Germany: Market for Urea Resins And Thiourea Resins In Primary Forms 2024

Market Size for Urea Resins And Thiourea Resins In Primary Forms in Germany

The German urea and thiourea resins market totaled $X in 2022, remaining relatively unchanged against the previous year. In general, consumption, however, recorded a pronounced slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Urea Resins And Thiourea Resins In Primary Forms in Germany

In value terms, urea and thiourea resins production rose modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep slump. The growth pace was the most rapid in 2014 with an increase of 12% against the previous year. Urea and thiourea resins production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Urea Resins And Thiourea Resins In Primary Forms

Exports from Germany

In 2022, exports of urea resins and thiourea resins in primary forms from Germany contracted significantly to X tons, which is down by -19.2% compared with the previous year's figure. Overall, exports continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 14%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, urea and thiourea resins exports expanded significantly to $X in 2022. Over the period under review, total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 +67.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 48% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

France (X tons), Switzerland (X tons) and Poland (X tons) were the main destinations of urea and thiourea resins exports from Germany, together accounting for 69% 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 Poland (with a CAGR of +13.5%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Switzerland ($X) and Italy ($X) constituted the largest markets for urea and thiourea resins exported from Germany worldwide, with a combined 54% share of total exports. Poland, Austria and Luxembourg lagged somewhat behind, together comprising a further 19%.

In terms of the main countries of destination, Poland, with a CAGR of +18.3%, 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

The average urea and thiourea resins export price stood at $X per ton in 2022, surging by 39% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, urea and thiourea resins export price increased by +102.5% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 45% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Poland ($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 Luxembourg (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Urea Resins And Thiourea Resins In Primary Forms

Imports into Germany

Urea and thiourea resins imports into Germany fell to X tons in 2022, which is down by -10.3% compared with 2021 figures. Over the period under review, total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +3.7% 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 +5.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, urea and thiourea resins imports skyrocketed to $X in 2022. In general, imports, however, recorded a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 81% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Poland (X tons) constituted the largest urea and thiourea resins supplier to Germany, accounting for a 65% share of total imports. Moreover, urea and thiourea resins imports from Poland exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold. Belgium (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland stood at +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-1.5% per year) and Belgium (+2.9% per year).

In value terms, Poland ($X) constituted the largest supplier of urea resins and thiourea resins in primary forms to Germany, comprising 62% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total imports. It was followed by Belgium, with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland stood at +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+4.2% per year) and Belgium (+8.7% per year).

Import Prices by Country

The average urea and thiourea resins import price stood at $X per ton in 2022, rising by 48% against the previous year. Over the period under review, the import price posted pronounced growth. The growth pace was the most rapid in 2021 when the average import price increased by 53%. The import price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Sweden ($X per ton) and Belgium ($X per ton), while the price for Poland ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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