Slovakia: Amino Resin Market 2024

Amino Resin Market Size in Slovakia

For the fifth consecutive year, the Slovak amino resin market recorded growth in sales value, which increased by 0.8% to $X in 2022. Overall, consumption posted resilient growth. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Amino Resin Production in Slovakia

In value terms, amino resin production totaled $X in 2022 estimated in export price. Overall, production recorded a moderate expansion. The most prominent rate of growth was recorded in 2018 with an increase of 80% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Amino Resin Exports

Exports from Slovakia

In 2022, overseas shipments of amino resins increased by 6.8% to X tons, rising for the second consecutive year after four years of decline. Overall, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 642%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, amino resin exports totaled $X in 2022. In general, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of 404% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Romania (X tons), Serbia (X tons) and Hungary (X tons) were the main destinations of amino resin exports from Slovakia, together comprising 85% of total exports. Poland, North Macedonia, Ukraine, Bulgaria and the Czech Republic lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +132.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), Romania ($X) and Hungary ($X) appeared to be the largest markets for amino resin exported from Slovakia worldwide, with a combined 83% share of total exports. Poland, North Macedonia, Ukraine, Bulgaria and the Czech Republic lagged somewhat behind, together accounting for a further 15%.

Among the main countries of destination, Bulgaria, with a CAGR of +166.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average amino resin export price amounted to $X per ton, shrinking by -2.4% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 42% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then fell slightly in the following year.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the Czech Republic ($X per ton) and North Macedonia ($X per ton), while the average price for exports to Romania ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Amino Resin Imports

Imports into Slovakia

In 2022, overseas purchases of amino resins increased by 4.2% to X tons, rising for the third year in a row after two years of decline. In general, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 49% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, amino resin imports surged to $X in 2022. Over the period under review, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by 33% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of amino resin to Slovakia, with a 42% share of total imports. Moreover, amino resin imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X tons), twofold. The third position in this ranking was held by Belgium (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+17.2% per year) and Belgium (+8.0% per year).

In value terms, Germany ($X) constituted the largest supplier of amino resins to Slovakia, comprising 49% of total imports. The second position in the ranking was held by Belgium ($X), with a 15% share of total imports. It was followed by Austria, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+11.1% per year) and Austria (+18.7% per year).

Import Prices by Country

In 2022, the average amino resin import price amounted to $X per ton, picking up by 18% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2018 when the average import price increased by 33%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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 Hungary ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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