Spain: Epoxide Resin Market 2024

Epoxide Resin Market Size in Spain

The Spanish epoxide resin market dropped significantly to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, saw a buoyant expansion. Epoxide resin consumption peaked at $X in 2021, and then contracted remarkably in the following year.

Epoxide Resin Production in Spain

In value terms, epoxide resin production fell to $X in 2022 estimated in export price. In general, the total production 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. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Epoxide Resin Exports

Exports from Spain

In 2022, approx. X tons of epoxide resins were exported from Spain; with a decrease of X% on the previous year's figure. In general, exports recorded a perceptible decline. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, epoxide resin exports rose significantly to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Italy (X tons), France (X tons) and Germany (X tons) were the main destinations of epoxide resin exports from Spain, together accounting for X% of total exports. The United States, Poland, Brazil, Israel, Morocco, Norway, India, Turkey, Finland and Portugal lagged somewhat behind, together comprising a further X%.

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

In value terms, Italy ($X), the United States ($X) and Germany ($X) were the largest markets for epoxide resin exported from Spain worldwide, with a combined X% share of total exports. France, Poland, Morocco, Finland, Portugal, Norway, India, Turkey, Brazil and Israel lagged somewhat behind, together comprising a further X%.

Norway, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of 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

In 2022, the average epoxide resin export price amounted to $X per ton, increasing by X% against the previous year. In general, export price indicated notable 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, epoxide resin export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Epoxide Resin Imports

Imports into Spain

In 2022, the amount of epoxide resins imported into Spain dropped rapidly to X tons, which is down by X% compared with the previous year's figure. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, epoxide resin imports declined modestly to $X in 2022. Overall, total imports indicated a temperate 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then fell modestly in the following year.

Imports by Country

Germany (X tons), South Korea (X tons) and the Czech Republic (X tons) were the main suppliers of epoxide resin imports to Spain, with a combined X% share of total imports. The Netherlands, Italy, Belgium, China, Switzerland, the UK and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (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 Spain were Germany ($X), South Korea ($X) and the Netherlands ($X), together comprising X% of total imports. The Czech Republic, Switzerland, Italy, Belgium, China, the UK and Saudi Arabia lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average epoxide resin import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, import price indicated a notable increase 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 growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform