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

Contents:

  1. Price for Rosin; Salts of Rosin or of Resin Acids in Vietnam (FOB) - 2022
  2. Exports of Rosin; Salts of Rosin or of Resin Acids in Vietnam

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

The average export price for rosin; salts of rosin or of resin acidses stood at $2,670 per ton in 2022, with a decrease of -3% against the previous year. Overall, the export price showed a pronounced slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 113%. As a result, the export price attained the peak level of $4,681 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Pakistan.

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +0.3% per year.

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

In 2022, exports of rosin; salts of rosin or of resin acidses from Vietnam rose modestly to 26 tons, increasing by 5% on the previous year. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 315% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of rosin; salts of rosin or of resin acidses rose modestly to $70K in 2022. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 344%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Rosin; Salts of Rosin or of Resin Acids in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Pakistan17.315.468.569.859.2%
OthersN/AN/AN/AN/A0%
Total17.315.468.569.859.2%

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

  1. Pakistan (26.1 tons)

Source: IndexBox Market Intelligence Platform

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