Price for Rosin and Resin Acids in Nepal - 2021

Contents:

  1. Price for Rosin and Resin Acids in Nepal (FOB) - 2022
  2. Price for Rosin and Resin Acids in Nepal (CIF) - 2022
  3. Exports of Rosin and Resin Acids in Nepal
  4. Imports of Rosin and Resin Acids in Nepal

Price for Rosin and Resin Acids in Nepal (FOB) - 2022

In 2022, the average rosin and resin acids export price amounted to $1,514 per ton, surging by 4% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rosin and resin acids export price increased by +65.3% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 53%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +3.7% per year.

Price for Rosin and Resin Acids in Nepal (CIF) - 2022

The average rosin and resin acids import price stood at $973 per ton in 2022, shrinking by -15.9% against the previous year. In general, the import price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2016 when the average import price increased by 33%. As a result, import price attained the peak level of $2,671 per ton. From 2017 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +14.0% per year.

Exports of Rosin and Resin Acids in Nepal

In 2022, approx. 10K tons of rosin and resin acidses were exported from Nepal; picking up by 31% on the previous year. In general, exports, however, showed a abrupt decline.

In value terms, rosin and resin acids exports soared to $15M in 2022. Over the period under review, exports saw a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 75%. The exports peaked in 2022 and are likely to continue growth in years to come.

Export of Rosin and Resin Acids in Nepal (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
India11.16.411.315.411.5%
OthersN/A0.10.1N/A0.0%
Total11.26.511.315.411.2%

Top Export Markets for Rosin and Resin Acids from Nepal in 2022:

  1. India (10.2K tons)

Imports of Rosin and Resin Acids in Nepal

In 2022, the amount of rosin and resin acidses imported into Nepal skyrocketed to 68 tons, growing by 136% compared with the year before. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 524% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, rosin and resin acids imports surged to $66K in 2022. In general, imports saw a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 383% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Import of Rosin and Resin Acids in Nepal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India8.86.633.065.895.5%
Others0.40.20.1N/A-50.0%
Total9.26.833.165.892.7%

Top Suppliers of Rosin and Resin Acids to Nepal in 2022:

  1. India (67.6 tons)

Source: IndexBox Market Intelligence Platform

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