Global Amino Resin Market 2024

Amino Resin Market Size

The global amino resin market fell modestly to $X in 2022, with a decrease of -2% against the previous year. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +13.5% against 2020 indices. Over the period under review, the global market reached the maximum level at $X in 2021, and then contracted modestly in the following year.

Amino Resin Production

In value terms, amino resin production dropped to $X in 2022 estimated in export price. In general, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 31% against the previous year. Over the period under review, global production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Amino Resin Exports

Exports

After six years of growth, overseas shipments of amino resins decreased by -3.3% to X tons in 2022. In general, total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.1% against 2012 indices. The pace of growth was the most pronounced in 2013 with an increase of 19% against the previous year. Over the period under review, the global exports attained the maximum at X tons in 2021, and then declined in the following year.

In value terms, amino resin exports totaled $X in 2022. Overall, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 76%. Over the period under review, the global exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

In 2022, China (X tons), distantly followed by Germany (X tons), Belgium (X tons), the Netherlands (X tons), South Korea (X tons), Saudi Arabia (X tons), the United States (X tons), Hungary (X tons) and Japan (X tons) represented the major exporters of amino resins, together committing 87% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Saudi Arabia (with a CAGR of +18.9%), while the other global leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Belgium ($X) were the countries with the highest levels of exports in 2022, together accounting for 47% of global exports.

Among the main exporting countries, China, with a CAGR of +17.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average amino resin export price stood at $X per ton in 2022, with an increase of 4.1% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 53% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+2.2%), while the other global leaders experienced more modest paces of growth.

Amino Resin Imports

Imports

In 2022, overseas purchases of amino resins decreased by -3.9% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +7.9% 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 +114.1% against 2012 indices. The pace of growth was the most pronounced in 2013 with an increase of 22% against the previous year. Over the period under review, global imports reached the maximum at X tons in 2021, and then dropped modestly in the following year.

In value terms, amino resin imports rose slightly to $X in 2022. Over the period under review, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 80% against the previous year. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

The countries with the highest levels of amino resin imports in 2022 were the United States (X tons), the Netherlands (X tons), China (X tons), Turkey (X tons), Canada (X tons), Russia (X tons), Poland (X tons), India (X tons), Italy (X tons), Germany (X tons), France (X tons) and the UK (X tons), together accounting for 60% of total import. Belgium (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by India (with a CAGR of +29.2%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and China ($X) were the countries with the highest levels of imports in 2022, with a combined 23% share of global imports.

Among the main importing countries, the United States, with a CAGR of +27.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average amino resin import price amounted to $X per ton, growing by 6.1% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 50%. Global import price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Poland ($X per ton) and the UK ($X per ton), while China ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+2.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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