EU: Alkyd Resins Market 2024

Alkyd Resins Market Size in the EU

In 2022, the EU alkyd resins market increased by 0.3% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

Alkyd Resins Production in the EU

In value terms, alkyd resins production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 16% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Alkyd Resins Exports

Exports in the EU

After three years of growth, shipments abroad of alkyd resins in primary forms decreased by -20.2% to X tons in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 8.9%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then contracted markedly in the following year.

In value terms, alkyd resins exports dropped to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 19% against the previous year. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

In 2022, Germany (X tons), the Netherlands (X tons) and Italy (X tons) was the major exporter of alkyd resins in primary forms in the European Union, mixing up 56% of total export. Belgium (X tons) took a 7.7% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (6.1%), Spain (5.6%), Poland (4.8%) and Austria (4.8%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Netherlands (with a CAGR of +5.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest alkyd resins supplying countries in the European Union were Germany ($X), the Netherlands ($X) and Italy ($X), with a combined 58% share of total exports.

Among the main exporting countries, the Netherlands, with a CAGR of +5.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, rising by 19% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.1%), while the other leaders experienced more modest paces of growth.

Alkyd Resins Imports

Imports in the EU

In 2022, after two years of growth, there was significant decline in purchases abroad of alkyd resins in primary forms, when their volume decreased by -21.5% to X tons. Overall, imports showed a noticeable setback. The most prominent rate of growth was recorded in 2016 with an increase of 5.1% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, alkyd resins imports contracted to $X in 2022. Over the period under review, imports showed a mild slump. The pace of growth appeared the most rapid in 2021 when imports increased by 27%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the five major importers of alkyd resins in primary forms, namely Germany, France, the Netherlands, Spain and Belgium, represented more than two-thirds of total import. Italy (X tons) took a 4.6% share (based on physical terms) of total imports, which put it in second place, followed by Poland (4.5%). Finland (X tons), Sweden (X tons), Romania (X tons), Denmark (X tons), Portugal (X tons) and Austria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +9.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2022, together comprising 48% of total imports. Spain, Belgium, Italy, Poland, Sweden, Finland, Denmark, Romania, Portugal and Austria lagged somewhat behind, together accounting for a further 45%.

In terms of the main importing countries, Romania, with a CAGR of +11.0%, recorded the highest growth rate of 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 the European Union stood at $X per ton in 2022, increasing by 15% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2021 when the import price increased by 21%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Austria ($X per ton) and Denmark ($X per ton), while Romania ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+1.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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