United Kingdom - Amino Resins - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Mar 1, 2024

United Kingdom - Amino Resins - Market Analysis, Forecast, Size, Trends And Insights

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Amino Resin Price in the UK - 2023

Contents:

  1. Amino Resin Price in the UK (CIF) - 2023
  2. Amino Resin Price in the UK (FOB) - 2023
  3. Amino Resin Imports in the UK
  4. Amino Resin Exports in the UK

Amino Resin Price in the UK (CIF) - 2023

In August 2023, the average amino resin import price amounted to $2,130 per ton, dropping by -4.3% against the previous month. Over the period under review, the import price recorded a perceptible curtailment. The growth pace was the most rapid in November 2022 when the average import price increased by 3.6% month-to-month. Over the period under review, average import prices reached the peak figure at $2,718 per ton in August 2022; however, from September 2022 to August 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In August 2023, the highest price was recorded for prices from South Korea ($2,723 per ton) and Hungary ($2,215 per ton), while the price for Germany ($2,034 per ton) and Belgium ($2,062 per ton) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by South Korea (+0.4%), while the prices for the other major suppliers experienced a decline.

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Amino Resin Price in the UK (FOB) - 2023

The average amino resin export price stood at $4,565 per ton in August 2023, increasing by 5.3% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 25% against the previous month. The export price peaked at $5,169 per ton in December 2022; however, from January 2023 to August 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($21,940 per ton), while the average price for exports to Hungary ($3,308 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Amino Resin Imports in the UK

Amino resin imports into the UK expanded sharply to 120K tons in 2022, growing by 8% against the previous year. The total import volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 14%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, amino resin imports skyrocketed to $325M in 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 81%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Import of Amino Resin in the UK (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany58.841.661.887.914.3%
Belgium38.439.210684.430.0%
China5.65.01.750.1107.6%
Netherlands45.542.059.049.42.8%
Hungary5.76.413.423.961.3%
South Korea6.57.318.315.333.0%
Others8.87.29.314.417.8%
Total16914926932524.4%

Top Suppliers of Amino Resin to the UK in 2022:

  1. Germany (33.9K tons)
  2. Belgium (30.9K tons)
  3. China (18.9K tons)
  4. Netherlands (17.2K tons)
  5. Hungary (8.5K tons)
  6. South Korea (6.1K tons)

Amino Resin Exports in the UK

In 2022, exports of amino resins from the UK rose rapidly to 5.6K tons, with an increase of 9.9% compared with the previous year. Overall, exports, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year.

In value terms, amino resin exports surged to $24M in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +6.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Export of Amino Resin in the UK (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands4.05.28.17.925.5%
Germany3.21.63.56.325.3%
Ireland3.83.64.34.12.6%
ItalyN/AN/A0.11.11000.0%
United States0.40.60.50.826.0%
France0.20.20.40.644.2%
Japan0.50.30.20.50.0%
United Arab Emirates0.40.60.70.2-20.6%
Sweden5.70.10.30.2-67.3%
Others1.31.42.32.219.2%
Total19.513.620.623.86.9%

Top Export Markets for Amino Resin from the UK in 2022:

  1. Netherlands (2024.3 tons)
  2. Germany (1485.7 tons)
  3. Ireland (1151.4 tons)
  4. Italy (232.1 tons)
  5. United States (183.9 tons)
  6. Japan (103.9 tons)
  7. France (87.0 tons)
  8. United Arab Emirates (29.6 tons)
  9. Sweden (20.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the amino resin market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20165630 - Amino resins, in primary forms (excluding urea and thiourea resins, melamine resins)

Country coverage:

  • United Kingdom

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the UK
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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