Estonia: Amino-Resin Market 2024

Amino-Resin Market Size in Estonia

After three years of growth, the Estonian amino-resin market decreased by X% to $X in 2022. In general, the total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2017 indices. As a result, consumption reached the peak level of $X, and then contracted significantly in the following year.

Amino-Resin Production in Estonia

In value terms, amino-resin production declined modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a deep slump. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Amino-resin production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Amino-Resin Exports

Exports from Estonia

After two years of growth, overseas shipments of amino-resins, phenolic resins and polyurethanes (in primary forms) decreased by X% to X tons in 2022. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, amino-resin exports shrank dramatically to $X in 2022. In general, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons), Germany (X tons) and Latvia (X tons) were the main destinations of amino-resin exports from Estonia, together accounting for X% of total exports. Romania, Poland, Brazil, Lithuania, France, Italy, Slovakia, Finland, Turkey and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the largest markets for amino-resin exported from Estonia were Russia ($X), Germany ($X) and Latvia ($X), with a combined X% share of total exports. Romania, Lithuania, France, Brazil, Poland, Turkey, Finland, Slovakia, Bosnia and Herzegovina and Italy lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average amino-resin export price amounted to $X per ton, jumping by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

Amino-Resin Imports

Imports into Estonia

After three years of growth, overseas purchases of amino-resins, phenolic resins and polyurethanes (in primary forms) decreased by X% to X tons in 2022. Over the period under review, imports showed a perceptible decrease. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then declined remarkably in the following year.

In value terms, amino-resin imports declined to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

In 2022, Finland (X tons) constituted the largest supplier of amino-resin to Estonia, accounting for a X% share of total imports. Moreover, amino-resin imports from Finland exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Hungary (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Finland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Hungary (X% per year).

In value terms, the largest amino-resin suppliers to Estonia were Germany ($X), Finland ($X) and Hungary ($X), together accounting for X% of total imports.

Finland, with a CAGR of X%, saw 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

The average amino-resin import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked 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 Sweden ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform