Price for Rosin; Salts of Rosin or of Resin Acids in South Africa - 2024

Contents:

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

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

The average export price for rosin; salts of rosin or of resin acidses stood at $2,816 per ton in 2022, reducing by -40.2% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 81%. Over the period under review, the average export prices attained the maximum at $5,745 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mozambique ($11,846 per ton), while the average price for exports to Botswana ($860 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 Democratic Republic of the Congo (+20.0%), 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 South Africa (CIF) - 2022

The average import price for rosin; salts of rosin or of resin acidses stood at $62,000 per ton in 2022, jumping by 3,964% against the previous year. Overall, the import price showed significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 +41.7% per year.

Exports of Rosin; Salts of Rosin or of Resin Acids in South Africa

In 2022, the amount of rosin; salts of rosin or of resin acidses exported from South Africa skyrocketed to 25 tons, jumping by 391% on the previous year. Overall, exports showed mild growth.

In value terms, exports of rosin; salts of rosin or of resin acidses soared to $69K in 2022. In general, exports, however, faced a dramatic decrease.

Export of Rosin; Salts of Rosin or of Resin Acids in South Africa (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Namibia13.325.98.742.447.2%
Kenya22.18.1N/A23.11.5%
Swaziland5.16.03.91.8-29.3%
BotswanaN/AN/AN/A0.50%
Mozambique93.710.3N/A0.2-87.1%
United StatesN/A95.4N/AN/A0%
Others1.60.111.01.4-4.4%
Total13614623.669.3-20.1%

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

  1. Namibia (17.1 tons)
  2. Kenya (6.2 tons)
  3. Swaziland (0.6 tons)
  4. Botswana (0.6 tons)

Imports of Rosin; Salts of Rosin or of Resin Acids in South Africa

In 2022, approx. 3 kg of rosin; salts of rosin or of resin acidses were imported into South Africa; with a decrease of 99.9% compared with the year before. Over the period under review, imports saw a precipitous curtailment. The smallest decline of -20% was in 2021.

In value terms, imports of rosin; salts of rosin or of resin acidses fell remarkably to $186 in 2022. In general, imports recorded a significant curtailment. The smallest decline of -6.1% was in 2021.

Import of Rosin; Salts of Rosin or of Resin Acids in South Africa (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ChinaN/AN/AN/A0.20%
BrazilN/A39.036.4N/A-6.7%
Belgium201N/AN/AN/A0%
Others0.5N/A0.2N/A-36.8%
Total20239.036.60.2-90.0%

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

  1. China (3.0 kg)

Source: IndexBox Market Intelligence Platform

Store
Blog
Event
Free Data: Rosin; salts of rosin or of resin acids - South Africa