United Kingdom: Amino-Resin Market 2024

Amino-Resin Market Size in the UK

The UK amino-resin market stood at $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Amino-Resin Production in the UK

In value terms, amino-resin production totaled $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Amino-resin production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Amino-Resin Exports

Exports from the UK

In 2022, shipments abroad of amino-resins, phenolic resins and polyurethanes (in primary forms) increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, exports, however, saw a mild decline. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, amino-resin exports expanded sharply to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons), Ireland (X tons) and the Netherlands (X tons) were the main destinations of amino-resin exports from the UK, together accounting for X% of total exports. Germany, Poland, Italy, Iraq, the United States, Australia, Saudi Arabia, the United Arab Emirates, Belgium and Sweden lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for amino-resin exported from the UK were France ($X), the Netherlands ($X) and Ireland ($X), with a combined X% share of total exports. Germany, the United States, Italy, Poland, Iraq, Saudi Arabia, Australia, the United Arab Emirates, Belgium and Sweden lagged somewhat behind, together comprising a further X%.

Iraq, with a CAGR of X%, 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 X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external 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 Belgium (X%), 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, phenolic resins and polyurethanes (in primary forms) increased by X% 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 X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, amino-resin imports totaled $X in 2022. Over the period under review, total imports indicated a perceptible increase 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 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Germany (X tons), Belgium (X tons) and the Netherlands (X tons) were the main suppliers of amino-resin imports to the UK, together accounting for X% of total imports. China, Hungary, South Korea, France, Italy, the United States, Spain, Finland, Switzerland and Ireland lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X), Belgium ($X) and the Netherlands ($X) were the largest amino-resin suppliers to the UK, together accounting for X% of total imports. China, the United States, Hungary, France, Italy, South Korea, Spain, Switzerland, Finland and Ireland lagged somewhat behind, together accounting for a further X%.

Finland, with a CAGR of X%, recorded the highest growth rate of 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

The average amino-resin import price stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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