Benelux: Epoxide Resin Market 2024

Epoxide Resin Market Size in Benelux

The Benelux epoxide resin market soared to $X in 2021, with an increase of 150% against the previous year. Overall, consumption saw a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Epoxide Resin Production in Benelux

In value terms, epoxide resin production shrank slightly to $X in 2021 estimated in export price. In general, production, however, recorded a slight setback. The pace of growth was the most pronounced in 2016 when the production volume increased by 79%. The level of production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Epoxide Resin Exports

Exports in Benelux

In 2021, the amount of epoxide resins exported in Benelux reduced sharply to X tons, which is down by -17.9% against 2020. In general, exports continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2014 when exports increased by 7.7%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, epoxide resin exports surged to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, the Netherlands (X tons) was the major exporter of epoxide resins, making up 89% of total exports. It was distantly followed by Belgium (X tons), comprising an 11% share of total exports.

The Netherlands was also the fastest-growing in terms of the epoxide resins exports, with a CAGR of -3.1% from 2012 to 2021. Belgium (-7.7%) illustrated a downward trend over the same period. The Netherlands (+4.9 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -4.9% from 2012 to 2021, respectively.

In value terms, the Netherlands ($X) remains the largest epoxide resin supplier in Benelux, comprising 86% of total exports. The second position in the ranking was held by Belgium ($X), with a 14% share of total exports.

In the Netherlands, epoxide resin exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, surging by 46% against the previous year. Export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, epoxide resin export price increased by +42.5% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.4%).

Epoxide Resin Imports

Imports in Benelux

In 2021, the amount of epoxide resins imported in Benelux rose sharply to X tons, growing by 9.3% on 2020 figures. The total import volume increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 34%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, epoxide resin imports skyrocketed to $X in 2021. In general, imports enjoyed notable growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands was the major importing country with an import of around X tons, which recorded 74% of total imports. It was distantly followed by Belgium (X tons), making up a 26% share of total imports.

The Netherlands was also the fastest-growing in terms of the epoxide resins imports, with a CAGR of +5.8% from 2012 to 2021. Belgium (-2.5%) illustrated a downward trend over the same period. While the share of the Netherlands (+16 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Belgium (-16 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) constitutes the largest market for imported epoxide resins in Benelux, comprising 73% of total imports. The second position in the ranking was taken by Belgium ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the Netherlands amounted to +7.1%.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, jumping by 35% against the previous year. Import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% 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 import price increased by +61.0% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+1.3%).

Source: IndexBox Platform