United Arab Emirates: Market for Rosin And Resin Acids And Derivatives 2024

Market Size for Rosin And Resin Acids And Derivatives in the United Arab Emirates

The rosin and resin acids market in the United Arab Emirates contracted to $X in 2022, with a decrease of X% against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Rosin And Resin Acids And Derivatives in the United Arab Emirates

In value terms, rosin and resin acids production skyrocketed to $X in 2022 estimated in export price. In general, production, however, showed a perceptible downturn. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Rosin and resin acids production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Rosin And Resin Acids And Derivatives

Exports from the United Arab Emirates

Rosin and resin acids exports from the United Arab Emirates contracted dramatically to X tons in 2022, waning by X% against 2021. Over the period under review, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, rosin and resin acids exports skyrocketed to $X in 2022. Overall, exports faced a deep slump. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons), Iran (X tons) and Somalia (X tons) were the main destinations of rosin and resin acids exports from the United Arab Emirates, with a combined X% share of total exports. Syrian Arab Republic, Mauritius, Jordan, Oman, Kuwait, Tunisia and Bahrain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual growth rate of value to Iran amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Oman (X% per year).

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, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

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 Oman ($X per ton), while the average price for exports to Tunisia ($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 Iran (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 United Arab Emirates

In 2022, supplies from abroad of rosin and resin acids and derivatives decreased by X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, posted resilient growth. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, rosin and resin acids imports fell markedly to $X in 2022. Overall, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia (X tons), China (X tons) and Saudi Arabia (X tons) were the main suppliers of rosin and resin acids imports to the United Arab Emirates, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest rosin and resin acids suppliers to the United Arab Emirates were China ($X), Indonesia ($X) and Portugal ($X), with a combined X% share of total imports.

Indonesia, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average rosin and resin acids import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Portugal ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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