In 2023, China's import share of rosin and resin acids led globally, followed by Portugal and India. Significant year-on-year growth was noted in China, Lithuania, El Salvador, Qatar, and Mauritius. Conversely, Japan, Germany, and France saw a substantial decline. The industry has experienced an average annual fluctuation in imports, attributed to macroeconomic factors and regional market demands. Portugal and India emerged as key players in maintaining stable import shares through moderate growth.
For future trends, anticipate China and India to continue expansion due to growing industrial applications. Monitoring the supply chains and geopolitical influences will be critical in understanding future shifts in import dynamics.
Top countries in Import of Rosin and Resin Acids Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 20.2 | 2023 | +5.03% | +5.2% | View data |
| 2 | 2 Portugal | 14.54 | 2023 | +1.67% | +1.4% | View data |
| 3 | 3 India | 11.58 | 2023 | +0.47% | +2.03% | View data |
| 4 | 4 Japan | 7.05 | 2023 | -5.98% | -7.74% | View data |
| 5 | 5 Germany | 6.04 | 2023 | -3.98% | -5.17% | View data |
| 6 | 6 South Korea | 5.91 | 2023 | -1.94% | -0.76% | View data |
| 7 | 7 Belgium | 4.93 | 2023 | -3.87% | -3.14% | View data |
| 8 | 8 Spain | 4.06 | 2023 | -1.75% | +1.5% | View data |
| 9 | 9 United States | 3.07 | 2023 | -3.4% | -2.49% | View data |
| 10 | 10 Netherlands | 2.47 | 2023 | -12.95% | -12.2% | View data |
