World - Rosin And Resin Acids And Derivatives - Market Analysis, Forecast, Size, Trends And Insights
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The global rosin and resin acids market is projected to experience growth in both volume and value from 2022 to 2030, with an anticipated CAGR of +0.3% and +2.4% respectively. Consumption and production trends have been analyzed, with key countries such as China, the United States, and India leading in both consumption and production. Import and export trends have also been discussed, with notable growth rates in countries like China and Vietnam. Overall, the market is expected to see moderate growth in the coming years.
Market Forecast
Driven by rising demand for rosin and resin acids worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.3% for the period from 2022 to 2030, which is projected to bring the market volume to 2.8M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +2.4% for the period from 2022 to 2030, which is projected to bring the market value to $6B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Rosin And Resin Acids And Derivatives
In 2022, consumption of rosin and resin acids and derivatives decreased by -0.9% to 2.7M tons for the first time since 2017, thus ending a four-year rising trend. In general, consumption recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the consumption volume increased by 2.5% against the previous year. Over the period under review, global consumption hit record highs at 2.9M tons in 2012; however, from 2013 to 2022, consumption remained at a lower figure.
The global rosin and resin acids market size was estimated at $5B in 2022, picking up by 1.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a slight setback. The most prominent rate of growth was recorded in 2021 when the market value increased by 4.3%. Global consumption peaked at $5.8B in 2012; however, from 2013 to 2022, consumption failed to regain momentum.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (571K tons), the United States (403K tons) and India (239K tons), with a combined 45% share of global consumption. Brazil, Germany, Japan, Indonesia, Mexico, Portugal, Canada, Russia, Saudi Arabia and Democratic Republic of the Congo lagged somewhat behind, together accounting for a further 25%.
From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +4.3%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest rosin and resin acids markets worldwide were China ($1.1B), the United States ($746M) and India ($395M), together comprising 45% of the global market. Germany, Japan, Mexico, Brazil, Portugal, Indonesia, Canada, Russia, Democratic Republic of the Congo and Saudi Arabia lagged somewhat behind, together accounting for a further 22%.
Russia, with a CAGR of +1.8%, recorded the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of rosin and resin acids per capita consumption was registered in Portugal (5.3 kg per person), followed by Canada (1.3 kg per person), Saudi Arabia (1.2 kg per person) and the United States (1.2 kg per person), while the world average per capita consumption of rosin and resin acids was estimated at 0.3 kg per person.
From 2012 to 2022, the average annual growth rate of the rosin and resin acids per capita consumption in Portugal stood at +1.1%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Canada (-1.0% per year) and Saudi Arabia (-1.4% per year).
Production
World Production of Rosin And Resin Acids And Derivatives
In 2022, production of rosin and resin acids and derivatives decreased by -0.9% to 2.7M tons for the first time since 2019, thus ending a two-year rising trend. In general, production recorded a mild decrease. The most prominent rate of growth was recorded in 2020 with an increase of 1.8% against the previous year. Over the period under review, global production attained the maximum volume at 3M tons in 2012; however, from 2013 to 2022, production failed to regain momentum.
In value terms, rosin and resin acids production totaled $4.9B in 2022 estimated in export price. Over the period under review, production showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 when the production volume increased by 2.9% against the previous year. Over the period under review, global production hit record highs at $6.2B in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were China (574K tons), the United States (430K tons) and Brazil (199K tons), together accounting for 45% of global production. India, Indonesia, Vietnam, Finland, Mexico, Portugal, Saudi Arabia, Japan, Argentina and Democratic Republic of the Congo lagged somewhat behind, together accounting for a further 30%.
From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +4.3%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Rosin And Resin Acids And Derivatives
In 2022, supplies from abroad of rosin and resin acids and derivatives decreased by -10.7% to 805K tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 9.9%. As a result, imports reached the peak of 902K tons, and then shrank in the following year.
In value terms, rosin and resin acids imports expanded significantly to $1.8B in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 42% against the previous year. Over the period under review, global imports attained the maximum at $2B in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.
Imports By Country
The countries with the highest levels of rosin and resin acids imports in 2022 were China (82K tons), Germany (74K tons), India (57K tons), Portugal (56K tons), Japan (53K tons), the Netherlands (44K tons), the United States (37K tons), Italy (33K tons), Spain (31K tons), France (29K tons), Turkey (28K tons) and Belgium (28K tons), together resulting at 68% of total import. Canada (22K tons) held a minor share of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of +19.2%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the largest rosin and resin acids importing markets worldwide were Germany ($187M), China ($141M) and Japan ($123M), with a combined 25% share of global imports.
In terms of the main importing countries, China, with a CAGR of +15.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average rosin and resin acids import price stood at $2,265 per ton in 2022, rising by 18% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 30%. Over the period under review, average import prices attained the peak figure at $2,559 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Canada ($2,581 per ton) and Turkey ($2,570 per ton), while China ($1,733 per ton) and Portugal ($1,752 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.1%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Rosin And Resin Acids And Derivatives
After two years of growth, shipments abroad of rosin and resin acids and derivatives decreased by -11.3% to 767K tons in 2022. Overall, exports continue to indicate a mild slump. The growth pace was the most rapid in 2021 when exports increased by 15%. The global exports peaked at 899K tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.
In value terms, rosin and resin acids exports expanded modestly to $1.7B in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 46%. The global exports peaked at $2B in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.
Exports By Country
In 2022, Indonesia (98K tons), Brazil (93K tons), China (84K tons), Portugal (69K tons), the United States (64K tons), Vietnam (54K tons), Belgium (49K tons), Finland (45K tons), the Netherlands (34K tons), Sweden (34K tons) and France (27K tons) represented the main exporter of rosin and resin acids and derivatives in the world, making up 85% of total export.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of +13.4%), while the other global leaders experienced more modest paces of growth.
In value terms, China ($213M), Portugal ($187M) and Brazil ($175M) appeared to be the countries with the highest levels of exports in 2022, with a combined 34% share of global exports. The United States, Indonesia, Belgium, Vietnam, the Netherlands, Finland, Sweden and France lagged somewhat behind, together comprising a further 49%.
Vietnam, with a CAGR of +13.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
In 2022, the average rosin and resin acids export price amounted to $2,184 per ton, growing by 15% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 27%. Over the period under review, the average export prices attained the peak figure at $2,482 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($2,906 per ton), while Indonesia ($1,405 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for rosin and resin acids. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20147150 - Rosin and resin acids, and derivatives, rosin spirit and oils, r un gums
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
In value terms, rosin and resin acids and derivatives thereof imports amounted to $X in 2016. In general, rosin and resin acids and derivatives thereof imports continue to indicate a relatively fla...
In value terms, rosin and resin acids and derivatives thereof exports totaled $X in 2016. Overall, it indicated a slight growth from 2007 to 2016: the total exports value decreased at an average an...