Eastern Europe: Epoxide Resin Market 2024

Epoxide Resin Market Size in Eastern Europe

After two years of decline, the East European epoxide resin market increased by 30% to $X in 2021. The market value increased at an average annual rate of +4.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Epoxide Resin Production in Eastern Europe

In value terms, epoxide resin production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 32%. Over the period under review, production attained the peak level in 2021 and is likely to see gradual growth in the immediate term.

Epoxide Resin Exports

Exports in Eastern Europe

In 2021, overseas shipments of epoxide resins increased by 16% to X tons, rising for the fourth year in a row after two years of decline. Total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +49.6% against 2017 indices. The most prominent rate of growth was recorded in 2015 when exports increased by 51%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, epoxide resin exports skyrocketed to $X in 2021. In general, exports showed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Czech Republic represented the largest exporting country with an export of around X tons, which reached 72% of total exports. It was distantly followed by Poland (X tons), creating a 21% share of total exports. Russia (X tons) and Hungary (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to epoxide resin exports from the Czech Republic stood at +7.6%. At the same time, Hungary (+12.5%) and Russia (+8.0%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +12.5% from 2012-2021. By contrast, Poland (-1.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Czech Republic increased by +14 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) remains the largest epoxide resin supplier in Eastern Europe, comprising 68% of total exports. The second position in the ranking was held by Poland ($X), with a 21% share of total exports. It was followed by Russia, with a 4.8% share.

In the Czech Republic, epoxide resin exports increased at an average annual rate of +11.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+3.7% per year) and Russia (+8.9% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, with an increase of 63% against the previous year. Export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+4.9%), while the other leaders experienced more modest paces of growth.

Epoxide Resin Imports

Imports in Eastern Europe

In 2021, approx. X tons of epoxide resins were imported in Eastern Europe; increasing by 14% compared with 2020. The total import volume increased at an average annual rate of +5.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 23% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, epoxide resin imports skyrocketed to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +9.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) was the major importer of epoxide resins, achieving 46% of total imports. Poland (X tons) held the second position in the ranking, distantly followed by the Czech Republic (X tons), Hungary (X tons), Slovakia (X tons) and Romania (X tons). All these countries together held near 47% share of total imports. Ukraine (X tons) held a minor share of total imports.

Imports into Russia increased at an average annual rate of +7.3% from 2012 to 2021. At the same time, Hungary (+11.9%), Poland (+7.3%), Slovakia (+6.2%) and Romania (+4.2%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +11.9% from 2012-2021. By contrast, Ukraine (-1.1%) and the Czech Republic (-4.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Russia, Poland and Hungary increased by +7.7, +3.4 and +2.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported epoxide resins in Eastern Europe, comprising 44% of total imports. The second position in the ranking was held by Poland ($X), with a 21% share of total imports. It was followed by the Czech Republic, with a 10% share.

In Russia, epoxide resin imports increased at an average annual rate of +12.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Poland (+10.6% per year) and the Czech Republic (+4.0% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, with an increase of 40% against the previous year. Import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+9.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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