Argentina: Amino-Resin Market 2024

Amino-Resin Market Size in Argentina

In 2022, the Argentinian amino-resin market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption recorded strong growth. Amino-resin consumption peaked in 2022 and is likely to continue growth in years to come.

Amino-Resin Exports

Exports from Argentina

In 2022, the amount of amino-resins, phenolic resins and polyurethanes (in primary forms) exported from Argentina contracted remarkably to X tons, falling by X% on the year before. In general, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, amino-resin exports fell to $X in 2022. Over the period under review, exports saw a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Uruguay (X tons) was the main destination for amino-resin exports from Argentina, accounting for a X% share of total exports. Moreover, amino-resin exports to Uruguay exceeded the volume sent to the second major destination, Brazil (X tons), eightfold. The third position in this ranking was held by Bolivia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uruguay amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Bolivia (X% per year).

In value terms, Uruguay ($X) remains the key foreign market for amino-resins, phenolic resins and polyurethanes (in primary forms) exports from Argentina, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports. It was followed by Paraguay, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Uruguay stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Paraguay (X% per year).

Export Prices by Country

The average amino-resin export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; afterwards, it flattened through to 2022.

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

Amino-Resin Imports

Imports into Argentina

In 2022, supplies from abroad of amino-resins, phenolic resins and polyurethanes (in primary forms) increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, total imports indicated a strong increase from 2012 to 2022: its volume 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 most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, amino-resin imports skyrocketed to $X in 2022. Overall, total imports indicated noticeable 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 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Brazil (X tons), the United States (X tons) and Belgium (X tons) were the main suppliers of amino-resin imports to Argentina, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), the United States ($X) and Belgium ($X) were the largest amino-resin suppliers to Argentina, together accounting for X% of total imports.

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

Import Prices by Country

The average amino-resin import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price, however, showed a mild descent. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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