Overview of the Global Market for Urea Resins And Thiourea Resins In Primary Forms

Market Size for Urea Resins And Thiourea Resins In Primary Forms

The global urea and thiourea resins market amounted to $X in 2022, leveling off at the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the global market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Urea Resins And Thiourea Resins In Primary Forms

In value terms, urea and thiourea resins production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Global production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Urea Resins And Thiourea Resins In Primary Forms

Exports

In 2022, overseas shipments of urea resins and thiourea resins in primary forms decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the global exports failed to regain momentum.

In value terms, urea and thiourea resins exports soared to $X in 2022. Over the period under review, total exports indicated moderate growth 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The biggest shipments were from Poland (X tons), Germany (X tons) and Belgium (X tons), together reaching X% of total export. Portugal (X tons) held the next position in the ranking, followed by the Netherlands (X tons). All these countries together held near X% share of total exports. Turkey (X tons), Malaysia (X tons), Romania (X tons), China (X tons), the Czech Republic (X tons), the United States (X tons), Russia (X tons) and Slovakia (X tons) took a relatively small share of total exports.

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

In value terms, Germany ($X), Poland ($X) and Belgium ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of global exports. China, Portugal, Turkey, the Netherlands, the United States, Romania, Malaysia, the Czech Republic, Slovakia and Russia lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Turkey, with a CAGR of X%, recorded 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 urea and thiourea resins export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2022: its price 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, urea and thiourea resins export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Imports of Urea Resins And Thiourea Resins In Primary Forms

Imports

Global urea and thiourea resins imports declined to X tons in 2022, falling by X% on 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then reduced in the following year.

In value terms, urea and thiourea resins imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a moderate 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 when imports increased by X% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X tons), distantly followed by France (X tons), Poland (X tons), Belarus (X tons) and Nigeria (X tons) were the largest importers of urea resins and thiourea resins in primary forms, together generating X% of total imports. Ukraine (X tons), Austria (X tons), Spain (X tons), Italy (X tons), Switzerland (X tons), Bulgaria (X tons), Thailand (X tons) and Canada (X tons) took a little share of total imports.

Imports into Germany increased at an average annual rate of X% from 2012 to 2022. At the same time, Nigeria (X%), Canada (X%), Poland (X%), Belarus (X%), Ukraine (X%), Thailand (X%) and Italy (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Bulgaria experienced a relatively flat trend pattern. By contrast, Switzerland (X%), Spain (X%), Austria (X%) and France (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland, Nigeria, Germany, Belarus and Canada increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported urea resins and thiourea resins in primary forms worldwide, comprising X% of global imports. The second position in the ranking was held by France ($X), with a X% share of global imports. It was followed by Poland, with a X% share.

In Germany, urea and thiourea resins imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: France (X% per year) and Poland (X% per year).

Import Prices by Country

The average urea and thiourea resins import price stood at $X per ton in 2022, surging by X% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price 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, urea and thiourea resins import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Global import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform