We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
U.S. - Rosin And Resin Acids And Derivatives - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

U.S. - Rosin And Resin Acids And Derivatives - Market Analysis, Forecast, Size, Trends And Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing
May 13, 2023

U.S. Rosin and Resin Acids Price Drops to $2,338 per Ton

U.S. Rosin And Resin Acids Export Price in March 2023

In March 2023, the rosin and resin acids price amounted to $2,338 per ton (FOB, US), which is down by -8.2% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 32% against the previous month. As a result, the export price attained the peak level of $2,997 per ton. From January 2023 to March 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In March 2023, the country with the highest price was Japan ($3,089 per ton), while the average price for exports to Thailand ($981 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

COUNTRYExport Price of Rosin And Resin Acids in U.S. (USD per ton)
Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023
Japan2,3651,9991,6622,2551,9841,5562,5082,0429904,5761,8801,8693,089
South Korea2,1012,0112,2481,9392,5182,0662,3212,3942,1793,8092,9002,2812,728
Mexico2,3012,2712,5212,6232,5372,7862,8972,7302,4383,1052,6342,5942,696
Malaysia1,9762,1842,9061,7642,0992,1622,4001,6002,8702,7663,0841,7922,539
Colombia1,9152,1652,1232,0542,3812,1732,6552,3482,7424,6042,6982,7362,451
Belgium1,2571,3911,3001,5581,5792,2202,8112,3942,0642,1441,5933,7762,390
Canada2,1972,0152,4112,4722,3452,2852,3202,4962,1882,3712,1412,4762,155
China1,6741,8681,6671,7621,9424,2862,8082,0231,9282,6041,5772,1892,134
India1,6472,3951,7751,4421,8573,1452,3953,0852,4962,6881,8761,6921,879
Brazil2,3733,6041,5132,8193,3174,1842,7462,7843,6293,6901,7781,7901,513
United Kingdom1,5451,6291,1712,5421,6931,5608,2808,7102,0282,1222,8322,1421,423
Thailand3,3919,5316,607N/A9921,6269041,2961,992N/A1,04711,859981
Average2,1182,1672,2172,4182,4042,5382,7322,6262,2772,9972,4702,5462,338

U.S. Rosin And Resin Acids Exports

In March 2023, exports of rosin and resin acids and derivatives from the United States surged to 5.7K tons, increasing by 37% compared with the previous month. Over the period under review, exports, however, continue to indicate a mild setback. The pace of growth was the most pronounced in January 2023 with an increase of 92% against the previous month.

In value terms, rosin and resin acids exports soared to $13M (IndexBox estimates) in March 2023. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when exports increased by 58% against the previous month.

U.S. Rosin And Resin Acids Exports by Country

Canada (1.6K tons) was the main destination for rosin and resin acids exports from the United States, accounting for a 29% share of total exports. Moreover, rosin and resin acids exports to Canada exceeded the volume sent to the second major destination, China (774 tons), twofold. Mexico (720 tons) ranked third in terms of total exports with a 13% share.

From March 2022 to March 2023, the average monthly growth rate of volume to Canada totaled -2.3%. Exports to the other major destinations recorded the following average monthly rates of exports growth: China (-2.7% per month) and Mexico (-1.9% per month).

In value terms, Canada ($3.5M), Mexico ($1.9M) and China ($1.7M) were the largest markets for rosin and resin acids exported from the United States worldwide, with a combined 53% share of total exports. These countries were followed by Belgium, India, Thailand, Japan, Colombia, Brazil, Malaysia, the UK and South Korea, which together accounted for a further 30%.

Thailand, with a CAGR of +15.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for rosin and resin acids in the U.S.. 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:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 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. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

Recommended posts

Free Data: Rosin And Resin Acids And Derivatives - United States
Table
Rosin And Resin Acids And Derivatives - United States - Table
Dashboard
Rosin And Resin Acids And Derivatives - United States - Dashboard
Report
Rosin And Resin Acids And Derivatives - United States - Report