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

Contents:

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

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

The average export price for rosin; salts of rosin or of resin acidses stood at $21,133 per ton in 2022, surging by 30% against the previous year. In general, the export price posted a significant increase. The pace of growth was the most pronounced in 2013 an increase of 496%. The export price peaked at $21,694 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($21,348 per ton), while the average price for exports to Malaysia ($15,016 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 Taiwan (Chinese) (+56.1%), 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 Singapore (CIF) - 2022

The average import price for rosin; salts of rosin or of resin acidses stood at $9,311 per ton in 2022, falling by -44.1% against the previous year. Over the period under review, the import price, however, recorded measured growth. The pace of growth was the most pronounced in 2013 an increase of 80% against the previous year. The import price peaked at $16,643 per ton in 2021, and then shrank rapidly in the following year.

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 +18.6% per year.

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

For the fourth consecutive year, Singapore recorded growth in overseas shipments of rosin; salts of rosin or of resin acidses, which increased by 4.4% to 23 tons in 2022. The total export volume increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 20%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of rosin; salts of rosin or of resin acidses soared to $483K in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

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

1. India (21.9 tons)
2. Indonesia (0.8 tons)
3. Malaysia (0.3 tons)

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

In 2022, supplies from abroad of rosin; salts of rosin or of resin acidses increased by 1,229% to 11 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a precipitous descent.

In value terms, imports of rosin; salts of rosin or of resin acidses surged to $101K in 2022. In general, imports, however, continue to indicate a precipitous contraction.

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

1. China (10.8 tons)

Source: IndexBox Market Intelligence Platform