MERCOSUR: Amino Resin Market 2025

Amino Resin Market Size in MERCOSUR

In 2022, the MERCOSUR amino resin market increased by 6.8% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption enjoyed a strong expansion. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Amino Resin Production in MERCOSUR

In value terms, amino resin production stood at $X in 2022 estimated in export price. In general, production enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of 41% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Amino Resin Exports

Exports in MERCOSUR

In 2022, shipments abroad of amino resins increased by 13% to X tons, rising for the third consecutive year after two years of decline. The total export volume increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 26%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, amino resin exports soared to $X in 2022. Total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +73.0% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 29% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Colombia (X tons) and Brazil (X tons) were the key exporters of amino resins in 2022, recording near 46% and 31% of total exports, respectively. Chile (X tons) ranks next in terms of the total exports with a 14% share, followed by Peru (9.6%).

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +29.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest amino resin supplying countries in MERCOSUR were Colombia ($X), Brazil ($X) and Peru ($X), with a combined 92% share of total exports.

Among the main exporting countries, Peru, with a CAGR of +27.2%, 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 export price in MERCOSUR stood at $X per ton in 2022, increasing by 4.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2018 when the export price increased by 34%. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+4.0%), while the other leaders experienced more modest paces of growth.

Amino Resin Imports

Imports in MERCOSUR

In 2022, approx. X tons of amino resins were imported in MERCOSUR; surging by 4.8% against 2021 figures. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +7.8% 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 +112.8% against 2012 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, amino resin imports soared to $X in 2022. Overall, imports enjoyed resilient growth. The growth pace was the most rapid in 2021 with an increase of 56% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Brazil represented the major importing country with an import of around X tons, which finished at 58% of total imports. Colombia (X tons) ranks second in terms of the total imports with a 22% share, followed by Argentina (11%). Chile (X tons), Peru (X tons) and Ecuador (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to amino resin imports into Brazil stood at +9.1%. At the same time, Ecuador (+27.9%), Chile (+16.0%), Argentina (+7.7%) and Colombia (+5.4%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +27.9% from 2012-2022. Peru experienced a relatively flat trend pattern. Brazil (+6.5 p.p.), Chile (+2.1 p.p.) and Ecuador (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Peru and Colombia saw its share reduced by -3% and -5.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported amino resins in MERCOSUR, comprising 57% of total imports. The second position in the ranking was held by Colombia ($X), with a 19% share of total imports. It was followed by Argentina, with an 11% share.

In Brazil, amino resin imports increased at an average annual rate of +11.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (+7.1% per year) and Argentina (+10.0% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, increasing by 15% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2021 an increase of 26% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Peru ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform