Eastern Europe: Amino Resin Market 2024

Amino Resin Market Size in Eastern Europe

After two years of growth, the East European amino resin market decreased by X% to $X in 2022. The total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Amino Resin Production in Eastern Europe

In value terms, amino resin production rose to $X in 2022 estimated in export price. The total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. The level of production peaked in 2022 and is likely to continue growth in the immediate term.

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Amino Resin Exports

Exports in Eastern Europe

In 2022, after three years of growth, there was significant decline in shipments abroad of amino resins, when their volume decreased by X% to X tons. Total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021, and then contracted in the following year.

In value terms, amino resin exports fell to $X in 2022. In general, exports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then fell in the following year.

Exports by Country

Hungary was the largest exporter of amino resins in Eastern Europe, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Poland (X tons), achieving a X% share of total exports.

Exports from Hungary increased at an average annual rate of X% from 2012 to 2022. At the same time, Poland (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. Poland (X p.p.) significantly strengthened its position in terms of the total exports, while Hungary saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Hungary ($X) remains the largest amino resin supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Hungary totaled X%.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, increasing by X% against the previous year. Export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, amino resin export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Poland stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%).

Amino Resin Imports

Imports in Eastern Europe

After two years of growth, overseas purchases of amino resins decreased by X% to X tons in 2022. Total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, amino resin imports shrank to $X in 2022. Over the period under review, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

Poland (X tons) and Russia (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Belarus (X tons), Romania (X tons) and the Czech Republic (X tons), together constituting a X% share of total imports. The following importers - Lithuania (X tons) and Latvia (X tons) - each resulted at a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and Romania ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. The Czech Republic, Belarus, Latvia and Lithuania lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Latvia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, flattening at the previous year. Import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, amino resin import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. As a result, import price reached the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform