EU: Epoxide Resin Market 2024

Epoxide Resin Market Size in the EU

In 2021, the EU epoxide resin market was finally on the rise to reach $X after two years of decline. The total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, 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 the EU

In value terms, epoxide resin production surged to $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +39.3% against 2018 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Epoxide Resin Exports

Exports in the EU

In 2021, shipments abroad of epoxide resins was finally on the rise to reach X tons after three years of decline. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 7.9%. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, epoxide resin exports surged to $X in 2021. The total export value increased at an average annual rate of +3.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany represented the main exporter of epoxide resins in the European Union, with the volume of exports finishing at X tons, which was approx. 49% of total exports in 2021. It was distantly followed by the Netherlands (X tons), the Czech Republic (X tons) and Italy (X tons), together generating a 36% share of total exports. Spain (X tons), Poland (X tons) and Belgium (X tons) took a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to epoxide resin exports from Germany stood at +3.1%. At the same time, the Czech Republic (+7.6%) and Italy (+4.1%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +7.6% from 2012-2021. By contrast, Poland (-1.2%), the Netherlands (-3.1%), Spain (-3.2%) and Belgium (-7.7%) illustrated a downward trend over the same period. While the share of Germany (+9.1 p.p.), the Czech Republic (+4.8 p.p.) and Italy (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Spain (-1.8 p.p.), Belgium (-2.6 p.p.) and the Netherlands (-7.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest epoxide resin supplier in the European Union, comprising 51% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 15% share of total exports. It was followed by the Czech Republic, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value in Germany amounted to +5.4%. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+0.2% per year) and the Czech Republic (+11.3% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, surging by 43% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Belgium ($X per ton) and Germany ($X per ton), while the Czech Republic ($X per ton) and the Netherlands ($X per ton) were 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 the EU

In 2021, supplies from abroad of epoxide resins was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, epoxide resin imports surged to $X in 2021. The total import value increased at an average annual rate of +3.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons), distantly followed by Italy (X tons), the Netherlands (X tons), France (X tons), Spain (X tons), Poland (X tons) and Austria (X tons) represented the key importers of epoxide resins, together generating 80% of total imports. The following importers - Belgium (X tons), Sweden (X tons), Portugal (X tons), the Czech Republic (X tons) and Denmark (X tons) - together made up 12% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Poland (with a CAGR of +7.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest epoxide resin importing markets in the European Union were Germany ($X), Italy ($X) and the Netherlands ($X), with a combined 52% share of total imports. These countries were followed by France, Spain, Austria, Poland, Belgium, the Czech Republic, Sweden, Portugal and Denmark, which together accounted for a further 39%.

Poland, with a CAGR of +10.6%, saw the highest rates of growth with regard to the value of imports, among 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

In 2021, the import price in the European Union amounted to $X per ton, with an increase of 42% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the Czech Republic ($X per ton) and Denmark ($X per ton), while the Netherlands ($X per ton) and Italy ($X per ton) were 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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