Gum Rosin Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Gum Rosin in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Gum Rosin Price Trend for the October - December of 2023

Asia

After stumbling throughout the fourth quarter of 2023, the gum rosin prices eventually declined as the year and quarter approached its end. It was anticipated that the seasonal fluctuations would benefit the gum rosin market, but the abundance of harvest surpassed the demand from the downstream pharmaceutical and food sectors. Along with the domestic players, the rate of procurement from the overseas industries also remained muted during most of the part of the quarter and thus resulted in the southward movement of gum rosin prices.

Gum Rosin Price Chart

Gum Rosin Price Trends and Forecast

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Europe

Europe is one of the major importers of gum rosin raw materials, for whom the fourth quarter did not yield any favorable results. The decline in the prices of gum rosin can also be attributed to the weak dynamics of the market and the lack of confidence of consumers in the market.

The downstream pharmaceutical and food & beverage industries also struggled with their internal losses as the adverse of prolonged inflation and excessive supply led to a downturn in market momentum and eventually pushed the gum rosin into a downward spiral.

North America

The scenario of gum rosin price trend in North America was similar to what was observed in the Asian and European markets. The regional demand also fell short in front of the rising level of inventories.

Along with Europe, the US is also a major importer of gum rosin and its raw materials, but in the last quarter, the import volumes had to be adjusted in accordance with the momentum of downstream industries, which eventually did not work in favor of the trading sector and thus led to the downward movement of gum rosin price trend.

Analyst Insight

According to Procurement Resource, the price trend of Gum Rosin are expected to struggle as there are minimal to no signs of revival of downstream pharmaceutical and food sector procurement rates for gum rosin and related products.

Gum Rosin Price trend for the July-September of 2023

Asia

The price trend for gum rosin registered a downward trajectory in the Asia-Pacific region during the third quarter of 2023. China still struggled to revive its manufacturing to the pre-covid levels, which was further affected by the geopolitical conflicts hampering international trade. The high inflation levels affected the purchasing capacities of the market players.

The lowering demands reflected the skeptical attitude of the buyers deeply impacted the price trend of gum rosin. Moreover, the weak demands posed by the downstream paints, coating, and adhesives sectors were being easily catered via the present inventories. Hence, the price graph of gum rosin witnessed decreased activity throughout Q3’23.

Europe

In line with its Asian counterpart, the price trend for gum rosin declined in the European regional markets. The reduced demands, coupled with overflowing inventories, caused the price graph of gum rosin to move southwards. The geopolitical conflicts in its backyard resulted in an economic backlash in the European region.

The runaway inflation, coupled with the necessary centric purchasing activities of the consumers, disrupted the market fundamentals drastically. Though some respite was seen in the market with the opening of alternative trade routes, the influx of cheap goods from China caused the suppliers to indulge in unhealthy competition, causing the price trend to dwindle further.

North America

The North American market mimicked the global trend in the gum rosin market during the discussed period. The overstocked inventories amid falling downstream demands affected the pricing fundamentals of the market. Further, the weak demands from the struggling European and Asian markets added to the downward movement of gum rosin prices. Even the maintenance shutdowns leading to output cuts did not have any affect as the inventories were well overstocked and easily catered towards any feeble demand posed.

Analyst Insight

According to Procurement Resource, the price trend of Gum Rosin are likely to remain oscillating in the coming months, given the current uncertainties in the downstream demands and global economy.

Gum Rosin Price Trend for the First Half of 2023

Asia

Gum rosin prices fluctuated in the first and second quarters of 2023 as the Asian market suffered from the problem of oversupply. In the first quarter, manufacturers were forced to cut down their operation rates due to the weak purchasing potential of buyers. In addition, the building pressure from the hiking interest rates and slow movement of the gum rosin market in both domestic and international sectors hampered the price trend.

In addition to this, the second quarter also suffered from the hike in feedstock prices along with the constriction in manufacturing activities due to labor strikes. The downstream market in this quarter also failed to produce adequate demand to support the prices, and as a result, the price trend of gum rosin fell southwards.

Europe

A stable and stagnant trend in gum rosin prices was observed in the first quarter of 2023 in the European market. The prices in this quarter were supported by the demand from the end-user industries. In addition to this, sufficient availability of inventories and imports from the Asian region helped to balance the rising demand.

However, the second quarter did not fall into these steps as the hike in the level of inventories caused overstocking of the product and thus negatively impacted the price trend of gum rosin. The demand from downstream industries also slowed down due to weak market conditions, which eventually led the price trend of gum rosin to fall down.

North America

The North American market of gum rosin showcased mixed sentiments in the first and second quarters of 2023. The weak movement of paints and coatings, adhesives, and related industries led to the downfall of the prices.

There was some slight improvement in the end months of the first quarter and initial months of the second quarter due to an increased interest of buyers, but this trend could not sustain for long as prices declined again. The automotive and construction sector saw a major reduction in demand in this quarter. Along with this, the labor strikes and shutting down of ports, and a significant rise in the level of inventories, caused the price trend of gum rosin to fall further.

Analyst Insight

According to Procurement Resource, Gum rosin prices are estimated to showcase a declining trajectory as the market sentiments of the downstream industries seem weak.

Procurement Resource provides latest prices of Gum Rosin. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About

Gum rosins or colophony are natural resins obtained primarily from pine trees. It is a solid, translucent with glassy appearance that is processed through distillation. They are widely employed in adhesives, paints, coatings, inks, rubber, paper sizing, electrical insulation, soap, and other related industries. Its adhesive and solubility properties make it a valuable raw material in these applications.

Product Details

Report Features Details
Product Name Gum Rosin
Industrial Uses Adhesives and sealants, Soap and detergents, Rosin core solder, Musical instruments, Paper and packaging
HS Code 38061010
CAS Number 8050-09-7
Supplier Database Harima Chemicals Group, GUM CHEMICAL SOLUTIONS, Forestar Chemical Co Ltd, GUILIN SONGQUAN FOREST CHEMICAL CO LTD, CV. INDONESIA PINUS, Floripinus Chemical Industries
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

In distillation, the first step involves the collection of crude gum and then rosin is separated from turpentine by heating. This is followed by purification for the removal of impurities after which the final product is obtained.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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