France: Epoxide Resin Market 2024

Epoxide Resin Market Size in France

The French epoxide resin market surged to $X in 2021, rising by 57% against the previous year. Over the period under review, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +73.2% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Epoxide Resin Production in France

In value terms, epoxide resin production fell modestly to $X in 2021 estimated in export price. In general, the total production indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.0% 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 +16.2% against 2017 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 35%. Epoxide resin production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Epoxide Resin Exports

Exports from France

In 2021, overseas shipments of epoxide resins were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 27%. The exports peaked at X tons in 2018; however, from 2019 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 +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when exports increased by 29%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Spain (X tons) and Italy (X tons) were the main destinations of epoxide resin exports from France, with a combined 43% share of total exports. These countries were followed by Switzerland, Denmark, Turkey, Poland, the UK, Greece, Belgium, Algeria, Russia and the Netherlands, which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Greece (with a CAGR of +68.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for epoxide resin exported from France were Germany ($X), Spain ($X) and Italy ($X), together accounting for 38% of total exports. These countries were followed by Turkey, the UK, Switzerland, Poland, Denmark, Algeria, Russia, Greece, Belgium and the Netherlands, which together accounted for a further 30%.

In terms of the main countries of destination, Greece, with a CAGR of +49.7%, 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

In 2021, the average epoxide resin export price amounted to $X per ton, surging by 5.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2019 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Epoxide Resin Imports

Imports into France

In 2021, overseas purchases of epoxide resins were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed 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. Overall, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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) constituted the largest epoxide resin supplier to France, with a 34% share of total imports. Moreover, epoxide resin imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-0.3% per year) and South Korea (+18.9% per year).

In value terms, Germany ($X) constituted the largest supplier of epoxide resins to France, comprising 33% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 14% share of total imports. It was followed by Belgium, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+2.1% per year) and Belgium (+12.3% per year).

Import Prices by Country

The average epoxide resin import price stood at $X per ton in 2021, picking up by 56% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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