Germany: Resinoids Market 2024

Resinoids Market Size in Germany

The German resinoids market contracted to $X in 2022, waning by -3.8% against the previous year. Overall, consumption saw a abrupt setback. Resinoids consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Resinoids Production in Germany

In value terms, resinoids production contracted to $X in 2022 estimated in export price. Overall, production saw a deep downturn. The growth pace was the most rapid in 2013 with an increase of 44% against the previous year. Resinoids production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Resinoids Exports

Exports from Germany

For the sixth consecutive year, Germany recorded decline in overseas shipments of resinoids, which decreased by -13.3% to X tons in 2022. Overall, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2016 with an increase of 8.5%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, resinoids exports declined to $X in 2022. Over the period under review, exports showed a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by 21% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Austria (X tons), the United States (X tons) and Switzerland (X tons) were the main destinations of resinoids exports from Germany, together accounting for 52% of total exports. Spain, France, Portugal, Singapore, Brazil, Italy, Colombia, Russia, China and Belgium lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +37.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for resinoids exported from Germany were Spain ($X), the United States ($X) and Italy ($X), with a combined 60% share of total exports.

In terms of the main countries of destination, Spain, with a CAGR of +54.3%, recorded the highest growth rate of 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

The average resinoids export price stood at $X per ton in 2022, picking up by 5.1% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, resinoids export price increased by +59.4% against 2019 indices. The growth pace was the most rapid in 2013 an increase of 44% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Switzerland ($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 Italy (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Resinoids Imports

Imports into Germany

In 2022, purchases abroad of resinoids decreased by -25.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2017 when imports increased by 27%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, resinoids imports fell remarkably to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 72% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

India (X tons), France (X tons) and Spain (X tons) were the main suppliers of resinoids imports to Germany, with a combined 75% share of total imports. China, Canada, the United States, Italy and the UK lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +24.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of resinoids to Germany, comprising 59% of total imports. The second position in the ranking was taken by Canada ($X), with a 14% share of total imports. It was followed by India, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+12.6% per year) and India (-1.0% per year).

Import Prices by Country

In 2022, the average resinoids import price amounted to $X per ton, declining by -12.2% against the previous year. Overall, the import price, however, showed a notable increase. The growth pace was the most rapid in 2013 an increase of 49% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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