Czech Republic: Amino Resin Market 2024

Amino Resin Market Size in the Czech Republic

In 2022, the Czech amino resin market decreased by -8.5% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, saw resilient growth. As a result, consumption reached the peak level of $X, and then fell in the following year.

Amino Resin Exports

Exports from the Czech Republic

In 2022, overseas shipments of amino resins decreased by -6% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 396%. The exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, amino resin exports contracted to $X in 2022. Overall, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 296%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank in the following year.

Exports by Country

The Netherlands (X tons), Poland (X tons) and Slovakia (X tons) were the main destinations of amino resin exports from the Czech Republic, together accounting for 70% of total exports. Romania, Ireland, Lithuania, Estonia and Germany lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +118.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Poland ($X) and Slovakia ($X) were the largest markets for amino resin exported from the Czech Republic worldwide, with a combined 71% share of total exports. Romania, Ireland, Lithuania, Estonia and Germany lagged somewhat behind, together accounting for a further 20%.

Romania, with a CAGR of +111.0%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The average amino resin export price stood at $X per ton in 2022, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 49%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per ton) and Estonia ($X per ton), while the average price for exports to Ireland ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Amino Resin Imports

Imports into the Czech Republic

After four years of growth, purchases abroad of amino resins decreased by -12.4% to X tons in 2022. In general, imports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2015 when imports increased by 35%. Over the period under review, imports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, amino resin imports declined to $X in 2022. Over the period under review, imports, however, posted resilient growth. The pace of growth appeared the most rapid in 2021 when imports increased by 82% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

Belgium (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of amino resin imports to the Czech Republic, together accounting for 64% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +30.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest amino resin suppliers to the Czech Republic were Belgium ($X), Germany ($X) and Hungary ($X), with a combined 67% share of total imports. The Netherlands, Poland and China lagged somewhat behind, together comprising a further 28%.

Among the main suppliers, Poland, with a CAGR of +33.8%, 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

In 2022, the average amino resin import price amounted to $X per ton, increasing by 7.1% against the previous year. Overall, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, amino resin import price increased by +72.3% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 61%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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