Germany: Amino Resin Market 2024

Amino Resin Market Size in Germany

In 2022, the German amino resin market decreased by -46.7% to $X, falling for the fourth consecutive year after three years of growth. Overall, consumption showed a mild decrease. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Amino Resin Production in Germany

In value terms, amino resin production expanded remarkably to $X in 2022 estimated in export price. Overall, the total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +86.1% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 62% against the previous year. Over the period under review, production attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Amino Resin Exports

Exports from Germany

In 2022, after three years of growth, there was significant decline in shipments abroad of amino resins, when their volume decreased by -8.1% to X tons. The total export volume increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 12% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then fell in the following year.

In value terms, amino resin exports rose modestly to $X in 2022. Overall, total exports indicated a prominent expansion 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, exports increased by +73.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 65% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

Belgium (X tons), the Netherlands (X tons) and Poland (X tons) were the main destinations of amino resin exports from Germany, together comprising 49% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +13.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for amino resin exported from Germany were Belgium ($X), the Netherlands ($X) and Poland ($X), with a combined 46% share of total exports.

Belgium, with a CAGR of +15.6%, recorded the highest growth rate of 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

In 2022, the average amino resin export price amounted to $X per ton, increasing by 13% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, amino resin export price increased by +71.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 51%. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Poland ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to the Netherlands ($X per ton) and the UK ($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 Poland (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Amino Resin Imports

Imports into Germany

Amino resin imports into Germany declined to X tons in 2022, which is down by -8.1% on the year before. The total import volume increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by 26% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, amino resin imports declined to $X in 2022. In general, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +72.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 81%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and Hungary (X tons) were the main suppliers of amino resin imports to Germany, with a combined 84% share of total imports. Poland, South Korea and Spain lagged somewhat behind, together accounting for a further 10%.

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 +259.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest amino resin suppliers to Germany were Belgium ($X), the Netherlands ($X) and Hungary ($X), together comprising 85% of total imports. South Korea, Spain and Poland lagged somewhat behind, together comprising a further 7.9%.

South Korea, with a CAGR of +258.3%, recorded the highest growth rate of 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

The average amino resin import price stood at $X per ton in 2022, growing by 3.8% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.0% 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 +73.1% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 67%. The import price peaked in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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