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

Contents:

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

Price for Rosin; Salts of Rosin or of Resin Acids in Thailand (CIF) - 2022

The average import price for rosin; salts of rosin or of resin acidses stood at $4,598 per ton in 2022, increasing by 3.9% against the previous year. Overall, the import price showed resilient growth. The most prominent rate of growth was recorded in 2020 an increase of 33% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($20,423 per ton), while the price for China ($1,543 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for rosin; salts of rosin or of resin acidses amounted to $1,519 per ton, standing approx. at the previous year. Overall, the export price, however, continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2020 when the average export price increased by 0.6%. Over the period under review, the average export prices attained the peak figure at $5,087 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +0.9% per year.

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

In 2022, imports of rosin; salts of rosin or of resin acidses into Thailand contracted to 167 tons, shrinking by -1.5% compared with the previous year's figure. Over the period under review, imports showed a mild decrease. The growth pace was the most rapid in 2021 with an increase of 96%.

In value terms, imports of rosin; salts of rosin or of resin acidses stood at $767K in 2022. In general, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2021 when imports increased by 120%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Import of Rosin; Salts of Rosin or of Resin Acids in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany47.014533035395.8%
Japan22213734734115.4%
China19836.247.249.5-37.0%
France27.08.8N/A23.2-4.9%
Others24.614.726.3N/A3.4%
Total51934275076713.9%

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

  1. Japan (114.5 tons)
  2. China (32.0 tons)
  3. Germany (17.3 tons)
  4. France (3.0 tons)

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

In 2022, overseas shipments of rosin; salts of rosin or of resin acidses decreased by -45.9% to 113 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports showed a pronounced reduction. The growth pace was the most rapid in 2020 with an increase of 43% against the previous year.

In value terms, exports of rosin; salts of rosin or of resin acidses declined dramatically to $171K in 2022. Over the period under review, exports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 44% against the previous year.

Export of Rosin; Salts of Rosin or of Resin Acids in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia182263316171-2.1%
OthersN/AN/AN/A0.40%
Total182263316171-2.1%

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

  1. Malaysia (112.0 tons)

Source: IndexBox Market Intelligence Platform

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