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China - Amino Resins - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

China - Amino Resins - Market Analysis, Forecast, Size, Trends And Insights

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Apr 4, 2023

China's Amino Resin Price Drops to $1,660 per Ton in 2023, Exhibiting Unstable Fluctuation

China Amino Resin Export Price in February 2023

In February 2023, the amino resin price amounted to $1,660 per ton (FOB, China), dropping by -5.8% against the previous month. In general, the export price recorded a noticeable descent. The pace of growth was the most pronounced in July 2022 when the average export price increased by 8% m-o-m. Over the period under review, the average export prices hit record highs at $2,300 per ton in May 2022; however, from June 2022 to February 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($2,197 per ton), while the average price for exports to the Netherlands ($1,458 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-1.5%), while the prices for the other major destinations experienced a decline.

China Amino Resin Exports

In February 2023, the amount of amino resins exported from China soared to 116K tons, rising by 27% against January 2023. Over the period under review, exports recorded strong growth. The pace of growth was the most pronounced in January 2023 with an increase of 73% against the previous month. Over the period under review, the exports reached the peak figure at 117K tons in June 2022; however, from July 2022 to February 2023, the exports stood at a somewhat lower figure.

In value terms, amino resin exports skyrocketed to $193M (IndexBox estimates) in February 2023. In general, exports recorded a pronounced increase. The growth pace was the most rapid in March 2022 when exports increased by 74% month-to-month. Over the period under review, the exports attained the maximum at 263K tons in May 2022; however, from June 2022 to February 2023, the exports stood at a somewhat lower figure.

China Amino Resin Exports by Country

The United States (26K tons), the Netherlands (23K tons) and Turkey (8.9K tons) were the main destinations of amino resin exports from China, together accounting for 49% of total exports.

From February 2022 to February 2023, the biggest increases were in the Netherlands (with a CAGR of +18.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($40M), the Netherlands ($33M) and Russia ($15M) were the largest markets for amino resin exported from China worldwide, together comprising 46% of total exports.

the Netherlands, with a CAGR of +15.1%, 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.

Fluctuations in Amino Resin Prices Impact China's Economy as Global Production Surges and Environmental Regulations Change

Amino resins are widely used in the production of adhesives, foams, coatings, and other products across the world. In China, the production and usage of amino resin are also high, making it one of the significant contributors to the country's economy. However, over the past year, the price of amino resin in China has seen wild fluctuations.

Several factors have contributed to these fluctuations. Firstly, increased production in China as well as globally has resulted in a surplus of supply. As a result, prices of amino resin have dropped as suppliers compete for a share of the market. Secondly, changing environmental regulations in China have impacted the cost of production due to increased compliance costs. In addition, rising raw material costs for amino resin production in China have also contributed to the price fluctuations.

The decline in amino resin prices has been a significant relief for companies that rely heavily on the product. However, it has also put a strain on suppliers in China who have had to adapt to the changing market conditions. Going forward, analysts predict that price fluctuations in amino resin will continue to be volatile, with factors such as global supply and demand, environmental regulations, and raw material costs having significant impacts.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the amino resin market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20165630 - Amino resins, in primary forms (excluding urea and thiourea resins, melamine resins)

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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