In 2024, China leads the global import of rosin and resin acids with a significant margin, followed by Portugal and India. Major importers like Japan and Germany have seen declines compared to the previous year, indicating shifting market dynamics. Noteworthy positive growth was observed in countries such as Lithuania and El Salvador with double-digit increases, while Saudi Arabia and Brazil experienced substantial declines. The variations reflect changes in industrial demand, economic conditions, and regional supply chain shifts over the past year.
Future trends to watch include:
- China's continued dominance and potential increases in demand driven by industrial expansion.
- Watch for recovery indices in declining markets like Japan and the United States that could indicate rejuvenation in those economies.
- Strong growth potentials in emerging markets like Qatar and Uganda which have shown remarkable increases in imports.
- Monitor global economic and geopolitical factors that can influence supply chains and trade relations.
Top countries in Import of Rosin and Resin Acids by Country
# | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 China | 108,610,000 | 2023 | +5.03% | +5.2% | View data |
2 | 2 Portugal | 78,199,000 | 2023 | +1.67% | +1.4% | View data |
3 | 3 India | 62,252,000 | 2023 | +0.47% | +2.03% | View data |
4 | 4 Japan | 37,892,000 | 2023 | -5.98% | -7.74% | View data |
5 | 5 Germany | 32,487,000 | 2023 | -3.98% | -5.17% | View data |
6 | 6 South Korea | 31,750,000 | 2023 | -1.94% | -0.76% | View data |
7 | 7 Belgium | 26,485,000 | 2023 | -3.87% | -3.14% | View data |
8 | 8 Spain | 21,848,000 | 2023 | -1.75% | +1.5% | View data |
9 | 9 United States | 16,533,000 | 2023 | -3.4% | -2.49% | View data |
10 | 10 Netherlands | 13,269,000 | 2023 | -12.95% | -12.2% | View data |