Price for Rosin; Salts of Rosin or of Resin Acids in Hong Kong SAR - 2022
Contents:
- Price for Rosin; Salts of Rosin or of Resin Acids in Hong Kong SAR (CIF) - 2022
- Price for Rosin; Salts of Rosin or of Resin Acids in Hong Kong SAR (FOB) - 2022
- Imports of Rosin; Salts of Rosin or of Resin Acids in Hong Kong SAR
- Exports of Rosin; Salts of Rosin or of Resin Acids in Hong Kong SAR
Price for Rosin; Salts of Rosin or of Resin Acids in Hong Kong SAR (CIF) - 2022
The average import price for rosin; salts of rosin or of resin acidses stood at $34,577 per ton in 2022, picking up by 185% against the previous year. Overall, the import price saw a strong increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 269% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($493,800 per ton), while the price for China ($445 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+19.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Rosin; Salts of Rosin or of Resin Acids in Hong Kong SAR (FOB) - 2022
The average export price for rosin; salts of rosin or of resin acidses stood at $19,353 per ton in 2022, with an increase of 19% against the previous year. In general, the export price recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 an increase of 123% against the previous year. The export price peaked at $19,656 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($40,952 per ton), while the average price for exports to Thailand ($1,000 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 Indonesia (+21.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Rosin; Salts of Rosin or of Resin Acids in Hong Kong SAR
In 2022, overseas purchases of rosin; salts of rosin or of resin acidses decreased by -71.3% to 610 kg, falling for the second consecutive year after two years of growth. In general, imports recorded a sharp decline. The most prominent rate of growth was recorded in 2020 when imports increased by 56%. As a result, imports attained the peak of 3.3 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 shrank sharply to $21K in 2022. Overall, imports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 137% against the previous year. As a result, imports reached the peak of $26K, and then fell sharply in the following year.
| Import of Rosin; Salts of Rosin or of Resin Acids in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 12.9 | 9.9 | 21.3 | 19.8 | 15.4% |
| South Korea | 0.8 | N/A | 1.1 | 0.8 | 0.0% |
| United States | 0.5 | 0.3 | 0.6 | 0.5 | 0.0% |
| China | 0.2 | N/A | 0.1 | 0.1 | -20.6% |
| United Kingdom | 0.3 | N/A | N/A | N/A | 0% |
| France | N/A | 0.3 | N/A | N/A | 0% |
| Honduras | N/A | N/A | 2.6 | N/A | 0% |
| Others | 0.3 | 0.3 | 0.3 | N/A | 0.0% |
| Total | 14.9 | 10.9 | 25.8 | 21.1 | 12.3% |
Top Suppliers of Rosin; Salts of Rosin or of Resin Acids to Hong Kong SAR in 2022:
- South Korea (268.0 kg)
- United States (165.0 kg)
- China (137.0 kg)
- Malaysia (40.0 kg)
Exports of Rosin; Salts of Rosin or of Resin Acids in Hong Kong SAR
Exports of rosin; salts of rosin or of resin acidses from Hong Kong SAR dropped notably to 51 kg in 2022, which is down by -19% on 2021. In general, exports continue to indicate a precipitous contraction.
In value terms, exports of rosin; salts of rosin or of resin acidses shrank to $987 in 2022. Overall, exports continue to indicate a sharp decrease.
| Export of Rosin; Salts of Rosin or of Resin Acids in Hong Kong SAR (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 3,940 | 911 | 885 | 860 | -39.8% |
| China | 738 | 157 | 140 | 125 | -44.7% |
| Thailand | 2.0 | 1.0 | 1.0 | 1.0 | -20.6% |
| United States | 470 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 1.0 | 0% |
| Total | 5,150 | 1,069 | 1,026 | 987 | -42.3% |
Top Export Markets for Rosin; Salts of Rosin or of Resin Acids from Hong Kong SAR in 2022:
- China (28.0 kg)
- Indonesia (21.0 kg)
- Thailand (1.0 kg)
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This report provides an in-depth analysis of the market for rosin and resin acids in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global market for rosin and resin acids.
284
This report provides an in-depth analysis of the market for rosin and resin acids in Hong Kong SAR, China.
799
This report provides an in-depth analysis of the global market for rosin and resin acids.
714
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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...
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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...
721
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...
