Germany: Alkyd Resins Market 2024

Alkyd Resins Market Size in Germany

The German alkyd resins market expanded rapidly to $X in 2022, growing by 9% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Alkyd Resins Production in Germany

In value terms, alkyd resins production expanded remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when the production volume increased by 23% against the previous year. Over the period under review, production attained the peak level in 2022 and is expected to retain growth in the immediate term.

Alkyd Resins Exports

Exports from Germany

After two years of growth, shipments abroad of alkyd resins in primary forms decreased by -23.2% to X tons in 2022. Over the period under review, exports continue to indicate a slight setback. The pace of growth appeared the most rapid in 2016 when exports increased by 16% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, alkyd resins exports shrank to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

The Netherlands (X tons), France (X tons) and the United States (X tons) were the main destinations of alkyd resins exports from Germany, with a combined 50% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +29.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for alkyd resins exported from Germany were the Netherlands ($X), the United States ($X) and France ($X), together accounting for 49% of total exports.

Among the main countries of destination, the United States, with a CAGR of +29.8%, recorded 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 2022, the average alkyd resins export price amounted to $X per ton, growing by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Switzerland ($X per ton) and Austria ($X per ton), while the average price for exports to the UK ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Alkyd Resins Imports

Imports into Germany

In 2022, approx. X tons of alkyd resins in primary forms were imported into Germany; which is down by -13.3% compared with the previous year. In general, imports saw a noticeable setback. The most prominent rate of growth was recorded in 2016 with an increase of 13%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, alkyd resins imports expanded modestly to $X in 2022. Overall, imports showed a noticeable descent. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), Italy (X tons) and the Netherlands (X tons) were the main suppliers of alkyd resins imports to Germany, with a combined 61% share of total imports. Austria, France, the UK, Slovenia, the Czech Republic, Switzerland and Poland lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +6.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Italy ($X) and Austria ($X) constituted the largest alkyd resins suppliers to Germany, together accounting for 56% of total imports. The Netherlands, France, the UK, Slovenia, the Czech Republic, Switzerland and Poland lagged somewhat behind, together comprising a further 36%.

Slovenia, with a CAGR of +5.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average alkyd resins import price amounted to $X per ton, surging by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2021 an increase of 30%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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