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

Contents:

  1. Price for Rosin; Salts of Rosin or of Resin Acids in Iran (CIF) - 2022
  2. Imports of Rosin; Salts of Rosin or of Resin Acids in Iran

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

The average import price for rosin; salts of rosin or of resin acidses stood at $15,082 per ton in 2022, rising by 58% against the previous year. In general, the import price showed a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($20,286 per ton), while the price for Turkey ($8,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+24.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, overseas purchases of rosin; salts of rosin or of resin acidses decreased by -31.4% to 839 kg, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a sharp downturn. The growth pace was the most rapid in 2020 when imports increased by 0.6%. As a result, imports reached the peak of 1.6 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 expanded remarkably to $13K in 2022. The total import value increased at an average annual rate of +8.3% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Rosin; Salts of Rosin or of Resin Acids in Iran (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates7.35.96.45.6-8.5%
Japan1.11.91.74.964.5%
China1.12.63.41.48.4%
Turkey0.30.30.10.732.6%
Others0.10.10.10.10.0%
Total9.910.811.712.78.7%

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

  1. United Arab Emirates (339.0 kg)
  2. Japan (268.0 kg)
  3. China (143.0 kg)
  4. Turkey (82.0 kg)

Source: IndexBox Market Intelligence Platform

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