United Arab Emirates: Amino Resin Market 2024

Amino Resin Market Size in the United Arab Emirates

In 2022, after three years of growth, there was significant decline in the amino resin market in the United Arab Emirates, when its value decreased by -44.9% to $X. Over the period under review, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then shrank rapidly in the following year.

Amino Resin Exports

Exports from the United Arab Emirates

Amino resin exports from the United Arab Emirates surged to X tons in 2022, with an increase of 341% compared with 2021. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, amino resin exports surged to $X in 2022. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Iran (X tons), Saudi Arabia (X tons) and Afghanistan (X tons) were the main destinations of amino resin exports from the United Arab Emirates, together accounting for 61% of total exports. Egypt, Jordan, Azerbaijan, Kuwait, Iraq, Turkey, Pakistan, Bangladesh, China and Tanzania lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for Azerbaijan (with a CAGR of +530.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for amino resin exported from the United Arab Emirates were Iran ($X), Saudi Arabia ($X) and Afghanistan ($X), together comprising 63% of total exports. Egypt, Jordan, Azerbaijan, Kuwait, Iraq, Turkey, Pakistan, Bangladesh, China and Tanzania lagged somewhat behind, together accounting for a further 29%.

Among the main countries of destination, Azerbaijan, with a CAGR of +439.7%, saw 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

The average amino resin export price stood at $X per ton in 2022, increasing by 13% against the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, amino resin export price increased by +94.5% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 36%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Tanzania ($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 Jordan (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Amino Resin Imports

Imports into the United Arab Emirates

In 2022, after three years of growth, there was significant decline in purchases abroad of amino resins, when their volume decreased by -16% to X tons. In general, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when imports increased by 46%. Over the period under review, imports hit record highs at X tons in 2021, and then shrank remarkably in the following year.

In value terms, amino resin imports reduced to $X in 2022. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.4% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 74% against the previous year. As a result, imports attained the peak of $X, and then contracted modestly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest amino resin supplier to the United Arab Emirates, with a 48% share of total imports. Moreover, amino resin imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+15.2% per year) and the Netherlands (+1.9% per year).

In value terms, China ($X) constituted the largest supplier of amino resins to the United Arab Emirates, comprising 50% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with an 18% share of total imports. It was followed by the Netherlands, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+20.6% per year) and the Netherlands (+3.6% per year).

Import Prices by Country

The average amino resin import price stood at $X per ton in 2022, increasing by 16% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% 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 +92.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 66%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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