Netherlands: Market for Urea Resins And Thiourea Resins In Primary Forms 2024

Market Size for Urea Resins And Thiourea Resins In Primary Forms in the Netherlands

The Dutch urea and thiourea resins market stood at $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -18.4% against 2020 indices. Urea and thiourea resins consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Urea Resins And Thiourea Resins In Primary Forms in the Netherlands

In value terms, urea and thiourea resins production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 41% against the previous year. Urea and thiourea resins production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Urea Resins And Thiourea Resins In Primary Forms

Exports from the Netherlands

In 2022, shipments abroad of urea resins and thiourea resins in primary forms increased by 16% to X tons, rising for the second consecutive year after two years of decline. In general, total exports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.2% 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 +78.8% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 55%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, urea and thiourea resins exports soared to $X in 2022. Overall, exports recorded a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by 74%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons) was the main destination for urea and thiourea resins exports from the Netherlands, with a approx. 97% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +1.1%.

In value terms, Germany ($X) also remains the key foreign market for urea resins and thiourea resins in primary forms exports from the Netherlands.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +6.0%.

Export Prices by Country

In 2022, the average urea and thiourea resins export price amounted to $X per ton, picking up by 17% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, urea and thiourea resins export price increased by +109.6% against 2015 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +4.9% per year.

Imports of Urea Resins And Thiourea Resins In Primary Forms

Imports into the Netherlands

In 2022, supplies from abroad of urea resins and thiourea resins in primary forms increased by 5.8% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2016 when imports increased by 16%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, urea and thiourea resins imports surged to $X in 2022. Over the period under review, imports, however, saw a mild reduction. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Belgium (X tons), Germany (X tons) and the UK (X tons) were the main suppliers of urea and thiourea resins imports to the Netherlands, together accounting for 77% of total imports. Ireland, Sweden, India and the United States lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +147.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of urea resins and thiourea resins in primary forms to the Netherlands, comprising 49% of total imports. The second position in the ranking was taken by Belgium ($X), with a 15% share of total imports. It was followed by the UK, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-2.5% per year) and the UK (+43.2% per year).

Import Prices by Country

In 2022, the average urea and thiourea resins import price amounted to $X per ton, with an increase of 20% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, urea and thiourea resins import price increased by +29.0% against 2019 indices. The growth pace was the most rapid in 2015 an increase of 82% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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