Sudan: Market for Rosin And Resin Acids And Derivatives 2024

Market Size for Rosin And Resin Acids And Derivatives in Sudan

The Sudanese rosin and resin acids market contracted to $X in 2022, waning by X% against the previous year. Over the period under review, consumption continues to indicate a noticeable reduction. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Rosin And Resin Acids And Derivatives in Sudan

In value terms, rosin and resin acids production declined to $X in 2022 estimated in export price. Overall, production showed a perceptible reduction. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Rosin and resin acids production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Rosin And Resin Acids And Derivatives

Exports from Sudan

In 2022, overseas shipments of rosin and resin acids and derivatives decreased by X% to X tons, falling for the fifth consecutive year after six years of growth. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, rosin and resin acids exports stood at $X in 2022. Over the period under review, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for rosin and resin acids exports from Sudan, accounting for a X% share of total exports. It was followed by the United Arab Emirates (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia stood at X%.

In value terms, Saudi Arabia ($X) remains the key foreign market for rosin and resin acids and derivatives exports from Sudan, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to X%.

Export Prices by Country

In 2022, the average rosin and resin acids export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Saudi Arabia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%).

Imports of Rosin And Resin Acids And Derivatives

Imports into Sudan

For the third consecutive year, Sudan recorded growth in purchases abroad of rosin and resin acids and derivatives, which increased by X% to X tons in 2022. Over the period under review, imports recorded a strong expansion. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, rosin and resin acids imports stood at $X in 2022. Overall, imports posted a strong increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of rosin and resin acids to Sudan, with a X% share of total imports. Moreover, rosin and resin acids imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Egypt (X tons), twofold. The third position in this ranking was taken by Saudi Arabia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Saudi Arabia (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of rosin and resin acids and derivatives to Sudan, comprising X% of total imports. The second position in the ranking was held by Bulgaria ($X), with a X% share of total imports. It was followed by Egypt, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and Egypt (X% per year).

Import Prices by Country

The average rosin and resin acids import price stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, import price indicated a mild expansion 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 2018 indices. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The import price peaked at $X per ton in 2021, and then shrank modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bulgaria ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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