Austria: Phenolic Resins Market 2024

Phenolic Resins Market Size in Austria

The Austrian phenolic resins market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption continues to indicate a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Phenolic Resins Production in Austria

In value terms, phenolic resins production skyrocketed to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt setback. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Phenolic Resins Exports

Exports from Austria

In 2019, shipments abroad of phenolic resins in primary forms increased by 2.9% to X tons, rising for the third year in a row after two years of decline. The total export volume increased at an average annual rate of +5.7% over the period from 2012 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 20% against the previous year. The exports peaked in 2019 and are likely to see steady growth in years to come.

In value terms, phenolic resins exports contracted to $X in 2019. The total export value increased at an average annual rate of +1.7% from 2012 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 27% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2019, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for phenolic resins exports from Austria, accounting for a 66% share of total exports. Moreover, phenolic resins exports to Germany exceeded the volume sent to the second major destination, France (X tons), sevenfold. The third position in this ranking was held by the Czech Republic (X tons), with a 7.9% share.

From 2012 to 2019, the average annual growth rate of volume to Germany totaled +22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+3.2% per year) and the Czech Republic (+22.5% per year).

In value terms, Germany ($X) remains the key foreign market for phenolic resins in primary forms exports from Austria, comprising 56% of total exports. The second position in the ranking was taken by France ($X), with an 8.9% share of total exports. It was followed by the Netherlands, with an 8.3% share.

From 2012 to 2019, the average annual growth rate of value to Germany totaled +17.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-4.5% per year) and the Netherlands (+26.6% per year).

Export Prices by Country

The average phenolic resins export price stood at $X per ton in 2019, which is down by -11.5% against the previous year. Overall, the export price saw a pronounced reduction. The most prominent rate of growth was recorded in 2017 an increase of 20%. The export price peaked at $X per ton in 2013; however, from 2014 to 2019, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+10.7%), while the prices for the other major destinations experienced mixed trend patterns.

Phenolic Resins Imports

Imports into Austria

In 2021, the amount of phenolic resins in primary forms imported into Austria soared to X tons, picking up by 31% compared with the year before. Over the period under review, imports recorded resilient growth. The pace of growth appeared the most rapid in 2020 when imports increased by 80% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, phenolic resins imports soared to $X in 2021. Overall, imports showed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 193% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Germany (X tons) constituted the largest phenolic resins supplier to Austria, accounting for a 68% share of total imports. Moreover, phenolic resins imports from Germany exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), fivefold. The third position in this ranking was taken by Poland (X tons), with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+9.4% per year) and Poland (+51.9% per year).

In value terms, Germany ($X) constituted the largest supplier of phenolic resins in primary forms to Austria, comprising 80% of total imports. The second position in the ranking was taken by Poland ($X), with a 7.6% share of total imports. It was followed by France, with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +21.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+53.5% per year) and France (-2.3% per year).

Import Prices by Country

The average phenolic resins import price stood at $X per ton in 2021, increasing by 3.6% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 62%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

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 UK ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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