
China - Epoxide Resins in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
China: Epoxide Resin Market 2022
Epoxide Resin Market Size in China
In 2021, the Chinese epoxide resin market decreased by -X% to $X, falling for the third consecutive year after two years of growth. Overall, consumption continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 when the market value increased by X% against the previous year. Epoxide resin consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.
Epoxide Resin Production in China
In value terms, epoxide resin production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, showed a perceptible curtailment. Epoxide resin production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.
Epoxide Resin Exports
Exports from China
In 2021, overseas shipments of epoxide resins were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports saw a tangible increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, epoxide resin exports skyrocketed to $X in 2021. Over the period under review, exports showed a temperate increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Exports by Country
Thailand (X tons), the United Arab Emirates (X tons) and Russia (X tons) were the main destinations of epoxide resin exports from China, with a combined X% share of total exports. Brazil, Vietnam, South Korea, Italy, the United States, the Netherlands, Germany, Turkey, Taiwan (Chinese) and Israel lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Israel (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Thailand ($X), Russia ($X) and South Korea ($X) appeared to be the largest markets for epoxide resin exported from China worldwide, together comprising X% of total exports. Italy, the United Arab Emirates, Vietnam, the United States, the Netherlands, Germany, Brazil, Israel, Turkey and Taiwan (Chinese) lagged somewhat behind, together comprising a further X, with a CAGR of +X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The average epoxide resin export price stood at $X per ton in 2021, rising by X% against the previous year. Over the period under review, the export price, however, showed a mild shrinkage. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Israel ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+X%), while the prices for the other major destinations experienced more modest paces of growth.
Epoxide Resin Imports
Imports into China
In 2021, overseas purchases of epoxide resins decreased by -X% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then shrank significantly in the following year.
In value terms, epoxide resin imports skyrocketed to $X in 2021. In general, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2016 indices. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked in 2021 and are expected to retain growth in the immediate term.
Imports by Country
Taiwan (Chinese) (X tons), South Korea (X tons) and the United States (X tons) were the main suppliers of epoxide resin imports to China, with a combined X% share of total imports. These countries were followed by Germany, Japan, Thailand and Italy, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest epoxide resin suppliers to China were Taiwan (Chinese) ($X), South Korea ($X) and Japan ($X), together comprising X% of total imports. These countries were followed by the United States, Germany, Thailand and Italy, which together accounted for a further X, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2021, the average epoxide resin import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price showed a slight expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the epoxide resin market in China. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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