Algeria: Epoxide Resin Market 2024

Epoxide Resin Market Size in Algeria

In 2021, the Algerian epoxide resin market increased by 92% to $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption, however, saw a slight decline. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Epoxide Resin Exports

Exports from Algeria

In 2021, the amount of epoxide resins exported from Algeria surged to X tons, picking up by 30% compared with the previous year. In general, exports, however, recorded a slight descent. The most prominent rate of growth was recorded in 2019 with an increase of 1,200% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, epoxide resin exports soared to $X in 2021. Over the period under review, exports, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2020 when exports increased by 1,325%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Morocco (X tons) was the main destination for epoxide resin exports from Algeria, accounting for a 92% share of total exports. It was followed by the Netherlands (X kg), with a 3.1% share of total exports. The third position in this ranking was held by the United States (X kg), with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Morocco stood at +26.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (0.0% per year) and the United States (+6.0% per year).

In value terms, Morocco ($X) remains the key foreign market for epoxide resins exports from Algeria, comprising 76% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 14% share of total exports. It was followed by the United States, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Morocco amounted to +32.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+120.4% per year) and the United States (-6.4% per year).

Export Prices by Country

The average epoxide resin export price stood at $X per ton in 2021, with an increase of 22% against the previous year. Over the period under review, the export price, however, showed a mild descent. The pace of growth appeared the most rapid in 2013 an increase of 318% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+5.0%), while the prices for the other major destinations experienced a decline.

Epoxide Resin Imports

Imports into Algeria

In 2021, supplies from abroad of epoxide resins was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. In general, imports, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 51% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, epoxide resin imports surged to $X in 2021. Overall, imports, however, showed a mild contraction. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Turkey (X tons), France (X tons) and Italy (X tons) were the main suppliers of epoxide resin imports to Algeria, with a combined 39% share of total imports. India, Saudi Arabia, Switzerland, China, the Netherlands, Tunisia, Egypt, South Korea, Canada and Spain lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +18.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest epoxide resin suppliers to Algeria were France ($X), Turkey ($X) and Italy ($X), with a combined 40% share of total imports. These countries were followed by India, Canada, Saudi Arabia, Tunisia, Egypt, Switzerland, Spain, South Korea, China and the Netherlands, which together accounted for a further 18%.

Canada, with a CAGR of +18.6%, saw the highest growth rate of 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

In 2021, the average epoxide resin import price amounted to $X per ton, increasing by 46% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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