EU: Amino Resin Market 2024

Amino Resin Market Size in the EU

In 2022, after two years of growth, there was decline in the EU amino resin market, when its value decreased by -2% to $X. Overall, consumption, however, enjoyed a buoyant increase. Over the period under review, the market hit record highs at $X in 2021, and then fell modestly in the following year.

Amino Resin Production in the EU

In value terms, amino resin production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 25%. Over the period under review, production attained the peak level at $X in 2018; afterwards, it flattened through to 2022.

Amino Resin Exports

Exports in the EU

After three years of growth, overseas shipments of amino resins decreased by -9.1% to X tons in 2022. The total export volume increased at an average annual rate of +3.4% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2013 with an increase of 20% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, amino resin exports fell slightly to $X in 2022. Total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.5% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 82%. As a result, the exports reached the peak of $X, and then dropped modestly in the following year.

Exports by Country

The biggest shipments were from Germany (X tons), Belgium (X tons) and the Netherlands (X tons), together recording 72% of total export. It was distantly followed by Hungary (X tons), Portugal (X tons) and Spain (X tons), together committing a 23% share of total exports. Poland (X tons) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Poland (with a CAGR of +14.1%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and the Netherlands ($X) constituted the countries with the highest levels of exports in 2022, with a combined 73% share of total exports. Hungary, Spain, Portugal and Poland lagged somewhat behind, together comprising a further 24%.

In terms of the main exporting countries, Poland, with a CAGR of +23.4%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, with an increase of 5.2% against the previous year. Export price indicated a mild expansion from 2012 to 2022: its price 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, amino resin export price increased by +70.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when the export price increased by 62%. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

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 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 more modest paces of growth.

Amino Resin Imports

Imports in the EU

In 2022, purchases abroad of amino resins decreased by -9.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.4% 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 +26.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 20%. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, amino resin imports declined modestly to $X in 2022. In general, imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 88% against the previous year. As a result, imports attained the peak of $X, and then contracted modestly in the following year.

Imports by Country

In 2022, the Netherlands (X tons), distantly followed by Poland (X tons), Italy (X tons), Germany (X tons), France (X tons), Belgium (X tons) and Spain (X tons) represented the key importers of amino resins, together achieving 79% of total imports. Romania (X tons), the Czech Republic (X tons), Ireland (X tons) and Austria (X tons) took a relatively small share of total imports.

Imports into the Netherlands increased at an average annual rate of +7.6% from 2012 to 2022. At the same time, Poland (+12.1%), Belgium (+10.7%), Romania (+9.4%), Spain (+7.6%), the Czech Republic (+6.5%), Italy (+6.1%), France (+4.1%), Austria (+3.2%), Ireland (+2.5%) and Germany (+1.7%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the European Union, with a CAGR of +12.1% from 2012-2022. From 2012 to 2022, the share of Poland, the Netherlands and Belgium increased by +4.6, +2.5 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest amino resin importing markets in the European Union were the Netherlands ($X), Poland ($X) and Italy ($X), with a combined 44% share of total imports.

Poland, with a CAGR of +14.6%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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, picking up by 6% against the previous year. Import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.5% 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 +66.7% against 2020 indices. The growth pace was the most rapid in 2021 when the import price increased by 57%. The level of import peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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