Austria: Epoxide Resin Market 2024

Epoxide Resin Market Size in Austria

The Austrian epoxide resin market soared to $X in 2021, with an increase of 66% against the previous year. Overall, consumption continues to indicate a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Epoxide Resin Production in Austria

In value terms, epoxide resin production dropped markedly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a deep downturn. The growth pace was the most rapid in 2016 with an increase of 148%. Epoxide resin production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Epoxide Resin Exports

Exports from Austria

For the fifth year in a row, Austria recorded decline in overseas shipments of epoxide resins, which decreased by -27.5% to X tons in 2021. Over the period under review, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 2.6% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, epoxide resin exports expanded to $X in 2021. In general, exports showed a abrupt slump. The pace of growth was the most pronounced in 2018 when exports increased by 9.1%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for epoxide resin exports from Austria, accounting for a 35% share of total exports. Moreover, epoxide resin exports to Germany exceeded the volume sent to the second major destination, China (X tons), fivefold. The third position in this ranking was taken by the Czech Republic (X tons), with a 7% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled -12.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-12.6% per year) and the Czech Republic (-5.2% per year).

In value terms, Germany ($X) remains the key foreign market for epoxide resins exports from Austria, comprising 31% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 7.5% share of total exports. It was followed by China, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled -9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+8.4% per year) and China (-6.6% per year).

Export Prices by Country

The average epoxide resin export price stood at $X per ton in 2021, jumping by 42% against the previous year. In general, export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, epoxide resin export price increased by +67.1% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Italy ($X per ton), while the average price for exports to Poland ($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 Switzerland (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Epoxide Resin Imports

Imports into Austria

Epoxide resin imports into Austria totaled X tons in 2021, approximately mirroring the previous year. Overall, imports, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2018 when imports increased by 18% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, epoxide resin imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of epoxide resin to Austria, accounting for a 45% share of total imports. Moreover, epoxide resin imports from Germany exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold. The third position in this ranking was held by the Czech Republic (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+49.0% per year) and the Czech Republic (+24.8% per year).

In value terms, Germany ($X) constituted the largest supplier of epoxide resins to Austria, comprising 46% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 12% share of total imports. It was followed by South Korea, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+7.0% per year) and South Korea (+54.4% per year).

Import Prices by Country

In 2021, the average epoxide resin import price amounted to $X per ton, picking up by 47% against the previous year. Over the last nine years, it increased at an average annual rate of +3.7%. 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 the Netherlands ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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