For the Quarter Ending December 2025
APAC
• In Japan, the Gum Rosin Price Index rose by 3.78% quarter-over-quarter, reflecting cost and demand.
• The average Gum Rosin price for the quarter was approximately USD 1390.00/MT, per CFR Osaka basis.
• Gum Rosin Spot Price firmed in December as freight and energy cost pressures lifted offers.
• Gum Rosin Production Cost Trend rose due to higher energy and stumpage fees in origin countries.
• Gum Rosin Demand Outlook stayed stable, supported by adhesives, coatings, and specialty rubber sectors' procurement.
• Gum Rosin Price Forecast shows upside risk as logistics normalise and seasonal restocking supports buying.
• Gum Rosin Price Index recorded a quarterly gain, underpinned by tightened FOB offers and firmer costs.
• Inventory cover in Japanese bonded warehouses remained sufficient, limiting urgent procurement and tempering spot prices.
Why did the price of Gum Rosin change in December 2025 in APAC?
• Rising energy and freight costs increased landed import costs, translating into upward pressure on December prices.
• Improved regional trade flows and steady downstream procurement sustained demand, preventing price declines during the month.
• Stable supply from China, Vietnam, and Brazil, but higher production costs pushed FOB offers upward.
Europe
• In Europe, the Gum Rosin Market fell quarter-over-quarter, reflecting steady imports and subdued year-end buying.
• Average CFR Hamburg assessments for the quarter were approximately USD 1105.00/MT.
• Spot market activity remained muted amid competitive Asian offers and balanced distributor inventories.
• Market Forecast signals slight upside potential early next quarter, supported by export flows and seasonal restocking.
• Production Cost Trend increased modestly due to higher energy and logistics costs, though softened by efficient local throughput.
• Demand Outlook stayed steady across adhesives, coatings, and rubber, maintaining baseline market consumption.
• Price Index movements were tempered by normal operating rates, adequate stock levels, and cautious buyer activity.
• Logistics efficiency and moderate export volumes stabilized supply, preventing strong short-term market swings.
Why did the Gum Rosin market trend change in December 2025 in Europe?
• Competitive Asian imports and balanced regional inventories limited upward pressure on the market.
• Higher energy and freight costs raised production expenses, but an abundant supply constrained pass-through.
• Year-end procurement reductions and moderate downstream consumption tempered market momentum.
South America
• In Brazil, the Gum Rosin Price Index fell by 6.59% quarter-over-quarter, reflecting increased export volumes.
• The average Gum Rosin price for the quarter was approximately USD 1086.67/MT, reported by FOB Santos sources.
• Gum Rosin Spot Price suffered from cheaper Asian offers, prompting traders to accept margins to clear stocks.
• Gum Rosin Price Forecast shows modest upside as export momentum and year-end restocking tighten nearby availability.
• Gum Rosin Production Cost Trend rose as higher energy and logistics expenses increased manufacturing costs.
• Gum Rosin Demand Outlook remained balanced across adhesives, coatings, and rubber, limiting strong upward price moves.
• Producers ran moderate rates to dilute fixed costs, supporting throughput while tempering attempts to firm Price Index.
Why did the price of Gum Rosin change in December 2025 in South America?
• Improved export demand and smoother port operations increased shipments, strengthening near-term Gum Rosin demand modestly.
• Rising energy and logistics costs elevated the Gum Rosin Production Cost Trend, prompting sellers to lift FOB offers.
• Domestic downstream procurement stayed steady while inventories remained adequate, moderating urgency and limiting larger December price gains.
North America
• In North America, the Gum Rosin Market Trend softened quarter-over-quarter, reflecting ample import availability and moderate domestic demand.
• Spot activity remained rangebound as competitive Asian offers and steady inventories limited upside momentum.
• Market Forecast indicates modest recovery potential early next quarter, supported by year-end restocking and improving downstream orders.
• Production Cost Trend rose slightly due to higher energy and logistics expenses, but abundant supply capped overall cost pass-through.
• Demand Outlook remained balanced across adhesives, coatings, and rubber applications, supporting baseline procurement.
• Import volumes and moderate domestic production tempered market tightness, keeping near-term volatility limited.
• Distributors maintained sufficient stock levels, reducing urgency for aggressive purchasing and constraining short-term market gains.
Why did the Gum Rosin market trend change in December 2025 in North America?
• Higher imports and balanced inventories reduced immediate buying pressure, softening market trends.
• Rising energy and freight costs marginally increased production expenses but were insufficient to push the market upward.
• Steady downstream demand and cautious year-end procurement moderated transactional urgency, limiting stronger near-term gains.
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.
