United Kingdom: Amino Resin Market 2025

Amino Resin Market Size in the UK

In 2022, the UK amino resin market increased by 16% to $X, rising for the second consecutive year after three years of decline. Overall, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +75.6% against 2020 indices. Amino resin consumption peaked in 2022 and is expected to retain growth in the near future.

Amino Resin Production in the UK

In value terms, amino resin production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible setback. The most prominent rate of growth was recorded in 2019 when the production volume increased by 104%. Amino resin production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Amino Resin Exports

Exports from the UK

In 2022, shipments abroad of amino resins increased by 9.9% to X tons, rising for the second year in a row after five years of decline. Overall, exports, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2021 when exports increased by 36%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, amino resin exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a perceptible curtailment. The pace of growth was the most pronounced in 2021 with an increase of 51%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), Germany (X tons) and Ireland (X tons) were the main destinations of amino resin exports from the UK, with a combined 83% share of total exports. Italy, the United States, Japan, France and Sweden lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +39.0%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Ireland ($X) were the largest markets for amino resin exported from the UK worldwide, with a combined 77% share of total exports. Italy, the United States, France, Japan and Sweden lagged somewhat behind, together comprising a further 13%.

Japan, with a CAGR of +37.7%, saw 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

The average amino resin export price stood at $X per ton in 2022, increasing by 5.5% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 15% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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 Sweden ($X per ton), while the average price for exports to Ireland ($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 Sweden (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Amino Resin Imports

Imports into the UK

In 2022, purchases abroad of amino resins increased by 7.6% to X tons, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 26% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, amino resin imports surged to $X in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.5% 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 +118.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 81%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), Belgium (X tons) and China (X tons) were the main suppliers of amino resin imports to the UK, with a combined 70% share of total imports. The Netherlands, Hungary, South Korea and Spain lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +132.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest amino resin suppliers to the UK were Germany ($X), Belgium ($X) and China ($X), together comprising 68% of total imports. The Netherlands, Hungary, South Korea and Spain lagged somewhat behind, together comprising a further 28%.

South Korea, with a CAGR of +135.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average amino resin import price amounted to $X per ton, picking up by 12% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.5% 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 +78.7% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 59% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($X per ton) and the Netherlands ($X per ton), while the price for South Korea ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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