For the Quarter Ending September 2025
APAC
• In Japan, the Gum Rosin Price Index rose by 3.9% quarter-over-quarter, supported by regional exporters.
• The average Gum Rosin price for the quarter was USD 1339.33/MT, reflecting stable import costs.
• Exporter offer strength kept the Gum Rosin Spot Price elevated, while Japanese buyers maintained procurement.
• Gum Rosin Price Forecast indicates upward momentum as feedstock constraints and seasonal buying affect supply.
• Gum Rosin Production Cost Trend showed limited pass-through, with freight easing offset by exporter margins.
• Gum Rosin Demand Outlook remains subdued in paints and coatings, supporting balanced inventories throughout quarter.
• Inventory levels and import arrivals kept the Gum Rosin Price Index stable despite seasonal procurement.
• Market participants expect buying before year-end, influencing offers and liquidity in the Gum Rosin market.
Why did the price of Gum Rosin change in September 2025 in APAC?
• Import-dependent supply and firm exporter offers tightened landed costs, lifting net price support in September.
• Freight reductions partially offset costs, but exporter margin increases prevented meaningful pass-through to buyers overall.
• Balanced domestic demand and timely imports kept inventories adequate, limiting volatility despite seasonal buying patterns.
North America
• In the United States, the Gum Rosin Price Index rose quarter-over-quarter, driven by steady import offers and cautious downstream buying.
• The average Gum Rosin price for the quarter reflected depot-level and landed costs from key exporters.
• Gum Rosin Spot Price remained firm as buyers maintained procurement to secure supplies ahead of seasonal demand.
• Gum Rosin Production Cost Trend showed limited pass-through from feedstock, with freight easing partially offset by exporter margin adjustments.
• Gum Rosin Demand Outlook remained moderate, supported by paints, adhesives, and coatings sectors, with inventories managed carefully.
• Gum Rosin Price Forecast indicates mild upside potential as seasonal buying and tight upstream allocations influence offers.
• Suppliers maintained disciplined inventory management, balancing import flows with domestic consumption to prevent volatility.
• Logistics normalization helped maintain consistent supply, supporting smooth market operations.
Why did the price of Gum Rosin change in September 2025 in the USA?
• Firm exporter offers, and steady seasonal buying lifted landed costs, supporting modest price gains.
South America
• In Brazil, the Gum Rosin Price Index rose by 2.6% quarter-over-quarter, driven by export momentum.
• The average Gum Rosin price for the quarter was approximately USD 1163.33/MT, per FOB Santos.
• Gum Rosin Spot Price availability tightened as conservative inventory strategies limited immediate spot shipment volumes.
• Gum Rosin Price Forecast expects modest upside from steady exports and seasonal tapping variability ahead.
• Gum Rosin Production Cost Trend remained contained as feedstock and freight costs showed minimal pressure.
• Gum Rosin Demand Outlook stayed moderate with paints and adhesives sustaining off-take despite weak construction.
• Balanced upstream flow and consistent export orders kept the Gum Rosin Price Index largely stable.
• Producers maintained cautious inventories while exporters leveraged China and Portugal demand, sustaining firm FOB offers.
Why did the price of Gum Rosin change in September 2025 in South America?
• Improved export inquiries from China and Portugal strengthened demand, offsetting otherwise muted domestic consumption levels.
• Stable freight and absence of raw material shocks kept production costs contained, limiting price pressure.
• Conservative inventory management and seasonal tapping patterns tightened spot availability, supporting firm FOB Santos offers.
Europe
• In Germany, the Gum Rosin Price Index increased quarter-over-quarter, supported by import-dependent supply and steady demand from adhesives and coatings sectors.
• The average Gum Rosin price reflected land costs from major exporters and depot-level inventory adjustments.
• Gum Rosin Spot Price firmed slightly as distributors replenished inventories for Q4 production cycles.
• Gum Rosin Production Cost Trend remained contained, with minimal feedstock cost changes and stable freight conditions.
• Gum Rosin Demand Outlook stayed moderate, with paints, adhesives, and specialty coatings maintaining steady offtake.
• Gum Rosin Price Forecast indicates continued mild upward momentum, influenced by seasonal restocking and limited upstream availability.
• European suppliers maintained balanced production and import allocations, preventing excessive stock accumulation.
• Port arrivals and logistics timing supported smooth distribution, limiting volatility while supporting stable offers.
Why did the price of Gum Rosin change in September 2025 in Europe?
• Consistent imports, moderate downstream demand, and disciplined supplier allocations supported slight price gains.
For the Quarter Ending June 2025
North America
• Gum Rosin Price Index in North America, closed almost exactly USD 1220/MT, meaning quarterly growth of approximately 1.2% quarter-over-quarter for Q2 2025. The indices signalled stability in pricing and some moderate recovery of downstream consumption primarily from adhesives and ink manufacturing.
• Some drivers were stability of broader industrial demand and mild improvement in packaging related demand; however, weak construction was the limiting factor of stronger movements in pricing. Supply remained relatively steady, near balance, with domestic output remaining essentially flat & imports well controlled.
