Price for Rosin and Resin Acids in Uganda - 2021

Contents:

1. Price for Rosin and Resin Acids in Uganda (CIF) - 2022
2. Price for Rosin and Resin Acids in Uganda (FOB) - 2022
3. Imports of Rosin and Resin Acids in Uganda
4. Exports of Rosin and Resin Acids in Uganda

Price for Rosin and Resin Acids in Uganda (CIF) - 2022

The average rosin and resin acids import price stood at $3,524 per ton in 2022, jumping by 25% against the previous year. In general, the import price continues to indicate modest growth. The growth pace was the most rapid in 2013 an increase of 41% against the previous year. As a result, import price attained the peak level of $4,432 per ton. From 2014 to 2022, the average 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 Kenya ($4,316 per ton), while the price for the United Arab Emirates ($741 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Rosin and Resin Acids in Uganda (FOB) - 2022

In 2022, the average rosin and resin acids export price amounted to $928 per ton, picking up by 32% against the previous year. Over the period under review, the export price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2020 an increase of 41%. Over the period under review, the average export prices hit record highs at $2,311 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($1,123 per ton), while the average price for exports to Rwanda ($500 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 Burundi (-11.1%).

Imports of Rosin and Resin Acids in Uganda

For the fourth year in a row, Uganda recorded growth in purchases abroad of rosin and resin acidses, which increased by 5.1% to 11 tons in 2022. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 69%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, rosin and resin acids imports surged to $39K in 2022. Overall, imports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 137% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Rosin and Resin Acids to Uganda in 2022:

1. Kenya (7.3 tons)
2. India (2.1 tons)
3. United Arab Emirates (0.9 tons)
4. China (0.7 tons)

Exports of Rosin and Resin Acids in Uganda

After three years of growth, shipments abroad of rosin and resin acidses decreased by -9.2% to 321 tons in 2022. Overall, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 155%. As a result, the exports attained the peak of 353 tons, and then dropped in the following year.

In value terms, rosin and resin acids exports surged to $298K in 2022. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 258% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Rosin and Resin Acids from Uganda in 2022:

1. China (296.4 tons)
2. Turkey (22.1 tons)
3. Burundi (0.1 tons)

Source: IndexBox Market Intelligence Platform