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Chinese Gum Rosin Market Annual Report 2016

Chinese Gum Rosin Market Annual Report 2016

  • March 2017
  • 32 pages
  • ID: 5168552
  • Format: PDF
  • By Sublime China Information

Summary

Table of Contents

The Chinese gum rosin market presented to be lukewarm on the whole in 2016. The gum rosin production scale and output continued to shrink in China, while those in foreign countries showed an uptrend. The supply-demand was seriously imbalanced in China this year.

Though the gum rosin output shrank, the demand also moved lower, and low-priced resources from foreign countries worsened the oversupply situation in China. In 2016, Chinese gum rosin prices opened high and then dropped to a new low of recent years. Gum rosin producers suffered losses during the production season, and till Q4, 2016, the situation changed somewhat. In general, only a few producers could gain profits in 2016. A few gum rosin producers were inclined to stay out of the market given continuous losses in recent years. The gum rosin production scale in China may be reduced further in the future.

China was still the world’s largest gum rosin producer and exporter, even though the gum rosin output in China kept decreasing in recent years. Chinese gum rosin output was 440.6kt or so in 2016, down obviously from 2015. Indonesia, Brazil and Vietnam were China’s major gum rosin import origins. In 2016, China imported 41,197.29mt of gum rosin from these three countries mentioned above. The export volume in 2016 was around 67.8kt, down 20.51% from 2015. How will the Chinese gum rosin supply-demand develop in the future? You will have an answer in this report.

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