Netherlands: Amino Resin Market 2024

Amino Resin Market Size in the Netherlands

In 2022, the Dutch amino resin market increased by 54% to $X, rising for the second year in a row after two years of decline. In general, consumption recorded a strong increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Amino Resin Production in the Netherlands

In value terms, amino resin production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 20%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Amino Resin Exports

Exports from the Netherlands

In 2022, amino resin exports from the Netherlands contracted to X tons, reducing by -6.7% on the previous year's figure. The total export volume increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 14% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, amino resin exports declined slightly to $X in 2022. In general, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +83.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 86%. As a result, the exports attained the peak of $X, and then reduced modestly in the following year.

Exports by Country

Germany (X tons), Belgium (X tons) and Poland (X tons) were the main destinations of amino resin exports from the Netherlands, together accounting for 36% of total exports. Italy, France, Russia, Turkey, the UK, Spain, the Czech Republic, the United States, the United Arab Emirates and Switzerland lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +65.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for amino resin exported from the Netherlands were Germany ($X), Belgium ($X) and France ($X), with a combined 36% share of total exports. Poland, Italy, Russia, the UK, Turkey, Spain, the Czech Republic, Switzerland, the United States and the United Arab Emirates lagged somewhat behind, together comprising a further 45%.

Among the main countries of destination, the United States, with a CAGR of +49.5%, 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 amino resin export price stood at $X per ton in 2022, increasing by 5.6% against the previous year. Over the period under review, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, amino resin export price increased by +73.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 64% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Switzerland ($X per ton) and France ($X per ton), while the average price for exports to Turkey ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Amino Resin Imports

Imports into the Netherlands

In 2022, overseas purchases of amino resins increased by 1.3% to X tons, rising for the second consecutive year after two years of decline. In general, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +7.6% 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 +35.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, amino resin imports skyrocketed to $X in 2022. Over the period under review, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 81%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

China (X tons), Germany (X tons) and Portugal (X tons) were the main suppliers of amino resin imports to the Netherlands, with a combined 83% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +135.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Portugal ($X) appeared to be the largest amino resin suppliers to the Netherlands, with a combined 81% share of total imports.

Among the main suppliers, China, with a CAGR of +145.3%, 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, jumping by 23% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 35% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Belgium ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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