indonesia ($1,709 per ton) and South Korea ($1,776 per ton) were amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Brazil (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Rosin and Resin Acids in Vietnam
In 2022, approx. 52K tons of rosin and resin acids and derivatives were exported from Vietnam; increasing by 10% on the year before. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +16.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 29%. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, rosin and resin acids exports surged to $88M in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.2% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 31% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.
Export of Rosin and Resin Acids in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 17.7 | 27.9 | 39.9 | 41.9 | 33.3% |
Japan | 8.4 | 8.8 | 9.1 | 15.4 | 22.4% |
Taiwan (Chinese) | 3.2 | 4.5 | 6.6 | 8.3 | 37.4% |
South Korea | 7.9 | 9.9 | 6.6 | 5.9 | -9.3% |
Malaysia | 1.7 | 2.2 | 2.9 | 3.6 | 28.4% |
Thailand | 1.9 | 2.3 | 2.2 | 2.8 | 13.8% |
United States | 1.8 | 1.6 | 1.4 | 2.1 | 5.3% |
Others | 5.5 | 5.6 | 6.3 | 8.0 | 13.3% |
Total | 48.1 | 62.8 | 75.1 | 88.0 | 22.3% |
Top Export Markets for Rosin and Resin Acids from Vietnam in 2022:
- China (25.7K tons)
- Japan (7.9K tons)
- Taiwan (Chinese) (5.3K tons)
- South Korea (3.2K tons)
- Thailand (1.8K tons)
- United States (1.7K tons)
- Malaysia (1.7K tons)
Imports of Rosin and Resin Acids in Vietnam
In 2022, after three years of growth, there was significant decline in supplies from abroad of rosin and resin acids and derivatives, when their volume decreased by -49.9% to 2.5K tons. Over the period under review, imports showed a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by 11%. As a result, imports reached the peak of 5K tons, and then contracted remarkably in the following year.
In value terms, rosin and resin acids imports reduced dramatically to $8.4M in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. As a result, imports attained the peak of $12M, and then shrank notably in the following year.
Import of Rosin and Resin Acids in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 5.0 | 4.6 | 6.2 | 3.9 | -7.9% |
Indonesia | 0.3 | 0.3 | 1.3 | 0.9 | 44.2% |
Japan | 0.6 | 1.3 | 1.3 | 0.9 | 14.5% |
South Africa | 0.5 | 0.4 | 0.6 | 0.5 | 0.0% |
Taiwan (Chinese) | 0.5 | 0.3 | 0.5 | 0.4 | -7.2% |
South Korea | 0.4 | 0.5 | 0.7 | 0.4 | 0.0% |
Thailand | 0.4 | 0.4 | 0.5 | 0.3 | -9.1% |
Others | 0.8 | 1.0 | 1.3 | 1.0 | 7.7% |
Total | 8.5 | 8.9 | 12.4 | 8.4 | -0.4% |
Top Suppliers of Rosin and Resin Acids to Vietnam in 2022:
- China (1062.2 tons)
- Indonesia (398.5 tons)
- Japan (257.5 tons)
- South Korea (198.1 tons)
- Taiwan (Chinese) (137.0 tons)
- South Africa (129.5 tons)
- Thailand (89.6 tons)
This report provides an in-depth analysis of the market for rosin and resin acid and derivative in Vietnam. 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:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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 Vietnam.
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 Vietnam.
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...