Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Australia - 2024
Contents:
- Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Australia (CIF) - 2024
- Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Australia (FOB) - 2022
- Imports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Australia
- Exports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Australia
Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Australia (CIF) - 2024
In January 2024, the average import price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses amounted to $1,905 per ton, picking up by 2.2% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in May 2023 an increase of 20% against the previous month. As a result, import price attained the peak level of $2,161 per ton. From June 2023 to January 2024, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($4,463 per ton), while the price for Taiwan (Chinese) ($1,620 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by South Korea (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Australia (FOB) - 2022
In 2022, the average export price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses amounted to $2,011 per ton, growing by 1.6% against the previous year. In general, the export price enjoyed measured growth. The most prominent rate of growth was recorded in 2019 an increase of 158%. As a result, the export price attained the peak level of $4,629 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Singapore ($2,415 per ton) and Vietnam ($2,215 per ton), while the average price for exports to Thailand ($1,721 per ton) and New Zealand ($1,779 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+28.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Australia
In 2022, overseas purchases of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses decreased by -24.2% to 4.5K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports saw a mild decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. As a result, imports reached the peak of 6K tons, and then contracted remarkably in the following year.
In value terms, imports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses dropped to $9.6M in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. As a result, imports reached the peak of $11M, and then contracted in the following year.
| Import of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.0 | 3.8 | 4.6 | 3.2 | 2.2% |
| Taiwan (Chinese) | 1.4 | 1.1 | 1.9 | 1.7 | 6.7% |
| South Korea | 0.7 | 1.3 | 1.7 | 1.6 | 31.7% |
| Japan | 1.4 | 0.8 | 1.1 | 1.2 | -5.0% |
| Singapore | 1.5 | 0.9 | 0.5 | 0.5 | -30.7% |
| Germany | 0.4 | 0.2 | 0.2 | 0.5 | 7.7% |
| Thailand | N/A | 0.1 | 0.7 | 0.4 | 100.0% |
| United States | 0.3 | 0.5 | 0.3 | 0.3 | 0.0% |
| Others | 0.7 | 0.3 | 0.1 | 0.1 | -47.7% |
| Total | 9.6 | 9.0 | 11.0 | 9.6 | 0.0% |
Top Suppliers of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms to Australia in 2022:
- China (1790.9 tons)
- Taiwan (Chinese) (874.0 tons)
- South Korea (742.1 tons)
- Japan (513.6 tons)
- Singapore (235.5 tons)
- Thailand (140.0 tons)
- Germany (105.3 tons)
- United States (74.9 tons)
Exports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Australia
Exports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses from Australia surged to 452 tons in 2022, rising by 27% compared with 2021 figures. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 794% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses skyrocketed to $908K in 2022. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 402% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 9.5 | 73.9 | 404 | 431 | 256.7% |
| Singapore | N/A | N/A | N/A | 293 | 0% |
| Thailand | N/A | 45.6 | 181 | 93.8 | 43.4% |
| Vietnam | N/A | 25.0 | 12.5 | 61.6 | 57.0% |
| Malaysia | N/A | 23.4 | 90.4 | 23.4 | 0.0% |
| Others | 30.9 | 34.8 | 14.5 | 5.5 | -43.7% |
| Total | 40.4 | 203 | 703 | 908 | 182.2% |
Top Export Markets for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms from Australia in 2022:
- New Zealand (242.0 tons)
- Singapore (121.5 tons)
- Thailand (54.5 tons)
- Vietnam (27.8 tons)
- Malaysia (4.6 tons)
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