China - Urea Resins And Thiourea Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice for Urea and Thiourea Resins in China - 2023
Contents:
- Price for Urea and Thiourea Resins in China (FOB) - 2022
- Price for Urea and Thiourea Resins in China (CIF) - 2022
- Exports of Urea and Thiourea Resins in China
- Imports of Urea and Thiourea Resins in China
Price for Urea and Thiourea Resins in China (FOB) - 2022
The average urea and thiourea resins export price stood at $1,179 per ton in 2022, falling by -7.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2021 an increase of 18% against the previous year. As a result, the export price reached the peak level of $1,277 per ton, and then shrank in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,761 per ton), while the average price for exports to Myanmar ($513 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 the United States (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Urea and Thiourea Resins in China (CIF) - 2022
The average urea and thiourea resins import price stood at $2,733 per ton in 2022, with an increase of 18% against the previous year. In general, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, urea and thiourea resins import price increased by +98.0% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of 22%. Over the period under review, average import prices hit record highs 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 the UK ($7,730 per ton), while the price for Indonesia ($763 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Urea and Thiourea Resins in China
In 2022, exports of urea resins and thiourea resins in primary forms from China surged to 54K tons, rising by 36% on 2021. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 36% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, urea and thiourea resins exports soared to $64M in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 61% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Urea and Thiourea Resins in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 6.5 | 6.9 | 7.9 | 8.1 | 7.6% |
| Djibouti | N/A | N/A | 1.7 | 5.6 | 229.4% |
| Indonesia | 4.3 | 2.8 | 4.9 | 3.8 | -4.0% |
| United States | 0.1 | 0.3 | 2.0 | 3.5 | 227.1% |
| Kenya | 1.8 | 1.9 | 2.4 | 3.5 | 24.8% |
| Nigeria | 1.2 | 1.0 | 1.0 | 3.5 | 42.9% |
| Ethiopia | 0.4 | 0.8 | 1.4 | 3.2 | 100.0% |
| India | 1.2 | 0.6 | 1.7 | 2.6 | 29.4% |
| Japan | 1.8 | 1.5 | 1.9 | 2.3 | 8.5% |
| Bangladesh | 2.9 | 2.5 | 3.9 | 2.3 | -7.4% |
| Egypt | 0.3 | 0.5 | 1.6 | 2.1 | 91.3% |
| Algeria | 0.6 | 1.0 | 1.3 | 1.4 | 32.6% |
| Myanmar | 1.2 | N/A | 0.7 | 1.2 | 0.0% |
| Others | 12.3 | 11.7 | 18.3 | 20.4 | 18.4% |
| Total | 34.5 | 31.6 | 50.7 | 63.6 | 22.6% |
Top Export Markets for Urea and Thiourea Resins from China in 2022:
- Vietnam (7.1K tons)
- Djibouti (5.4K tons)
- Kenya (3.5K tons)
- Ethiopia (3.2K tons)
- Indonesia (3.1K tons)
- Nigeria (3.0K tons)
- Myanmar (2.4K tons)
- Bangladesh (2.4K tons)
- Japan (2.3K tons)
- India (2.1K tons)
- United States (2.0K tons)
- Egypt (1.8K tons)
- Algeria (1.5K tons)
Imports of Urea and Thiourea Resins in China
Urea and thiourea resins imports into China reduced notably to 7.6K tons in 2022, with a decrease of -26.5% on 2021. In general, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year.
In value terms, urea and thiourea resins imports fell to $21M in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. As a result, imports reached the peak of $24M, and then declined in the following year.
| Import of Urea and Thiourea Resins in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.3 | 6.3 | 9.9 | 10.5 | 18.6% |
| Malaysia | 3.3 | 2.4 | 2.6 | 2.6 | -7.6% |
| Mexico | 2.1 | 1.5 | 1.9 | 1.5 | -10.6% |
| Turkey | 0.5 | 0.2 | 0.8 | 1.2 | 33.9% |
| South Korea | 1.4 | 0.9 | 1.3 | 1.1 | -7.7% |
| Italy | 0.5 | 1.4 | 1.9 | 0.8 | 17.0% |
| Sweden | 1.2 | 0.8 | 0.8 | 0.5 | -25.3% |
| Norway | 1.9 | 1.0 | 0.4 | 0.1 | -62.5% |
| Spain | 0.5 | 0.3 | 0.1 | 0.1 | -41.5% |
| Others | 3.4 | 3.2 | 4.2 | 2.3 | -12.2% |
| Total | 21.0 | 17.9 | 24.0 | 20.8 | -0.3% |
Top Suppliers of Urea and Thiourea Resins to China in 2022:
- Malaysia (2016.4 tons)
- Germany (1562.8 tons)
- South Korea (1111.0 tons)
- Mexico (831.0 tons)
- Turkey (677.2 tons)
- Italy (355.2 tons)
- Sweden (231.4 tons)
- Spain (137.1 tons)
- Norway (94.3 tons)
This report provides an in-depth analysis of the market for urea and thiourea resins in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20165550 - Urea resins and thiourea resins, in primary forms
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
322
This report provides an in-depth analysis of the market for urea and thiourea resins in China.
436
This report provides an in-depth analysis of the amino-resin market in China.
608
This report provides an in-depth analysis of the phenolic resins market in China.
324
This report provides an in-depth analysis of the melamine resins market in China.
415
This report provides an in-depth analysis of the polyurethanes market in China.
294
This report provides an in-depth analysis of the amino resin market in China.
627
This report provides an in-depth analysis of the global market for urea and thiourea resins.
1821
This report provides an in-depth analysis of the global amino-resin market.
750
This report provides an in-depth analysis of the global phenolic resins market.
622
This report provides an in-depth analysis of the global melamine resins market.
291
Imports of Phenolic Resins surged to $26M in June 2023 in terms of value.
294
In value terms, polyurethanes imports reduced to $59M in April 2023.
136
The most notable growth rate was observed in January 2023 with a 73% increase compared to the previous month. In terms of value, Amino Resin exports decreased to $85M in December 2023.
369
In February 2023, the amino resin price amounted to $1,660 per ton (FOB, China), dropping by -5.8% against the previous month.
277
In September 2022, the amino resin price amounted to $2,108 per ton (FOB, China), dropping by -7.2% against the previous month.
506
The global amino resin market revenue amounted to $68.1B in 2018, rising by 6.6% against the previous year. This...
954
In 2016, approx. X tons of amino resin were imported worldwide- jumping by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to X>
1090
In 2016, approx. X tons of amino resin were imported worldwide- jumping by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to X>
2878
The global trade in amino-resins, phenolic resins and polyurethanes (in primary forms) amounted to X million USD in 2015, fluctuating perceptibly over the period under review. A notable drop in 2009 was followed by recovery over the next five year
1006
Germany dominates in the global trade of amino-resins, phenolic resins and polyurethanes. In 2014, Germany exported X million tons of amino-resins, phenolic resins and polyurethanes totaling X billion USD, X% over the previous year. Its primar
