United Arab Emirates: Amino-Resin Market 2024

Amino-Resin Market Size in the United Arab Emirates

The amino-resin market in the United Arab Emirates contracted dramatically to $X in 2022, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a slight curtailment. As a result, consumption attained the peak level of $X, and then declined dramatically in the following year.

Amino-Resin Exports

Exports from the United Arab Emirates

In 2022, exports of amino-resins, phenolic resins and polyurethanes (in primary forms) from the United Arab Emirates surged to X tons, growing by X% against 2021. In general, exports showed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, amino-resin exports skyrocketed to $X in 2022. Overall, exports saw buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Iran (X tons), Saudi Arabia (X tons) and Jordan (X tons) were the main destinations of amino-resin exports from the United Arab Emirates, with a combined X% share of total exports. Egypt, Afghanistan, Iraq, Kuwait, Oman, Azerbaijan, Bahrain, Pakistan, Turkey and Qatar lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Afghanistan (with a CAGR of X%), while 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 Jordan ($X), together accounting for X% of total exports. Egypt, Kuwait, Oman, Afghanistan, Iraq, Bahrain, Azerbaijan, Pakistan, Turkey and Qatar lagged somewhat behind, together comprising a further X%.

Afghanistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. The export price peaked in 2022 and is likely to continue 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 Egypt ($X per ton), while the average price for exports to Jordan ($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 Qatar (X%), 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, supplies from abroad of amino-resins, phenolic resins and polyurethanes (in primary forms) decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then dropped significantly in the following year.

In value terms, amino-resin imports reduced to $X in 2022. In general, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of amino-resin to the United Arab Emirates, with a X% 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 held by the Netherlands (X tons), with an X% share.

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

In value terms, China ($X) constituted the largest supplier of amino-resins, phenolic resins and polyurethanes (in primary forms) to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total imports. It was followed by the Netherlands, with an X% share.

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

Import Prices by Country

In 2022, the average amino-resin import price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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