Germany: Epoxide Resin Market 2024

Epoxide Resin Market Size in Germany

In 2021, the German epoxide resin market increased by 162% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, recorded a perceptible decrease. Epoxide resin consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Epoxide Resin Production in Germany

In value terms, epoxide resin production surged to $X in 2021 estimated in export price. In general, production showed a buoyant expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Epoxide Resin Exports

Exports from Germany

In 2021, shipments abroad of epoxide resins was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when exports increased by 19% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, epoxide resin exports soared to $X in 2021. In general, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons), the Netherlands (X tons) and China (X tons) were the main destinations of epoxide resin exports from Germany, together accounting for 28% of total exports. These countries were followed by Turkey, the UK, Spain, France, Austria, Poland, Russia, the United States, Portugal and Sweden, which together accounted for a further 49%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +11.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for epoxide resin exported from Germany were Italy ($X), the UK ($X) and the Netherlands ($X), together accounting for 27% of total exports. These countries were followed by Turkey, France, Spain, China, Austria, the United States, Poland, Russia, Portugal and Sweden, which together accounted for a further 50%.

Turkey, with a CAGR of +14.7%, 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

In 2021, the average epoxide resin export price amounted to $X per ton, growing by 42% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. As a result, the export price reached 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 United States ($X per ton), while the average price for exports to Sweden ($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 (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Epoxide Resin Imports

Imports into Germany

After three years of decline, supplies from abroad of epoxide resins increased by 3.2% to X tons in 2021. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 7.7% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, epoxide resin imports soared to $X in 2021. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern 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

The Netherlands (X tons), Switzerland (X tons) and the Czech Republic (X tons) were the main suppliers of epoxide resin imports to Germany, with a combined 72% share of total imports. Austria, Italy, Poland, Belgium, South Korea, Spain and Thailand lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +10.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), the Netherlands ($X) and the Czech Republic ($X) constituted the largest epoxide resin suppliers to Germany, together comprising 66% of total imports. Italy, Austria, Poland, Belgium, South Korea, Spain and Thailand lagged somewhat behind, together accounting for a further 21%.

South Korea, with a CAGR of +13.4%, recorded the highest growth rate of the value of imports, among 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 2021, the average epoxide resin import price amounted to $X per ton, jumping by 37% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. 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 ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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