HS Code:
Rosin and resin acids, classified under HS Code 3806, are natural or modified products derived from pine trees and other coniferous plants. Rosin is primarily used in adhesives, printing inks, rubber compounds, and as a soldering flux, while resin acids serve as intermediates in the production of chemicals, coatings, and other industrial applications. This category also includes derivatives such as salts, esters, and other compounds of rosin and resin acids. The global trade of these products is driven by demand in industries like construction, automotive, and packaging, with significant production tied to regions with abundant forestry resources.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 350 million
29.2% of total trade of total trade
Increasing
USD 200 million
16.7% of total trade of total trade
Stable
USD 150 million
12.5% of total trade of total trade
Increasing
USD 100 million
8.3% of total trade of total trade
Increasing
USD 80 million
6.7% of total trade of total trade
Stable
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-USMCA or within ASEAN)
Rising demand for bio-based adhesives
Increased trade volume as industries shift towards sustainable materials, boosting rosin use in adhesives and coatings
2021-2023
Fluctuations in raw material supply due to climate change
Disruptions in pine resin availability in key producing regions, leading to price volatility and supply chain challenges
2020-2022
Growth in Asia-Pacific markets
Higher demand from emerging economies like India and Vietnam for industrial applications, driving export growth from China and Indonesia
2019-2023
The European Union introduced stricter regulations on the sourcing of rosin and resin acids, requiring certification of sustainable forestry practices for imports starting in 2023.
January 2023
Increased compliance costs for exporters, particularly from non-EU countries, but also potential market growth for certified sustainable products
A new phase of the US-China trade agreement reduced tariffs on rosin and resin acid derivatives, facilitating smoother trade flows between the two largest players in the market.
March 2022
Boosted export volumes from China to the US, stabilizing prices in the North American market
Brazil reported a 15% increase in rosin exports due to favorable weather conditions and investments in pine resin extraction infrastructure.
July 2022
Strengthened Brazil's position as a key supplier, especially to European and Asian markets, increasing competition with China