Czech Republic: Alkyd Resins Market 2024

Alkyd Resins Market Size in the Czech Republic

The Czech alkyd resins market contracted to $X in 2022, waning by -10.8% against the previous year. Over the period under review, consumption continues to indicate a pronounced reduction. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Alkyd Resins Production in the Czech Republic

In value terms, alkyd resins production shrank modestly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 82% against the previous year. Alkyd resins production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Alkyd Resins Exports

Exports from the Czech Republic

In 2022, alkyd resins exports from the Czech Republic reached X tons, surging by 2.1% on the previous year's figure. In general, exports enjoyed noticeable growth. The most prominent rate of growth was recorded in 2017 when exports increased by 360% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, alkyd resins exports soared to $X in 2022. Over the period under review, exports continue to indicate tangible growth. The most prominent rate of growth was recorded in 2017 when exports increased by 297%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Slovakia (X tons) was the main destination for alkyd resins exports from the Czech Republic, accounting for a 61% share of total exports. Moreover, alkyd resins exports to Slovakia exceeded the volume sent to the second major destination, Germany (X tons), fivefold. Serbia (X tons) ranked third in terms of total exports with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume to Slovakia stood at +33.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-13.4% per year) and Serbia (-8.9% per year).

In value terms, Slovakia ($X) remains the key foreign market for alkyd resins in primary forms exports from the Czech Republic, comprising 47% of total exports. The second position in the ranking was held by Germany ($X), with a 17% share of total exports. It was followed by Denmark, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovakia totaled +29.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-10.1% per year) and Denmark (+9.2% per year).

Export Prices by Country

The average alkyd resins export price stood at $X per ton in 2022, surging by 29% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Slovakia ($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 the United States (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Alkyd Resins Imports

Imports into the Czech Republic

In 2022, approx. X tons of alkyd resins in primary forms were imported into the Czech Republic; falling by -33% on the previous year's figure. Over the period under review, imports recorded a mild contraction. The most prominent rate of growth was recorded in 2018 with an increase of 52%. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, alkyd resins imports reduced to $X in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 29% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Croatia (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of alkyd resins imports to the Czech Republic, together comprising 64% of total imports. Bulgaria, Slovakia, the Netherlands and Italy lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +58.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X), Germany ($X) and Poland ($X) appeared to be the largest alkyd resins suppliers to the Czech Republic, with a combined 62% share of total imports. Bulgaria, Slovakia, the Netherlands and Italy lagged somewhat behind, together accounting for a further 27%.

In terms of the main suppliers, Bulgaria, with a CAGR of +55.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average alkyd resins import price stood at $X per ton in 2022, with an increase of 34% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 40%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Italy ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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