U.S.: Amino-Resin Market 2024

Amino-Resin Market Size in the U.S.

The U.S. amino-resin market shrank slightly to $X in 2022, approximately reflecting the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Amino-resin consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Amino-Resin Production in the U.S.

In value terms, amino-resin production dropped to $X in 2022. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. Amino-resin production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Amino-Resin Exports

Exports from the U.S.

In 2022, overseas shipments of amino-resins, phenolic resins and polyurethanes (in primary forms) increased by X% to X tons, rising for the second year in a row after three years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, amino-resin exports surged to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for amino-resin exports from the United States, accounting for a X% share of total exports. Moreover, amino-resin exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), threefold. Brazil (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Brazil (X% per year).

In value terms, Canada ($X), Mexico ($X) and China ($X) appeared to be the largest markets for amino-resin exported from the United States worldwide, with a combined X% share of total exports.

Among the main countries of destination, Canada, with a CAGR of X%, recorded the highest growth rate of 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, increasing by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Argentina ($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 South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Amino-Resin Imports

Imports into the U.S.

In 2022, overseas purchases of amino-resins, phenolic resins and polyurethanes (in primary forms) increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports enjoyed strong growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, amino-resin imports soared to $X in 2022. In general, imports posted a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of amino-resin to the United States, accounting for a X% share of total imports. Moreover, amino-resin imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Canada (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Canada (X% per year).

In value terms, China ($X), Germany ($X) and Canada ($X) appeared to be the largest amino-resin suppliers to the United States, with a combined X% share of total imports. Spain, Hungary, South Korea, Belgium, Japan and Mexico lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Hungary, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average amino-resin import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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