Which Country Imports the Most Amino-Resins in the World?
Plastics And Synthetic Rubber In Primary Forms May 28, 2018
IndexBox has just published a new report "World: Amino-Resins, Phenolic Resins And Polyurethanes (In Primary Forms) - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.
In 2016, approx. 12M tonnes of amino resin were imported worldwide- jumping by 6% against the previous year figure. The total import volume increased at an average annual rate of +3.4% from 2007 to 2016- however, the trend pattern indicated some noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2010, when import increased by 15% y-o-y. Over the period under review, global amino resin imports reached its maximum volume in 2016, and are likely to see steady growth in the immediate term.
In value terms, amino resin imports amounted to $13B in 2016. Overall, it indicated a temperate expansion from 2007 to 2016: the total imports value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, amino resin imports decreased by -14.1% against its level of 2014. Over the period under review, global amino resin imports reached its maximum level of $16B in 2014- however, from 2015 to 2016, it failed to regain its strength.
Top Amino Resin Importing Countries in the World
1. China (1,306.8 million USD)
2. Germany (931.7 million USD)
3. USA (776.7 million USD)
4. France (590.1 million USD)
5. Italy (590.0 million USD)
6. Canada (545.0 million USD)
7. Netherlands (520.6 million USD)
8. Poland (378.8 million USD)
9. Russia (332.9 million USD)
10. South Korea (299.2 million USD)
11. Belgium (263.2 million USD)
12. Japan (174.0 million USD)
Amino Resin Imports By Country
The imports of the twelve major importers of amino resin, namely Germany, Belgium, China, the U.S., the Netherlands, France, South Korea, Canada, Japan, Italy, Poland, and Russia, represented more than half of total import.
From 2007 to 2016, the most notable growth rate of amino resin imports, among the main importing countries, was attained by South Korea (+24.6% per year), while the other global leaders experienced more modest paces of growth.
In value terms, China ($1.3B), Germany ($932M) and the U.S. ($777M) appeared as the countries with the highest levels of imports in 2016, with a combined 23% share of global imports.France, Italy, Canada, the Netherlands, Poland, Russia, South Korea, Belgium and Japan lagged somewhat behind, together accounting for a further 28%.
Russia (+14.4% per year) recorded the highest growth rate of amino resin imports, among the main importing countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.
Amino Resin Import Prices By Country
The average amino resin import price stood at $1,122 per tonne in 2016, shrinking by -7.0% against the previous year. In general, amino resin import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, an increase of 14% year-to-year. Global amino resin import peaked of $1,450 per tonne in 2013- however, from 2014 to 2016, it stood at a somewhat lower level.
There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was Italy ($1,857 per tonne), while Belgium ($215 per tonne) was among the lowest.
From 2007 to 2016, the most notable growth rate of amino resin import prices was attained by Russia (+7.2% per year), while the other global leaders experienced more modest paces of growth.
Do you want to know more about global amino resin market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- amino resin market share
- amino resin prices
- amino resin industry
- amino resin sales
- amino resin import
- amino resin export
- amino resin market forecast
- amino resin price forecast
- key amino resin producers
All data provided in this article covers the following product: HS Code 3909 - Amino-resins, phenolic resins and polyurethanes, in primary forms.
