Southern Asia: Market for Rosin And Resin Acids And Derivatives 2024

Market Size for Rosin And Resin Acids And Derivatives in Southern Asia

After five years of growth, the South Asian rosin and resin acids market decreased by X% to $X in 2022. In general, consumption recorded a noticeable reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Rosin And Resin Acids And Derivatives in Southern Asia

In value terms, rosin and resin acids production totaled $X in 2022 estimated in export price. Overall, production saw a noticeable contraction. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Rosin And Resin Acids And Derivatives

Exports in Southern Asia

In 2022, overseas shipments of rosin and resin acids and derivatives increased by X% to X tons, rising for the second consecutive year after four years of decline. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, rosin and resin acids exports soared to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Nepal represented the largest exporter of rosin and resin acids and derivatives in Southern Asia, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by India (X tons), committing a X% share of total exports.

Exports from Nepal decreased at an average annual rate of X% from 2012 to 2022. India experienced a relatively flat trend pattern. While the share of India (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Nepal (X p.p.) displayed negative dynamics.

In value terms, the largest rosin and resin acids supplying countries in Southern Asia were Nepal ($X) and India ($X).

Among the main exporting countries, Nepal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Nepal amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (X%).

Imports of Rosin And Resin Acids And Derivatives

Imports in Southern Asia

In 2022, approx. X tons of rosin and resin acids and derivatives were imported in Southern Asia; dropping by X% on the previous year's figure. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then reduced in the following year.

In value terms, rosin and resin acids imports amounted to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

India dominates imports structure, reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Pakistan (X tons), mixing up a X% share of total imports.

India experienced a relatively flat trend pattern with regard to volume of imports of rosin and resin acids and derivatives. At the same time, Pakistan (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Pakistan increased by X percentage points.

In value terms, India ($X) constitutes the largest market for imported rosin and resin acids and derivatives in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Pakistan ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in India was relatively modest.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Pakistan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%).

Source: IndexBox Platform

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