Czech Republic: Market for Rosin And Resin Acids And Derivatives 2024

Market Size for Rosin And Resin Acids And Derivatives in the Czech Republic

The Czech rosin and resin acids market soared to $X in 2022, growing by X% 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). Overall, consumption saw a slight decrease. Rosin and resin acids consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Rosin And Resin Acids And Derivatives

Exports from the Czech Republic

In 2022, shipments abroad of rosin and resin acids and derivatives was finally on the rise to reach X tons after four years of decline. Over the period under review, exports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, rosin and resin acids exports dropped to $X in 2022. Overall, exports, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X tons) was the main destination for rosin and resin acids exports from the Czech Republic, accounting for a X% share of total exports. Moreover, rosin and resin acids exports to Slovakia exceeded the volume sent to the second major destination, Serbia (X tons), threefold. Austria (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Slovakia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and Austria (X% per year).

In value terms, Slovakia ($X) emerged as the key foreign market for rosin and resin acids and derivatives exports from the Czech Republic, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Serbia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Slovakia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Serbia (X% per year).

Export Prices by Country

The average rosin and resin acids export price stood at $X per ton in 2022, declining by X% against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2016 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Hungary ($X 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rosin And Resin Acids And Derivatives

Imports into the Czech Republic

After two years of growth, overseas purchases of rosin and resin acids and derivatives decreased by X% to X tons in 2022. Over the period under review, imports showed a pronounced downturn. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, rosin and resin acids imports surged to $X in 2022. In general, imports recorded a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of rosin and resin acids to the Czech Republic, with a X% share of total imports. Moreover, rosin and resin acids imports from Poland exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was taken by Belgium (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Belgium (X% per year).

In value terms, Poland ($X), the Netherlands ($X) and Belgium ($X) constituted the largest rosin and resin acids suppliers to the Czech Republic, with a combined X% share of total imports.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average rosin and resin acids import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% 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 import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Belgium ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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