Europe: Market for Urea Resins And Thiourea Resins In Primary Forms 2025

Market Size for Urea Resins And Thiourea Resins In Primary Forms in Europe

In 2022, the Europe urea and thiourea resins market increased by 7.6% to $X, rising for the second consecutive year after two years of decline. Overall, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Urea Resins And Thiourea Resins In Primary Forms in Europe

In value terms, urea and thiourea resins production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by 18%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Urea Resins And Thiourea Resins In Primary Forms

Exports in Europe

Urea and thiourea resins exports dropped to X tons in 2022, which is down by -12.1% compared with 2021. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 8%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, urea and thiourea resins exports surged to $X in 2022. Total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.2% 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 +82.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 52%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

In 2022, Poland (X tons), Germany (X tons) and Belgium (X tons) represented the largest exporter of urea resins and thiourea resins in primary forms in Europe, comprising 55% of total export. Russia (X tons) held the next position in the ranking, followed by Portugal (X tons) and the Netherlands (X tons). All these countries together took near 22% share of total exports. Romania (X tons), the Czech Republic (X tons), Slovakia (X tons), Spain (X tons), Belarus (X tons) and Sweden (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belarus (with a CAGR of +53.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest urea and thiourea resins supplying countries in Europe were Germany ($X), Poland ($X) and Belgium ($X), together accounting for 56% of total exports. Portugal, the Netherlands, Sweden, Romania, Russia, the Czech Republic, Spain, Slovakia and Belarus lagged somewhat behind, together comprising a further 34%.

In terms of the main exporting countries, Belarus, with a CAGR of +58.5%, 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 Europe stood at $X per ton in 2022, with an increase of 36% against the previous year. Export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, urea and thiourea resins export price increased by +96.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by 44%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain 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 Sweden ($X per ton), while Russia ($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 (+6.2%), while the other leaders experienced more modest paces of growth.

Imports of Urea Resins And Thiourea Resins In Primary Forms

Imports in Europe

Urea and thiourea resins imports dropped to X tons in 2022, which is down by -11.6% against the previous year. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 15%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, urea and thiourea resins imports surged to $X in 2022. Total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +104.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 67% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X tons) represented the largest importer of urea resins and thiourea resins in primary forms, comprising 29% of total imports. It was distantly followed by France (X tons), Poland (X tons), Belarus (X tons), Ukraine (X tons) and Austria (X tons), together creating a 41% share of total imports. The following importers - Spain (X tons), Italy (X tons), Switzerland (X tons), Bulgaria (X tons), Hungary (X tons), Lithuania (X tons) and Slovakia (X tons) - together made up 21% of total imports.

Imports into Germany increased at an average annual rate of +3.7% from 2012 to 2022. At the same time, Lithuania (+14.5%), Poland (+14.0%), Belarus (+12.5%), Slovakia (+6.4%), Ukraine (+4.6%), Hungary (+1.4%) and Italy (+1.3%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing importer imported in Europe, with a CAGR of +14.5% from 2012-2022. Bulgaria experienced a relatively flat trend pattern. By contrast, Switzerland (-1.6%), Spain (-2.8%), Austria (-5.2%) and France (-5.6%) illustrated a downward trend over the same period. While the share of Germany (+7.7 p.p.), Poland (+7.1 p.p.), Belarus (+4.6 p.p.) and Ukraine (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Spain (-1.6 p.p.), Austria (-4.2 p.p.) and France (-11.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported urea resins and thiourea resins in primary forms in Europe, comprising 28% of total imports. The second position in the ranking was taken by France ($X), with a 14% share of total imports. It was followed by Poland, with a 7.9% share.

In Germany, urea and thiourea resins imports increased at an average annual rate of +8.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: France (+0.1% per year) and Poland (+15.3% per year).

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, jumping by 39% against the previous year. Import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, urea and thiourea resins import price increased by +100.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by 45%. Over the period under review, import prices attained the maximum in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform