Price for Rosin; Salts of Rosin or of Resin Acids in New Zealand - 2023

Contents:

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

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

The average export price for rosin; salts of rosin or of resin acidses stood at $4,841 per ton in 2022, growing by 9.4% against the previous year. Overall, the export price showed a strong increase. The pace of growth was the most pronounced in 2014 an increase of 50% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Tonga ($8,735 per ton), while the average price for exports to China ($4,399 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 Thailand (+15.3%), 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 New Zealand (CIF) - 2022

In 2022, the average import price for rosin; salts of rosin or of resin acidses amounted to $2,235 per ton, standing approx. at the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 59%. The import price peaked at $2,618 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($6,646 per ton), while the price for Australia ($307 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Rosin; Salts of Rosin or of Resin Acids in New Zealand

For the fourth year in a row, New Zealand recorded growth in shipments abroad of rosin; salts of rosin or of resin acidses, which increased by 4.2% to 482 tons in 2022. The total export volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 4.2%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of rosin; salts of rosin or of resin acidses expanded significantly to $2.3M in 2022. The total export value increased at an average annual rate of +14.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 14% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the near future.

Export of Rosin; Salts of Rosin or of Resin Acids in New Zealand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,0261,2151,4331,68718.0%
Thailand3964154334514.4%
Tonga1371501641789.1%
Others16.416.516.716.70.6%
Total1,5771,7972,0472,33313.9%

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

  1. China (383.4 tons)
  2. Thailand (76.3 tons)
  3. Tonga (20.4 tons)

Imports of Rosin; Salts of Rosin or of Resin Acids in New Zealand

Imports of rosin; salts of rosin or of resin acidses into New Zealand surged to 60 tons in 2022, with an increase of 62% on 2021 figures. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +8.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of rosin; salts of rosin or of resin acidses surged to $135K in 2022. Over the period under review, total imports indicated a noticeable increase from 2019 to 2022: its value increased at an average annual rate of +4.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.0% against 2020 indices. 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 New Zealand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States82.945.748.993.13.9%
India18.716.316.018.4-0.5%
Japan5.36.76.98.215.7%
Germany2.82.32.22.4-5.0%
Australia1.00.70.60.5-20.6%
Others7.57.89.212.618.9%
Total11879.583.81354.6%

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

  1. United States (52.2 tons)
  2. India (3.0 tons)
  3. Germany (1.9 tons)
  4. Australia (1.7 tons)
  5. Japan (1.2 tons)

Source: IndexBox Market Intelligence Platform

Store
Blog
Event
Free Data: Rosin; salts of rosin or of resin acids - New Zealand