Price for Rosin; Salts of Rosin or of Resin Acids in Belgium - 2023

Contents:

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

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

The average export price for rosin; salts of rosin or of resin acidses stood at $1,197 per ton in 2022, falling by -35.6% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2020 when the average export price increased by 81%. The export price peaked at $2,587 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($3,546 per ton), while the average price for exports to Romania ($662 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 Germany (+4.1%), 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 Belgium (CIF) - 2022

The average import price for rosin; salts of rosin or of resin acidses stood at $3,280 per ton in 2022, growing by 12% against the previous year. Over the period under review, the import price posted buoyant growth. The pace of growth appeared the most rapid in 2017 when the average import price increased by 65%. Over the period under review, average import prices hit record highs at $5,177 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($5,826 per ton), while the price for Greece totaled $2,634 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

For the fourth year in a row, Belgium recorded growth in shipments abroad of rosin; salts of rosin or of resin acidses, which increased by 191% to 9.9K tons in 2022. In general, exports posted significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 1,551% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of rosin; salts of rosin or of resin acidses surged to $12M in 2022. Overall, exports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 1,658%. The exports peaked in 2022 and are likely to continue growth in the near future.

Export of Rosin; Salts of Rosin or of Resin Acids in Belgium (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain0.61071,6864,0461789.3%
ItalyN/A18.61,2222,4741053.3%
FranceN/A21.37562,090890.6%
PolandN/A19.47301,506781.1%
Romania2.939.5463907578.8%
GermanyN/A58.31,354690244.0%
Hungary66.952.460.357.0-5.2%
Others89.442.029.736.6-25.7%
Total1603586,30111,806319.4%

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

  1. Spain (3.3K tons)
  2. Poland (2.2K tons)
  3. France (1.8K tons)
  4. Romania (1.4K tons)
  5. Italy (0.9K tons)
  6. Germany (0.2K tons)

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

In 2022, purchases abroad of rosin; salts of rosin or of resin acidses decreased by -68.7% to 5.3 tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a dramatic descent. The growth pace was the most rapid in 2020 when imports increased by 91% against the previous year. As a result, imports reached the peak of 31 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of rosin; salts of rosin or of resin acidses declined rapidly to $17K in 2022. Overall, imports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 40%. As a result, imports attained the peak of $104K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Rosin; Salts of Rosin or of Resin Acids in Belgium (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
GreeceN/A20.731.111.2-26.4%
Netherlands9.910.711.96.3-14.0%
Japan19.515.2N/AN/A-22.1%
United Kingdom44.953.1N/AN/A18.3%
FranceN/A4.66.6N/A43.5%
OthersN/AN/A0.1N/A0%
Total74.310449.817.4-38.4%

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

  1. Greece (4.2 tons)
  2. Netherlands (1.1 tons)

Source: IndexBox Market Intelligence Platform

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