Denmark: Amino Resin Market 2024

Amino Resin Market Size in Denmark

In 2022, the Danish amino resin market increased by 28% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Amino Resin Production in Denmark

In value terms, amino resin production skyrocketed to $X in 2022 estimated in export price. In general, production, however, showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 2,005%. Amino resin production peaked in 2022 and is likely to continue growth in years to come.

Amino Resin Exports

Exports from Denmark

After three years of growth, overseas shipments of amino resins decreased by -29.1% to X tons in 2022. Overall, exports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2021 when exports increased by 111%. As a result, the exports attained the peak of X tons, and then shrank sharply in the following year.

In value terms, amino resin exports dropped modestly to $X in 2022. In general, exports, however, saw a resilient expansion. The growth pace was the most rapid in 2021 when exports increased by 126% against the previous year. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

Germany (X tons) was the main destination for amino resin exports from Denmark, with a 61% share of total exports. Moreover, amino resin exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), sixfold. Poland (X tons) ranked third in terms of total exports with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +36.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+26.8% per year) and Poland (+1.5% per year).

In value terms, Germany ($X) remains the key foreign market for amino resins exports from Denmark, comprising 54% of total exports. The second position in the ranking was held by the Czech Republic ($X), with an 11% share of total exports. It was followed by Sweden, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +26.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+26.9% per year) and Sweden (+0.1% per year).

Export Prices by Country

In 2022, the average amino resin export price amounted to $X per ton, with an increase of 40% against the previous year. Overall, the export price, however, saw a pronounced decline. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to the Netherlands ($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 Poland (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Amino Resin Imports

Imports into Denmark

In 2022, overseas purchases of amino resins decreased by -9.9% to X tons, falling for the fifth consecutive year after four years of growth. Overall, total imports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -27.8% against 2017 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 38%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, amino resin imports contracted slightly to $X in 2022. Over the period under review, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of amino resin imports to Denmark, with a combined 89% share of total imports. Hungary, Norway and Spain lagged somewhat behind, together comprising a further 7.6%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +154.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest amino resin suppliers to Denmark were Germany ($X), the Netherlands ($X) and Belgium ($X), together accounting for 86% of total imports. Hungary, Norway and Spain lagged somewhat behind, together comprising a further 8.5%.

Hungary, with a CAGR of +153.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 5.8% against the previous year. In general, import price indicated mild growth 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 import price increased by +58.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 49%. Over the period under review, average import prices hit record highs 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 Spain ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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