EU: Amino-Resin Market 2024

Amino-Resin Market Size in the EU

The EU amino-resin market surged to $X in 2022, rising by X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Amino-Resin Production in the EU

In value terms, amino-resin production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Amino-Resin Exports

Exports in the EU

In 2022, approx. X tons of amino-resins, phenolic resins and polyurethanes (in primary forms) were exported in the European Union; with a decrease of X% compared with the previous year. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then shrank in the following year.

In value terms, amino-resin exports reached $X in 2022. Total exports indicated a pronounced 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) and Belgium (X tons) represented roughly X% of total exports in 2022. The Netherlands (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Poland (X%), Portugal (X%), Spain (X%), Hungary (X%) and Italy (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Hungary (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest amino-resin supplying countries in the European Union were Germany ($X), Belgium ($X) and the Netherlands ($X), together accounting for X% of total exports. Italy, Spain, Hungary, Portugal and Poland lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Hungary, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the export price increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while Poland ($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.

Amino-Resin Imports

Imports in the EU

In 2022, after two years of growth, there was significant decline in purchases abroad of amino-resins, phenolic resins and polyurethanes (in primary forms), when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, amino-resin imports rose to $X in 2022. Total imports indicated resilient 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Germany (X tons), distantly followed by France (X tons), Poland (X tons), the Netherlands (X tons), Italy (X tons), Belgium (X tons) and Spain (X tons) were the major importers of amino-resins, phenolic resins and polyurethanes (in primary forms), together making up X% of total imports. The following importers - Austria (X tons), the Czech Republic (X tons), Romania (X tons), Hungary (X tons) and Bulgaria (X tons) - together made up X% of total imports.

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

In value terms, the largest amino-resin importing markets in the European Union were Germany ($X), the Netherlands ($X) and Italy ($X), together accounting for X% of total imports. France, Poland, Belgium, Spain, the Czech Republic, Austria, Romania, Hungary and Bulgaria lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries 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 the European Union amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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