Report Update Nov 1, 2024

Puerto Rico - Phenolic Resins in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Phenolic Resins Market 2024

Phenolic Resins Market Size in Puerto Rico

In 2021, the Puerto Rican phenolic resins market increased by 4.8% to $X for the first time since 2016, thus ending a four-year declining trend. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Phenolic Resins Production in Puerto Rico

In value terms, phenolic resins production stood at $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 50% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Phenolic Resins Exports

Exports from Puerto Rico

In 2021, exports of phenolic resins in primary forms from Puerto Rico totaled less than X kg, therefore, remained relatively stable against the previous year's figure. In general, exports recorded a relatively flat trend pattern.

In value terms, phenolic resins exports totaled less than $X in 2021. Overall, exports saw a relatively flat trend pattern.

Exports by Country

The biggest shipments were from the United States (X tons), China (X tons), Germany (X tons), Poland (X tons), Taiwan (Chinese) (X tons), Belgium (X tons), Russia (X tons), Japan (X tons), Canada (X tons), Singapore (X tons), the UK (X tons) and France (X tons), together reaching 76% of total export. Spain (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Poland (with a CAGR of +8.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest phenolic resins supplying countries from Puerto Rico were Japan ($X), the United States ($X) and Germany ($X), with a combined 32% share of total exports. China, Belgium, Taiwan (Chinese), France, Singapore, the UK, Poland, Canada, Spain and Russia lagged somewhat behind, together accounting for a further 45%.

Poland, with a CAGR of +6.4%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, almost unchanged from the previous year. Overall, the export price recorded a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.7%), while the other leaders experienced more modest paces of growth.

Phenolic Resins Imports

Imports into Puerto Rico

In 2021, the amount of phenolic resins in primary forms imported into Puerto Rico amounted to less than X kg, approximately mirroring the year before. Overall, imports recorded a relatively flat trend pattern.

In value terms, phenolic resins imports totaled less than $X in 2021. In general, imports recorded a relatively flat trend pattern.

Imports by Country

The purchases of the three major importers of phenolic resins in primary forms, namely Canada, China and Germany, represented more than fourth of total import. It was followed by the United States (X tons), comprising a 5% share of total imports. France (X tons), Italy (X tons), Russia (X tons), Poland (X tons), Turkey (X tons), the Netherlands (X tons), Thailand (X tons), Ukraine (X tons) and South Korea (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Russia (with a CAGR of +18.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported phenolic resins in primary forms into Puerto Rico, comprising 16% of global imports. The second position in the ranking was held by Germany ($X), with a 6.5% share of global imports. It was followed by the United States, with a 4.7% share.

In China, phenolic resins imports increased at an average annual rate of +3.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+2.3% per year) and the United States (-1.0% per year).

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, almost unchanged from the previous year. Overall, the import price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+1.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for phenolic resins in primary forms in the world?

China remains the largest phenolic resins consuming country worldwide, accounting for 22% of total volume. Moreover, phenolic resins consumption in China exceeded the figures recorded by the second-largest consumer, the U.S., twofold. India ranked third in terms of total consumption with a 8.2% share.

What are the largest producers of phenolic resins in primary forms in the world?

China constituted the country with the largest volume of phenolic resins production, comprising approx. 22% of total volume. Moreover, phenolic resins production in China exceeded the figures recorded by the second-largest producer, the U.S., twofold. The third position in this ranking was occupied by India, with a 8.6% share.

What are the leading suppliers of phenolic resins in primary forms to Puerto Rico?

In value terms, China constitutes the largest market for imported phenolic resins in primary forms into Puerto Rico, comprising 16% of global imports. The second position in the ranking was occupied by Germany, with a 7% share of global imports. It was followed by the U.S., with a 4.6% share.

What are the leading importers of phenolic resins in primary forms from Puerto Rico?

In value terms, the largest phenolic resins supplying countries from Puerto Rico were Japan, the U.S. and Germany, with a combined 35% share of total exports. These countries were followed by China, Belgium, France, Singapore, the UK, Portugal, Canada, Poland, Spain and Russia, which together accounted for a further 44%.

What is the average export price for phenolic resins in primary forms in Puerto Rico?

The phenolic resins export price in Puerto Rico stood at $0 per ton in 2020, therefore, remained relatively stable against the previous year.

What is the average import price for phenolic resins in primary forms in Puerto Rico?

In 2020, the phenolic resins import price in Puerto Rico amounted to $0 per ton, flattening at the previous year.

This report provides an in-depth analysis of the phenolic resins market in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20165650 - Phenolic resins, in primary forms

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023