Ireland: Amino Resin Market 2025

Amino Resin Market Size in Ireland

In 2022, the Irish amino resin market decreased by 0% to $X, falling for the fifth consecutive year after two years of growth. Overall, consumption posted strong growth. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Amino Resin Exports

Exports from Ireland

Amino resin exports from Ireland was estimated at X tons in 2022, leveling off at the previous year's figure. In general, exports continue to indicate a noticeable expansion. The pace of growth was the most pronounced in 2015 with an increase of 86,997%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, amino resin exports amounted to $X in 2022. Overall, exports faced a sharp descent. The pace of growth was the most pronounced in 2020 with an increase of 653%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for amino resin exports from Ireland, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to +38.5%.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at +31.6%.

Export Prices by Country

The average amino resin export price stood at $X per kg in 2022, remaining relatively unchanged against the previous year. Overall, the export price saw a precipitous slump. The pace of growth appeared the most rapid in 2013 an increase of 374% against the previous year. As a result, the export price reached the peak level of $X per kg. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to -5.0% per year.

Amino Resin Imports

Imports into Ireland

Amino resin imports into Ireland was estimated at X tons in 2022, almost unchanged from the previous year's figure. In general, imports continue to indicate a moderate increase. The pace of growth appeared the most rapid in 2015 with an increase of 28% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, amino resin imports amounted to $X in 2022. Overall, imports showed a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 37%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of amino resin to Ireland, with a 42% share of total imports. Moreover, amino resin imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+6.5% per year) and the Netherlands (+2.3% per year).

In value terms, the largest amino resin suppliers to Ireland were Germany ($X), Belgium ($X) and the Netherlands ($X), together accounting for 75% of total imports. China, South Korea, Hungary and the UK lagged somewhat behind, together comprising a further 23%.

Hungary, with a CAGR of +116.1%, saw 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

The average amino resin import price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price continues to indicate a tangible increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 42%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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 the UK ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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