France: Amino Resin Market 2024

Amino Resin Market Size in France

In 2022, the French amino resin market increased by 2% to $X, rising for the second consecutive year after three years of decline. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +63.8% against 2020 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Amino Resin Production in France

In value terms, amino resin production declined to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by 293% against the previous year. Amino resin production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Amino Resin Exports

Exports from France

In 2022, the amount of amino resins exported from France dropped to X tons, shrinking by -10.4% against 2021 figures. Overall, exports, however, recorded temperate growth. The growth pace was the most rapid in 2017 when exports increased by 94%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, amino resin exports contracted to $X in 2022. In general, total exports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.6% 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 +41.1% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 109% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Poland (X tons), Germany (X tons) and India (X tons) were the main destinations of amino resin exports from France, together comprising 38% of total exports. Italy, Algeria, Belgium, Turkey, Australia, China, the Netherlands, Spain, South Korea and Mexico lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +100.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for amino resin exported from France were Germany ($X), Poland ($X) and Italy ($X), together accounting for 40% of total exports. China, India, Turkey, Algeria, Belgium, the Netherlands, South Korea, Australia, Spain and Mexico lagged somewhat behind, together accounting for a further 40%.

Australia, with a CAGR of +76.8%, saw the highest rates of growth with regard to the value of exports, in terms of 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 amino resin export price stood at $X per ton in 2022, increasing by 1.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2021 when the average export price increased by 28%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to India ($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 Turkey (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Amino Resin Imports

Imports into France

Amino resin imports into France expanded rapidly to X tons in 2022, with an increase of 5.5% on the previous year. Overall, total imports indicated tangible growth from 2012 to 2022: its volume 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, imports increased by +43.7% against 2018 indices. The growth pace was the most rapid in 2017 with an increase of 27% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, amino resin imports contracted modestly to $X in 2022. In general, imports recorded a resilient increase. The pace of growth was the most pronounced in 2021 when imports increased by 98%. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

Germany (X tons), Belgium (X tons) and Hungary (X tons) were the main suppliers of amino resin imports to France, with a combined 70% share of total imports. The Netherlands, Spain, South Korea and Italy lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +129.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Hungary ($X) appeared to be the largest amino resin suppliers to France, with a combined 67% share of total imports. The Netherlands, Spain, South Korea and Italy lagged somewhat behind, together accounting for a further 29%.

Among the main suppliers, South Korea, with a CAGR of +91.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average amino resin import price stood at $X per ton in 2022, which is down by -5.3% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.4% 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 +61.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 70%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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