Portugal: Amino Resin Market 2024

Amino Resin Market Size in Portugal

The Portuguese amino resin market skyrocketed to $X in 2022, jumping by 18% against the previous year. In general, consumption showed prominent growth. Amino resin consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Amino Resin Production in Portugal

In value terms, amino resin production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 25% against the previous year. Amino resin production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Amino Resin Exports

Exports from Portugal

Amino resin exports from Portugal contracted to X tons in 2022, which is down by -10.8% compared with the year before. The total export volume increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 27%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, amino resin exports stood at $X in 2022. Overall, total exports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.4% 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 +64.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for amino resin exports from Portugal, with a 62% share of total exports. Moreover, amino resin exports to the Netherlands exceeded the volume sent to the second major destination, Belgium (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+77.1% per year) and Spain (+2.0% per year).

In value terms, the largest markets for amino resin exported from Portugal were the Netherlands ($X), Belgium ($X) and Spain ($X), with a combined 98% share of total exports.

In terms of the main countries of destination, Belgium, with a CAGR of +79.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average amino resin export price amounted to $X per ton, jumping by 21% against the previous year. In general, the export price recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.

Amino Resin Imports

Imports into Portugal

In 2022, supplies from abroad of amino resins decreased by -6% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2018 with an increase of 31% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, amino resin imports totaled $X in 2022. In general, imports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 80% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Spain (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of amino resin imports to Portugal, with a combined 82% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +61.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest amino resin suppliers to Portugal were Spain ($X), Belgium ($X) and Germany ($X), with a combined 83% share of total imports.

Among the main suppliers, Belgium, with a CAGR of +65.7%, saw 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

In 2022, the average amino resin import price amounted to $X per ton, increasing by 6.4% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, amino resin import price increased by +80.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 70%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($X per ton) and the Netherlands ($X per ton), while the price for Belgium ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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