Netherlands: Phenolic Resins Market 2024

Phenolic Resins Market Size in the Netherlands

The Dutch phenolic resins market shrank to $X in 2021, with a decrease of -13.9% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then declined in the following year.

Phenolic Resins Production in the Netherlands

In value terms, phenolic resins production shrank remarkably to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 443%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Phenolic Resins Exports

Exports from the Netherlands

For the third year in a row, the Netherlands recorded growth in overseas shipments of phenolic resins in primary forms, which increased by 109% to X tons in 2021. Over the period under review, exports enjoyed prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, phenolic resins exports soared to $X in 2021. Overall, exports posted a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Bangladesh (X tons) was the main destination for phenolic resins exports from the Netherlands, accounting for a 63% share of total exports. Moreover, phenolic resins exports to Bangladesh exceeded the volume sent to the second major destination, Germany (X tons), tenfold. The third position in this ranking was taken by Italy (X tons), with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bangladesh totaled +375.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-5.9% per year) and Italy (+4.1% per year).

In value terms, Bangladesh ($X) emerged as the key foreign market for phenolic resins in primary forms exports from the Netherlands, comprising 41% of total exports. The second position in the ranking was held by Germany ($X), with an 11% share of total exports. It was followed by Luxembourg, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value to Bangladesh totaled +438.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+7.6% per year) and Luxembourg (+19.2% per year).

Export Prices by Country

In 2021, the average phenolic resins export price amounted to $X per ton, waning by -4.8% against the previous year. Overall, export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the average export price increased by 37%. The export price peaked at $X per ton in 2020, and then contracted modestly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Phenolic Resins Imports

Imports into the Netherlands

In 2021, phenolic resins imports into the Netherlands rose rapidly to X tons, increasing by 13% on the year before. Over the period under review, imports showed a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by 51%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, phenolic resins imports soared to $X in 2021. In general, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 39%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), Belgium (X tons) and Austria (X tons) were the main suppliers of phenolic resins imports to the Netherlands, together comprising 85% of total imports. These countries were followed by Portugal, the United States, Sweden, the UK and France, which together accounted for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +251.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest phenolic resins suppliers to the Netherlands were Belgium ($X), Germany ($X) and the United States ($X), together accounting for 70% of total imports. These countries were followed by the UK, Austria, Portugal, Sweden and France, which together accounted for a further 21%.

Sweden, with a CAGR of +198.5%, saw the highest growth rate of the value of imports, in terms of 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 phenolic resins import price stood at $X per ton in 2021, growing by 9.4% against the previous year. Overall, the import price, however, continues to indicate a perceptible reduction. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+10.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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