United Kingdom: Market for Rosin And Resin Acids And Derivatives 2024

Market Size for Rosin And Resin Acids And Derivatives in the UK

In 2022, the UK rosin and resin acids market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption saw a pronounced contraction. Rosin and resin acids consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Rosin And Resin Acids And Derivatives in the UK

In value terms, rosin and resin acids production reached $X in 2022 estimated in export price. In general, production enjoyed significant growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. Rosin and resin acids production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Rosin And Resin Acids And Derivatives

Exports from the UK

In 2022, shipments abroad of rosin and resin acids and derivatives was finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. Overall, exports, however, saw a sharp curtailment. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, rosin and resin acids exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a abrupt decline. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of rosin and resin acids exports from the UK, together accounting for X% of total exports.

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

In value terms, Israel ($X) emerged as the key foreign market for rosin and resin acids and derivatives exports from the UK, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with an X% share of total exports. It was followed by the United States, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Israel amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and the United States (X% per year).

Export Prices by Country

The average rosin and resin acids export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price showed a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Israel ($X per ton), while the average price for exports to Germany ($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 Israel (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 UK

Rosin and resin acids imports into the UK dropped notably to X tons in 2022, falling by X% compared with 2021 figures. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure 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 amounted to $X in 2022. In general, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X tons), the Netherlands (X tons) and Portugal (X tons) were the main suppliers of rosin and resin acids imports to the UK, with a combined X% share of total imports. Finland, the United States, Brazil, Germany, France, Belgium, China, Italy and Spain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the United States (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 UK were Portugal ($X), Sweden ($X) and the Netherlands ($X), together comprising X% of total imports. Finland, the United States, China, Brazil, France, Belgium, Germany, Italy and Spain lagged somewhat behind, together comprising a further X%.

The United States, 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, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. 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 China ($X per ton), while the price for Finland ($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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