EU: Epoxide Resin Market 2024

Epoxide Resin Market Size in the EU

In 2022, the EU epoxide resin market increased by X% to $X, rising for the second consecutive year after two years of decline. The total consumption 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, consumption increased by X% against 2020 indices. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Epoxide Resin Production in the EU

In value terms, epoxide resin production fell to $X in 2022 estimated in export price. The total production indicated a buoyant 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 2016 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, and then dropped slightly in the following year.

Epoxide Resin Exports

Exports in the EU

Epoxide resin exports fell markedly to X tons in 2022, with a decrease of X% against 2021. Overall, exports recorded a mild contraction. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, epoxide resin exports shrank to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some 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, and then shrank in the following year.

Exports by Country

Germany was the major exporter of epoxide resins in the European Union, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. The Netherlands (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (X%), Italy (X%) and Spain (X%). The following exporters - Belgium (X tons) and Poland (X tons) - each recorded a X% share of total exports.

Germany experienced a relatively flat trend pattern with regard to volume of exports of epoxide resins. At the same time, the Czech Republic (X%) and Italy (X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Spain (X%), Poland (X%), the Netherlands (X%) and Belgium (X%) illustrated a downward trend over the same period. The Czech Republic (X p.p.), Germany (X p.p.) and Italy (X p.p.) significantly strengthened its position in terms of the total exports, while Belgium and the Netherlands saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest epoxide resin supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Germany amounted to X%. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, picking up by X% against the previous year. Export price indicated a moderate 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, epoxide 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%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Germany ($X per ton) and Italy ($X per ton), while the Czech Republic ($X per ton) and the Netherlands ($X per ton) were 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.

Epoxide Resin Imports

Imports in the EU

In 2022, imports of epoxide resins in the European Union contracted to X tons, with a decrease of X% on 2021. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, epoxide resin imports dropped to $X in 2022. Total imports indicated a measured increase 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 growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then declined modestly in the following year.

Imports by Country

In 2022, Germany (X tons), distantly followed by the Netherlands (X tons), Italy (X tons), France (X tons) and Spain (X tons) were the largest importers of epoxide resins, together creating X% of total imports. Austria (X tons), Belgium (X tons), Poland (X tons), Sweden (X tons), Portugal (X tons), the Czech Republic (X tons), Denmark (X tons) and Hungary (X tons) followed a long way behind the leaders.

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

In value terms, Germany ($X) constitutes the largest market for imported epoxide resins in the European Union, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Germany stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Italy (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, rising by X% against the previous year. Import price indicated a measured 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, epoxide resin import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Denmark ($X per ton) and the Czech Republic ($X per ton), while the Netherlands ($X per ton) and Sweden ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform