Benelux: Amino Resin Market 2024

Amino Resin Market Size in Benelux

The Benelux amino resin market surged to $X in 2022, picking up by 58% against the previous year. In general, consumption enjoyed resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Amino Resin Production in Benelux

In value terms, amino resin production shrank modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 34%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Amino Resin Exports

Exports in Benelux

In 2022, shipments abroad of amino resins decreased by -14.5% to X tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 35% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then dropped in the following year.

In value terms, amino resin exports shrank to $X in 2022. Overall, exports, however, showed strong growth. The growth pace was the most rapid in 2021 when exports increased by 107% against the previous year. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

Belgium (X tons) and the Netherlands (X tons) represented roughly 99.9% of total exports in 2022.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +3.7%).

In value terms, the largest amino resin supplying countries in Benelux were Belgium ($X) and the Netherlands ($X).

In terms of the main exporting countries, Belgium, with a CAGR of +5.4%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, increasing by 2.2% against the previous year. Export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% 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 +74.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 71%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.1%).

Amino Resin Imports

Imports in Benelux

In 2022, overseas purchases of amino resins decreased by -21.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 42%. As a result, imports attained the peak of X tons, and then reduced markedly in the following year.

In value terms, amino resin imports shrank to $X in 2022. Overall, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 98% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

The Netherlands was the key importer of amino resins in Benelux, with the volume of imports reaching X tons, which was approx. 75% of total imports in 2022. It was distantly followed by Belgium (X tons), creating a 23% share of total imports. Luxembourg (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to amino resin imports into the Netherlands stood at +7.6%. At the same time, Luxembourg (+14.2%) and Belgium (+10.7%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in Benelux, with a CAGR of +14.2% from 2012-2022. Belgium (+4.4 p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands saw its share reduced by -5.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported amino resins in Benelux, comprising 72% of total imports. The second position in the ranking was held by Belgium ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands stood at +8.0%. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (+13.1% per year) and Luxembourg (+14.5% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, jumping by 17% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 39%. The level of import peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform