Italy: Amino Resin Market 2024

Amino Resin Market Size in Italy

In 2022, the Italian amino resin market increased by 3.9% to $X, rising for the second consecutive year after two years of decline. In general, consumption posted a resilient increase. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Amino Resin Production in Italy

In value terms, amino resin production surged to $X in 2022 estimated in export price. Over the period under review, production recorded a significant increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 991%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Amino Resin Exports

Exports from Italy

In 2022, exports of amino resins from Italy rose sharply to X tons, picking up by 5.9% compared with the previous year's figure. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 25%. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, amino resin exports amounted to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 23%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Egypt (X tons), the United Arab Emirates (X tons) and France (X tons) were the main destinations of amino resin exports from Italy, together accounting for 27% 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 the United Arab Emirates (with a CAGR of +43.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for amino resin exported from Italy were Russia ($X), Egypt ($X) and the United Arab Emirates ($X), together comprising 21% of total exports.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +35.0%, 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

In 2022, the average amino resin export price amounted to $X per ton, with a decrease of -2.4% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 42% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Egypt ($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 Poland (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Amino Resin Imports

Imports into Italy

In 2022, imports of amino resins into Italy shrank slightly to X tons, waning by -4.7% on the previous year's figure. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.1% 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 +12.7% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 27%. Imports peaked at X tons in 2021, and then contracted slightly in the following year.

In value terms, amino resin imports declined slightly to $X in 2022. In general, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 97% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of amino resin imports to Italy, with a combined 82% share of total imports. Spain, Hungary and South Korea lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +65.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest amino resin suppliers to Italy were Germany ($X), the Netherlands ($X) and Belgium ($X), together comprising 81% of total imports. Hungary, Spain and South Korea lagged somewhat behind, together accounting for a further 16%.

In terms of the main suppliers, Hungary, with a CAGR of +67.1%, recorded the highest rates of growth with regard to 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

In 2022, the average amino resin import price amounted to $X per ton, with an increase of 2.3% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% 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 +70.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 67%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Hungary ($X per ton) and the Netherlands ($X per ton), while the price for South Korea ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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