Price for Rosin; Salts of Rosin or of Resin Acids in Colombia - 2022

Contents:

  1. Price for Rosin; Salts of Rosin or of Resin Acids in Colombia (FOB) - 2022
  2. Price for Rosin; Salts of Rosin or of Resin Acids in Colombia (CIF) - 2022
  3. Exports of Rosin; Salts of Rosin or of Resin Acids in Colombia
  4. Imports of Rosin; Salts of Rosin or of Resin Acids in Colombia

Price for Rosin; Salts of Rosin or of Resin Acids in Colombia (FOB) - 2022

In 2022, the average export price for rosin; salts of rosin or of resin acidses amounted to $3,451 per ton, rising by 14% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($3,465 per ton), while the average price for exports to Peru totaled $2,339 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Rosin; Salts of Rosin or of Resin Acids in Colombia (CIF) - 2022

The average import price for rosin; salts of rosin or of resin acidses stood at $8,824 per ton in 2022, increasing by 14% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for rosin; salts of rosin or of resin acidses increased by +46.2% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 27% against the previous year. As a result, import price reached the peak level of $10,631 per ton. From 2016 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, 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 +9.8% per year.

Exports of Rosin; Salts of Rosin or of Resin Acids in Colombia

In 2022, exports of rosin; salts of rosin or of resin acidses from Colombia declined to 135 tons, shrinking by -12.9% against 2021. Over the period under review, exports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of 4.2% against the previous year.

In value terms, exports of rosin; salts of rosin or of resin acidses dropped to $465K in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 6.7%. As a result, the exports attained the peak of $467K, leveling off in the following year.

Export of Rosin; Salts of Rosin or of Resin Acids in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States28125826346218.0%
Peru10.99.89.43.7-30.2%
Venezuela59.159.263.9N/A4.0%
Panama100109129N/A13.6%
Others2.52.22.1N/A-8.3%
Total4544384674650.8%

Top Export Markets for Rosin; Salts of Rosin or of Resin Acids from Colombia in 2022:

  1. United States (133.2 tons)
  2. Peru (1.6 tons)

Imports of Rosin; Salts of Rosin or of Resin Acids in Colombia

In 2022, purchases abroad of rosin; salts of rosin or of resin acidses decreased by -28.6% to 500 kg, falling for the second year in a row after two years of growth. In general, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 244% against the previous year. As a result, imports reached the peak of 2.3 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of rosin; salts of rosin or of resin acidses fell rapidly to $4.4K in 2022. Over the period under review, imports, however, saw a notable increase. The pace of growth appeared the most rapid in 2020 when imports increased by 259% against the previous year. As a result, imports reached the peak of $15K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Rosin; Salts of Rosin or of Resin Acids in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China0.51.61.24.4106.5%
United States3.613.04.2N/A8.0%
OthersN/AN/AN/AN/A0%
Total4.114.65.44.42.4%

Top Suppliers of Rosin; Salts of Rosin or of Resin Acids to Colombia in 2022:

  1. China (500.0 kg)

Source: IndexBox Market Intelligence Platform

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