Poland: Phenolic Resins Market 2024

Phenolic Resins Market Size in Poland

The Polish phenolic resins market soared to $X in 2021, with an increase of 54% against the previous year. Overall, consumption continues to indicate resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Phenolic Resins Production in Poland

In value terms, phenolic resins production skyrocketed to $X in 2021 estimated in export price. Overall, production recorded buoyant growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Phenolic Resins Exports

Exports from Poland

In 2021, approx. X tons of phenolic resins in primary forms were exported from Poland; growing by 14% compared with the year before. Overall, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +8.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +113.9% against 2012 indices. The most prominent rate of growth was recorded in 2017 with an increase of 30%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, phenolic resins exports skyrocketed to $X in 2021. In general, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for phenolic resins exports from Poland, accounting for a 40% share of total exports. Moreover, phenolic resins exports to Germany exceeded the volume sent to the second major destination, Ukraine (X tons), twofold. The Czech Republic (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+1.5% per year) and the Czech Republic (+8.1% per year).

In value terms, Germany ($X) remains the key foreign market for phenolic resins in primary forms exports from Poland, comprising 41% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 14% share of total exports. It was followed by Ukraine, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+5.5% per year) and Ukraine (+0.5% per year).

Export Prices by Country

In 2021, the average phenolic resins export price amounted to $X per ton, increasing by 42% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible downturn. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Ukraine ($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 Switzerland (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

Phenolic Resins Imports

Imports into Poland

In 2021, purchases abroad of phenolic resins in primary forms decreased by -11.6% to X tons, falling for the second year in a row after four years of growth. Over the period under review, total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -34.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 37%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, phenolic resins imports soared to $X in 2021. Overall, total imports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 46% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of phenolic resins to Poland, accounting for a 49% share of total imports. Moreover, phenolic resins imports from Germany exceeded the figures recorded by the second-largest supplier, Belarus (X tons), twofold. The third position in this ranking was held by France (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+169.6% per year) and France (+9.5% per year).

In value terms, Germany ($X) constituted the largest supplier of phenolic resins in primary forms to Poland, comprising 45% of total imports. The second position in the ranking was taken by France ($X), with a 19% share of total imports. It was followed by Belarus, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+12.3% per year) and Belarus (+174.8% per year).

Import Prices by Country

In 2021, the average phenolic resins import price amounted to $X per ton, growing by 34% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 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 Belgium ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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