Belgium: Amino-Resin Market 2024

Amino-Resin Market Size in Belgium

For the fourth consecutive year, the Belgian amino-resin market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption enjoyed a resilient expansion. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Amino-Resin Production in Belgium

In value terms, amino-resin production shrank rapidly to $X in 2022 estimated in export price. Over the period under review, production faced a abrupt setback. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Amino-Resin Exports

Exports from Belgium

In 2022, after two years of growth, there was significant decline in overseas shipments of amino-resins, phenolic resins and polyurethanes (in primary forms), when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then fell remarkably in the following year.

In value terms, amino-resin exports shrank to $X in 2022. Overall, exports, however, saw a tangible increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

France (X tons), Germany (X tons) and the United States (X tons) were the main destinations of amino-resin exports from Belgium, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for amino-resin exported from Belgium were Germany ($X), France ($X) and the United States ($X), together accounting for X% of total exports.

The United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average amino-resin export price amounted to $X per ton, with an increase of X% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2022: its price 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, amino-resin export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

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

Amino-Resin Imports

Imports into Belgium

In 2022, after two years of growth, there was significant decline in overseas purchases of amino-resins, phenolic resins and polyurethanes (in primary forms), when their volume decreased by X% to X tons. In general, imports, however, enjoyed a notable expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then shrank sharply in the following year.

In value terms, amino-resin imports reduced remarkably to $X in 2022. Over the period under review, imports, however, showed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank dramatically in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest amino-resin supplier to Belgium, with a X% share of total imports. Moreover, amino-resin imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and China (X% per year).

In value terms, Germany ($X) constituted the largest supplier of amino-resins, phenolic resins and polyurethanes (in primary forms) to Belgium, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and China (X% per year).

Import Prices by Country

The average amino-resin import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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 the United States ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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