U.S. - Amino Resins - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAmino Resin Price in the United States - 2023
Contents:
- Amino Resin Price in the United States (CIF) - 2023
- Amino Resin Price in the United States (FOB) - 2023
- Amino Resin Imports in the United States
- Amino Resin Exports in the United States
Amino Resin Price in the United States (CIF) - 2023
In September 2023, the average amino resin import price amounted to $1,271 per ton, surging by 5.2% against the previous month. Overall, the import price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in April 2023 an increase of 27% month-to-month. The import price peaked at $2,549 per ton in September 2022; however, from October 2022 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Japan ($25,066 per ton), while the price for China ($1,049 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Japan (+22.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Amino Resin Price in the United States (FOB) - 2023
The average amino resin export price stood at $2,380 per ton in September 2023, with a decrease of -9.2% against the previous month. Overall, the export price showed a noticeable descent. The growth pace was the most rapid in November 2022 when the average export price increased by 12% m-o-m. Over the period under review, the average export prices hit record highs at $3,015 per ton in September 2022; however, from October 2022 to September 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Brazil ($4,995 per ton), while the average price for exports to Mexico ($2,033 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Amino Resin Imports in the United States
For the fourth consecutive year, the United States recorded growth in purchases abroad of amino resins, which increased by 3.7% to 422K tons in 2022. Over the period under review, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 109%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, amino resin imports soared to $1B in 2022. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 225% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Amino Resin in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 180 | 119 | 488 | 429 | 33.6% |
| Germany | 4.1 | 10.4 | 67.8 | 236 | 286.1% |
| Hungary | 4.2 | 28.8 | 28.7 | 86.2 | 173.8% |
| South Korea | 14.6 | 14.1 | 59.8 | 71.1 | 69.5% |
| Spain | 11.1 | 8.5 | 26.9 | 67.6 | 82.6% |
| Belgium | 20.1 | 15.1 | 57.0 | 66.4 | 48.9% |
| Netherlands | 5.8 | 9.8 | 15.0 | 34.2 | 80.7% |
| Japan | 10.6 | 12.1 | 4.9 | 9.8 | -2.6% |
| Others | 7.0 | 18.6 | 19.4 | 30.9 | 64.0% |
| Total | 257 | 236 | 767 | 1,031 | 58.9% |
Top Suppliers of Amino Resin to the United States in 2022:
- China (211.2K tons)
- Germany (68.4K tons)
- Hungary (34.8K tons)
- Spain (29.0K tons)
- Belgium (28.1K tons)
- South Korea (24.5K tons)
- Netherlands (10.5K tons)
- Japan (4.6K tons)
Amino Resin Exports in the United States
In 2022, the amount of amino resins exported from the United States rose significantly to 259K tons, with an increase of 11% compared with the year before. The total export volume increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, amino resin exports soared to $704M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.4% 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 +73.3% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Amino Resin in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 274 | 243 | 316 | 432 | 16.4% |
| Mexico | 90.2 | 72.8 | 104 | 163 | 21.8% |
| Brazil | 44.0 | 31.1 | 24.2 | 36.1 | -6.4% |
| Colombia | 20.6 | 17.1 | 21.6 | 27.6 | 10.2% |
| Argentina | 11.7 | 10.6 | 12.3 | 19.9 | 19.4% |
| Others | 30.7 | 31.5 | 22.1 | 24.7 | -7.0% |
| Total | 471 | 406 | 500 | 704 | 14.3% |
Top Export Markets for Amino Resin from the United States in 2022:
- Canada (158.8K tons)
- Mexico (56.5K tons)
- Brazil (19.0K tons)
- Colombia (10.5K tons)
- Argentina (9.5K tons)
This report provides an in-depth analysis of the amino resin market in the U.S.. 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 States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Amino Resin price reached $1,523 per ton (CIF, US) in July 2023, recording a significant 18% growth compared to the previous month.
537
In August 2022, the phenolic resins price per ton amounted to $799, which is down by -68.8% against the previous month.
375
In value terms, melamine resins exports dropped dramatically to $4.6M in April 2023.
194
In February 2023, the price of polyurethanes fell by 6.8%, amounting to $5,783 per ton (FOB, US).
1659
In August 2022, the polyurethanes price per ton amounted to $6,278, picking up by 3.7% against the previous month.
614
In June 2022, the polyurethanes price per ton stood at $6,067 per ton in June 2022, increasing by 2% against the previous month.
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The global amino resin market revenue amounted to $68.1B in 2018, rising by 6.6% against the previous year. This...
954
In 2016, approx. X tons of amino resin were imported worldwide- jumping by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to X>
1090
In 2016, approx. X tons of amino resin were imported worldwide- jumping by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to X>
2878
The global trade in amino-resins, phenolic resins and polyurethanes (in primary forms) amounted to X million USD in 2015, fluctuating perceptibly over the period under review. A notable drop in 2009 was followed by recovery over the next five year