• Why did the price of Gum Rosin change in July 2025?
Prices declined slightly in early July due to muted spot buying activity from key sectors and a temporary dip in orders following fiscal quarter-end restocking in June.
• Logistics remained consistent, although delays in East Coast terminals caused minor delivery disruptions during May. Freight costs remained stable, with no major bottlenecks impacting pricing.
• The Gum Rosin Demand Outlook for Q3 2025 remains cautiously optimistic, led by seasonal uptick in adhesives and inks, though persistent uncertainty in construction and consumer goods may temper growth.
• The Gum Rosin Production Cost Trend was steady, with moderate resin tapping expenses and stable labour inputs. However, producers faced narrowing margins amid stiff international pricing pressure.
• The Gum Rosin Price Forecast for Q3 indicates stable-to-soft movement, with prices expected to hover around current levels barring any sudden shifts in global demand or shipping costs
Europe
• In Europe, the Gum Rosin Price Index rose modestly by about 0.8% in Q2 2025, with CFR Rotterdam values averaging USD 1260/MT by end-June. Pricing remained largely stable amid controlled imports and slow but steady consumption from the coatings and rubber industries.
• Demand-side influences were mixed, with flat automotive production and conservative purchasing from industrial coatings sectors. Regulatory tailwinds on bio-based resins offered some support to sentiment.
• Why did the price of Gum Rosin change in July 2025?
A mild decrease in early July was noted as procurement slowed, especially in southern Europe, where stockpiles were adequate post-Q2 restocking. No aggressive price movement was seen as demand stayed muted.
• Regional variation included softer spot demand in Spain and Italy, while Germany and The Netherlands saw steadier offtake due to packaging and printing demand.
• Inventory levels remained manageable with no significant stockpile accumulation. The sentiment was conservative as end-users awaited clearer macroeconomic cues before placing bulk orders.
• On the cost side, the Gum Rosin Production Cost Trend showed mild increases driven by freight surcharges and raw material levies, but no local production disruptions were recorded.
• The Gum Rosin Demand Outlook for Q3 2025 appears stable but unenthusiastic, with no major drivers expected to drastically shift consumption trends.
• The Gum Rosin Price Forecast points to a flat-to-slightly downward trajectory as buyers continue to avoid overstocking and demand from construction and printing sectors plateaus.
APAC
• The Gum Rosin Price Index in APAC experienced a mixed trend during Q2 2025. Prices fell by 7.0% in April, rose by 1.3% in May, and remained flat in June. On an FOB Tanjung basis (Indonesia), prices closed at USD 1150/MT, reflecting a net quarterly decline of approximately 2.3% versus Q1.
• Price movements were largely driven by shifting international demand and export dynamics. In April, low downstream demand in Indonesia, particularly from paints and coatings, drove down prices. In contrast, tightening global availability and strong Asian import demand lifted prices in May.
• Why did the price of Gum Rosin change in July 2025?
Early indicators from July point to flat pricing, as both supply and demand stayed balanced. No major disruptions or surges were recorded, and the market maintained a stable tone.
• Risks of oversupply diminished as Indonesian producers adjusted operations in April to match sluggish local consumption. By June, production aligned with steady export demand from China and India, keeping Gum Rosin Spot Price steady.
• Stable international logistics and controlled inventories contributed to limited spot price volatility. However, port congestion in Indonesia during June mildly delayed shipments.
• The Gum Rosin Production Cost Trend in APAC remained manageable, with consistent tapping conditions and only modest rises in labour and energy expenses, helping producers maintain stable margins.
• The Gum Rosin Demand Outlook for Q3 2025 appears balanced. While strong demand from China and India continues, muted domestic growth and monsoon-related slowdowns could temper regional consumption.
• The Gum Rosin Price Forecast for Q3 suggests a cautiously stable trend, with prices expected to remain in the range of USD 1140–1160/MT unless global demand conditions shift dramatically.
For the Quarter Ending March 2025
North America
In Q1 2025, gum rosin prices saw a consistent upward trend, driven by strong demand and tight supply conditions. The quarter began with an 8.7% price increase in January, supported by rising industrial activity, particularly in the adhesives, construction, and automotive sectors. However, supply struggled to keep pace with demand due to logistical disruptions and reduced availability of pine oleoresin, particularly in southern Brazil. These supply-side constraints, combined with rising raw material costs, contributed significantly to the price surge.
February continued the upward momentum with a 7.1% price increase. The strong demand from infrastructure projects and the automotive industry, along with continued supply chain challenges, kept prices elevated. Limited availability of pine oleoresin, port congestion, and rising production costs added further strain, pushing manufacturers to procure materials at higher prices. Despite these challenges, the market remained buoyed by steady demand, particularly in export markets.
By March, prices rose by an additional 3.3%, driven by firm export activity, particularly from China, and reduced domestic availability. The construction sector showed moderate recovery, and the automotive sector continued to experience steady growth. Supply constraints and strong export demand ensured that prices remained high, ending the quarter with continued upward pressure. Overall, Q1 2025 was characterized by tight supply and strong demand, leading to sustained price increases.
