Gum Rosin Dynamics – 2017 (Page 2)

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1.- China Fast Disappearance From Global Gum Rosin Market

Alex CUNNINGHAM - alexcunn@gmail.com - January 2017

It was September 2015, we were in Fiji preparing our trip to Kyoto for the Pine Chemicals International Conference, reviewing some gum rosin export data from China and Brazil to present at the Gum Rosin Committee meeting, we observed that Brazil in the month of July 2015 had exported a slightly bigger volume of gum rosin than China [1]. This was a milestone, it never happened before and was pointing into a new direction for gum rosin global markets. We had been voicing about the development of a new dynamics for this market, but nevertheless, we had not foreseen the speed at which it has been developing.

Yes, the signals have been there for about a decade, but because the global financial crisis of 2008/9, the macro economy was shadowing the structural changes that the Chinese gum rosin business was suffering internally. Changescorrelatedd to an inefficient pine tapping technique, forest resources availability, and labor cost rise during that period.

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Footnotes:

[1] In July 2015, Brazil exported 6.539 tons of gum rosin at 1.659 USD/ton fob, and China exported 6.435 tons of gum rosin at 2.321 USD/ton fob.

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