Greece: Amino-Resin Market 2024

Amino-Resin Market Size in Greece

The Greek amino-resin market dropped to $X in 2022, with a decrease of X% against the previous year. In general, consumption saw a abrupt downturn. Amino-resin consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Amino-Resin Production in Greece

In value terms, amino-resin production soared to $X in 2022 estimated in export price. In general, production, however, recorded a sharp contraction. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Amino-Resin Exports

Exports from Greece

In 2022, the amount of amino-resins, phenolic resins and polyurethanes (in primary forms) exported from Greece expanded remarkably to X tons, increasing by X% compared with the previous year's figure. Over the period under review, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, amino-resin exports stood at $X in 2022. In general, exports posted buoyant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Spain (X tons), Lebanon (X tons) and Turkey (X tons) were the main destinations of amino-resin exports from Greece, together accounting for X% of total exports. Albania, Cyprus, Israel, Iraq, India, Italy, France, Australia, Bulgaria and Nigeria lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for amino-resin exported from Greece were Spain ($X), Lebanon ($X) and Turkey ($X), with a combined X% share of total exports. Albania, France, Cyprus, Israel, India, Iraq, Australia, Bulgaria, Italy and Nigeria lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, India, with a CAGR of X%, 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 amino-resin export price amounted to $X per ton, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined slightly in the following year.

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

Amino-Resin Imports

Imports into Greece

In 2022, approx. X tons of amino-resins, phenolic resins and polyurethanes (in primary forms) were imported into Greece; waning by X% compared with the previous year. Overall, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2014 indices. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, amino-resin imports fell slightly to $X in 2022. Over the period under review, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted modestly in the following year.

Imports by Country

In 2022, Turkey (X tons) constituted the largest amino-resin supplier to Greece, accounting for a X% share of total imports. Moreover, amino-resin imports from Turkey exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sixfold. South Korea (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and South Korea (X% per year).

In value terms, the largest amino-resin suppliers to Greece were Turkey ($X), Belgium ($X) and Italy ($X), together accounting for X% of total imports. Germany, South Korea, the Netherlands, Hungary, Spain and Romania lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, South Korea, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 X% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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