APAC
Gum rosin prices in Indonesia witnessed a consistent rise throughout Q1 2025, largely influenced by constrained supply and elevated input costs. The quarter began with a significant price jump of 5.5%, driven by reduced production, higher raw material expenses, and global freight challenges. Despite sluggish demand from adhesives, automotive, and construction sectors, the tight market conditions pushed prices upward. Lower domestic consumption was unable to offset these pressures, highlighting the dominance of supply-side factors.
The momentum continued into the following month with a 4.3% increase, supported by a modest rebound in demand from the adhesives and automotive industries. Although the construction sector remained weak, domestic manufacturing growth and heightened purchasing activity helped sustain the upward price movement. Manufacturers faced mounting cost pressures from rising input prices and inefficient supply chains, which kept the market environment tight and pricing firm.
Prices edged up another 1.7% toward the end of the quarter, driven mainly by limited raw material availability and environmental constraints affecting pine tapping. Even as downstream demand from PVC, paints, and coatings sectors softened, restricted supply remained the primary force behind price stability. The manufacturing sector’s continued expansion and pre-emptive inventory stocking reflected optimism but also highlighted the challenges of balancing demand fluctuations with persistent supply limitations.
Europe
In Q1 2025, gum rosin prices in Europe experienced a steady upward trend, influenced by supply-side constraints and sustained demand across key sectors. The quarter commenced with a notable price increase, driven by tightening supply conditions and rising raw material costs. Despite economic challenges, demand from industries such as adhesives, coatings, and construction remained robust, supporting the price surge.
Throughout the quarter, logistical disruptions and limited pine oleoresin availability continued to strain supply chains, contributing to elevated prices. Import prices reached their highest levels due to longer transit times and high shipping costs, exacerbated by global shipping challenges. These factors, coupled with reduced domestic production, kept the market tight and prices elevated.
Demand from downstream sectors remained steady, with the adhesives and coatings industries maintaining consistent procurement levels. However, the construction sector showed signs of cautious improvement, contributing to overall market stability. Looking ahead, while supply constraints may ease slightly, the combination of steady demand and ongoing logistical challenges suggests that gum rosin prices in Europe will remain elevated in the near term.
For the Quarter Ending December 2024
North America
In Q4 2024, the gum rosin market in North America showed a generally positive price trend. Prices began to recover in October, supported by increasing export demand, particularly from Europe and the US. Tightening supply conditions in China, including weather-related disruptions and logistical challenges, contributed to upward pressure on global prices, which impacted the North American market as well. This export-driven recovery helped maintain positive price momentum despite relatively weak domestic demand.
By the mid of quarter, however, the price growth began to slow. While international demand from Europe and the US remained robust, domestic consumption in North America continued to face challenges. Industries such as automotive, construction, and coatings were still feeling the effects of economic headwinds, which limited the domestic uptake of gum rosin. This subdued local demand, combined with easing supply-side constraints, led to a slight dip in prices.
By December, the market stabilized, with prices holding steady due to sustained export-driven growth. While domestic consumption remained weak, the ongoing recovery in international markets kept the North American gum rosin market relatively stable, concluding the quarter with only moderate price fluctuations.
APAC
In Q4 2024, the gum rosin market in the APAC region, particularly in China, experienced a mixed price trend. Prices saw a recovery in October, largely driven by tightening supply conditions. Adverse weather, such as monsoon leaf fall disease, and logistical disruptions at key ports created production bottlenecks, pushing prices higher despite sluggish domestic demand.
Export activity, especially to Europe and the US, provided additional support, helping offset the weak local consumption. By November, prices began to dip slightly. Domestic demand remained low due to persistent economic pressures, limiting growth in key industries like automotive and construction. While export demand continued to rise, it wasn’t enough to counterbalance the subdued local market. Improvements in supply conditions, including the easing of logistical bottlenecks, contributed to price stabilization, preventing further sharp increases.
By the end of the quarter, the market stabilized, with prices holding steady. Export-driven demand continued to provide support, even though domestic consumption remained constrained. Overall, the gum rosin market in Q4 2024 saw only slight price variations, with the rebound in global demand being a significant factor in keeping the market stable.
Europe
In Q4 2024, the gum rosin market in Europe continued to showcase increased price momentum, driven primarily by strong export demand and tightening global supply conditions. Prices began to rise in October, supported by robust international demand, particularly from the US, and supply disruptions in key producing regions like China. Adverse weather conditions and logistical bottlenecks in China contributed to production constraints, pushing up prices in Europe as global supply became more limited.
However, in November, the market experienced a slight dip in prices. While export demand remained steady, domestic consumption in Europe did not see significant improvement. The ongoing economic challenges in various sectors, including automotive and construction, kept demand levels subdued. Despite this, the overall international demand, especially from the US, continued to provide upward pressure on prices, preventing a sharp decline.
In the end of Q4, the European gum rosin market stabilized, with prices maintaining a steady level. The strong export-driven demand, particularly from the US, kept the market buoyant, ensuring that prices remained relatively stable despite the lackluster domestic consumption. The quarter concluded with moderate price fluctuations, largely influenced by international market dynamics.
