United Kingdom: Epoxide Resin Market 2024

Epoxide Resin Market Size in the UK

The UK epoxide resin market contracted to $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, leveling off in the following year.

Epoxide Resin Production in the UK

In value terms, epoxide resin production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Epoxide resin production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Epoxide Resin Exports

Exports from the UK

For the fourth year in a row, the UK recorded decline in overseas shipments of epoxide resins, which decreased by X% to X tons in 2022. In general, exports saw a deep setback. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, epoxide resin exports expanded rapidly to $X in 2022. Over the period under review, exports saw a mild slump. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons), the United States (X tons) and Italy (X tons) were the main destinations of epoxide resin exports from the UK, with a combined X% share of total exports. Spain, Turkey, China, France, India, the Czech Republic, Australia, the Netherlands, Brazil and Poland lagged somewhat behind, together accounting for 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 Turkey (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for epoxide resin exported from the UK were Germany ($X), the United States ($X) and France ($X), with a combined X% share of total exports. Spain, Italy, Australia, China, Turkey, the Netherlands, Brazil, India, the Czech Republic and Poland lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Turkey, with a CAGR of X%, saw 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

In 2022, the average epoxide resin export price amounted to $X per ton, jumping by X% against the previous year. Overall, export price indicated strong 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 2018 indices. The growth pace was the most rapid 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 expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the Czech Republic ($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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Epoxide Resin Imports

Imports into the UK

In 2022, epoxide resin imports into the UK shrank significantly to X tons, falling by X% compared with 2021. In general, imports continue to indicate a mild setback. 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 dropped markedly in the following year.

In value terms, epoxide resin imports expanded significantly to $X in 2022. Overall, total imports indicated tangible 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 pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of epoxide resin to the UK, accounting for a X% share of total imports. Moreover, epoxide resin imports from Germany exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, Germany ($X) constituted the largest supplier of epoxide resins to the UK, comprising X% of total imports. The second position in the ranking was taken by Switzerland ($X), with an X% share of total imports. It was followed by South Korea, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and South Korea (X% per year).

Import Prices by Country

The average epoxide resin import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, import price indicated a pronounced 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 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform