France: Alkyd Resins Market 2024

Alkyd Resins Market Size in France

The French alkyd resins market fell to $X in 2022, with a decrease of -6.8% against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Alkyd Resins Production in France

In value terms, alkyd resins production dropped slightly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 221% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Alkyd Resins Exports

Exports from France

In 2022, the amount of alkyd resins in primary forms exported from France plummeted to X tons, dropping by -59.1% against 2021. Over the period under review, exports showed a abrupt descent. The growth pace was the most rapid in 2018 when exports increased by 36%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, alkyd resins exports fell sharply to $X in 2022. Overall, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2013 with an increase of 33%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons), Belgium (X tons) and Austria (X tons) were the main destinations of alkyd resins exports from France, with a combined 43% share of total exports. Algeria, Cote d'Ivoire, Spain, Tunisia, Italy, the UK, Poland, Switzerland, Cambodia and the Czech Republic lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the biggest increases were recorded for Algeria (with a CAGR of +65.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and Cote d'Ivoire ($X) appeared to be the largest markets for alkyd resins exported from France worldwide, together comprising 42% of total exports.

Austria, with a CAGR of +56.8%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average alkyd resins export price stood at $X per ton in 2022, growing by 63% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, alkyd resins export price increased by +75.7% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Alkyd Resins Imports

Imports into France

In 2022, after two years of growth, there was significant decline in overseas purchases of alkyd resins in primary forms, when their volume decreased by -32.7% to X tons. Overall, imports saw a noticeable reduction. The most prominent rate of growth was recorded in 2017 with an increase of 34%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, alkyd resins imports dropped rapidly to $X in 2022. Over the period under review, imports showed a perceptible decrease. The pace of growth was the most pronounced in 2017 with an increase of 37% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of alkyd resins to France, accounting for a 43% share of total imports. Moreover, alkyd resins imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-7.1% per year) and the Netherlands (-3.8% per year).

In value terms, Germany ($X) constituted the largest supplier of alkyd resins in primary forms to France, comprising 40% of total imports. The second position in the ranking was held by Spain ($X), with a 17% share of total imports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-4.4% per year) and the Netherlands (-4.0% per year).

Import Prices by Country

In 2022, the average alkyd resins import price amounted to $X per ton, growing by 20% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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