Eastern Europe: Amino Resin Market 2025

Amino Resin Market Size in Eastern Europe

In 2022, after two years of growth, there was significant decline in the East European amino resin market, when its value decreased by -12.3% to $X. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +78.4% against 2012 indices. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Amino Resin Production in Eastern Europe

In value terms, amino resin production rose significantly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 24%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Amino Resin Exports

Exports in Eastern Europe

In 2022, amino resin exports in Eastern Europe expanded sharply to X tons, picking up by 12% against the year before. Total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -7.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 29%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, amino resin exports totaled $X in 2022. In general, exports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2017 when exports increased by 72%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Hungary was the key exporter of amino resins in Eastern Europe, with the volume of exports resulting at X tons, which was near 80% of total exports in 2022. It was distantly followed by Poland (X tons), mixing up a 14% share of total exports. Russia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to amino resin exports from Hungary stood at +6.1%. At the same time, Russia (+32.0%) and Poland (+14.1%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +32.0% from 2012-2022. From 2012 to 2022, the share of Poland and Russia increased by +6.3 and +2.5 percentage points, respectively.

In value terms, Hungary ($X) remains the largest amino resin supplier in Eastern Europe, comprising 84% of total exports. The second position in the ranking was taken by Poland ($X), with an 8.2% share of total exports.

In Hungary, amino resin exports increased at an average annual rate of +8.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+23.4% per year) and Russia (+30.0% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, falling by -9.1% against the previous year. Export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.0% 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 +79.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 97% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+8.2%), while the other leaders experienced mixed trends in the export price figures.

Amino Resin Imports

Imports in Eastern Europe

After two years of growth, purchases abroad of amino resins decreased by -13.3% to X tons in 2022. Overall, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 51% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, amino resin imports declined markedly to $X in 2022. In general, imports, however, showed buoyant growth. The growth pace was the most rapid in 2021 when imports increased by 102%. As a result, imports reached the peak of $X, and then shrank sharply in the following year.

Imports by Country

In 2022, Russia (X tons) and Poland (X tons) were the major importers of amino resins in Eastern Europe, together mixing up 57% of total imports. Belarus (X tons) ranks next in terms of the total imports with a 14% share, followed by Romania (8.8%) and the Czech Republic (7.9%). The following importers - Lithuania (X tons) and Latvia (X tons) - each accounted for a 5.5% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +18.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and Belarus ($X) were the countries with the highest levels of imports in 2022, with a combined 69% share of total imports. Romania, the Czech Republic, Latvia and Lithuania lagged somewhat behind, together comprising a further 24%.

In terms of the main importing countries, Latvia, with a CAGR of +18.1%, saw 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 import price in Eastern Europe stood at $X per ton in 2022, dropping by -3.8% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 61% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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