Europe: Resinoids Market 2022

Resinoids Market Size in Europe

After six years of decline, the Europe resinoids market increased by 2.7% to $X in 2021. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Resinoids Production in Europe

In value terms, resinoids production rose rapidly to $X in 2021 estimated in export price. Over the period under review, production saw a mild reduction. The pace of growth was the most pronounced in 2014 with an increase of 46%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Resinoids Exports

Exports in Europe

In 2021, the amount of resinoids exported in Europe soared to X tons, surging by 47% on the year before. In general, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 55%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, resinoids exports skyrocketed to $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% 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 +35.6% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK represented the main exporter of resinoids in Europe, with the volume of exports recording X tons, which was approx. 51% of total exports in 2021. France (X tons) ranks second in terms of the total exports with a 12% share, followed by Italy (8.6%), Spain (8.5%), Belgium (7.3%) and the Netherlands (4.6%). Ireland (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to resinoids exports from the UK stood at +14.4%. At the same time, Ireland (+75.4%), Belgium (+50.9%), Italy (+29.0%), the Netherlands (+24.3%) and Spain (+11.0%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing exporter exported in Europe, with a CAGR of +75.4% from 2012-2021. By contrast, France (-3.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the UK, Italy, Belgium, the Netherlands, Ireland and Spain increased by +24, +7.1, +7, +3.5, +3.4 and +2.6 percentage points, respectively.

In value terms, the largest resinoids supplying countries in Europe were France ($X), the UK ($X) and Spain ($X), with a combined 65% share of total exports. These countries were followed by the Netherlands, Ireland, Italy and Belgium, which together accounted for a further 22%.

Ireland, with a CAGR of +113.3%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, declining by -14.4% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 41%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+21.7%), while the other leaders experienced more modest paces of growth.

Resinoids Imports

Imports in Europe

In 2021, approx. X tons of resinoids were imported in Europe; picking up by 6.5% compared with 2020. Over the period under review, imports showed measured growth. The growth pace was the most rapid in 2014 with an increase of 77% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, resinoids imports rose markedly to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +69.9% against 2016 indices. The growth pace was the most rapid in 2014 when imports increased by 31%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Poland (X tons), the UK (X tons), France (X tons) and the Czech Republic (X tons) represented the largest importer of resinoids in Europe, achieving 64% of total import. Italy (X tons) ranks next in terms of the total imports with a 7.9% share, followed by Austria (5.6%) and Spain (4.6%).

From 2012 to 2021, the biggest increases were in Poland (with a CAGR of +78.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the UK ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2021, with a combined 47% share of total imports. These countries were followed by Spain, Austria, Poland and the Czech Republic, which together accounted for a further 18%.

Poland, with a CAGR of +47.7%, 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

In 2021, the import price in Europe amounted to $X per ton, growing by 3.8% against the previous year. Import price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, resinoids import price increased by +109.5% against 2015 indices. The most prominent rate of growth was recorded in 2016 an increase of 61% against the previous year. Over the period under review, import prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+25.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform