EU Epoxide Resin Market Report: Suppliers, Buyers, Prices and Forecast - IndexBox
Companies Mentioned in the Report: Huntsman Corporation, DowDuPont, Cargill, Kukdo Chemical, Chang Chun Group, Hexion, Olin, Nan Ya Plastics Corporation, Mitsubishi Chemical, Cardolite, Cytec (Solvay), DIC, Spolchemie, Elantas (Altana), Fibre Glast, Kolon Industries, Leuna Harze, Nama Chemicals, CVC Themosets, Gabriel, Composites Group, 3M, Nagase, JANA, Emerald Materials
NEW YORK, July 02, 2022 (GLOBE NEWSWIRE) -- IndexBox has just published a new report: 'EU – Epoxide Resins in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
EU Epoxide Resin Market Statistics
| Imports | 2,571.7 Million USD |
| Exports | 2,949.4 Million USD |
| Top Importers | Germany, Italy, Netherlands |
| Top Exporters | Germany, Netherlands, Czech Republic |
The EU epoxide resin market was estimated at $1.8B in 2021. This figure reflects the total revenues of producers and importers (excluding logistics costs and intermediaries' margins, which will be included in the final consumer price). REQUEST FREE DATA
EU Epoxide Resin Exports
In 2021, overseas shipments of epoxide resins decreased by -0.3% to 589K tonnes, falling for the third consecutive year after two years of growth. This figure includes trade volumes between the EU countries and shipped outside the EU. REQUEST FREE DATA
In value terms, exports soared to $2.9B in 2021. This figure includes trade between EU member countries. The total export value increased at an average annual rate of +2.4% from 2007 to 2021. REQUEST FREE DATA
Exports by Country
In 2021, Germany (289K tonnes) represented the largest exporter of epoxide resins, constituting 49% of total volume. The Netherlands (109K tonnes) ranks second in terms of the total exports with an 18% share, followed by the Czech Republic (9.9%) and Italy (7%). Spain (24K tonnes), Poland (18K tonnes) and Belgium (13K tonnes) followed a long way behind the leaders.
In value terms, Germany ($1.5B) remains the largest epoxide resin supplier in the European Union, comprising 51% of total exports. The second position in the ranking was occupied by the Netherlands ($454M), with a 15% share of total supplies. It was followed by the Czech Republic, with an 8.8% share.
In Germany, epoxide resin exports expanded at an average annual rate of +2.9% over the period from 2007-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+0.7% per year) and the Czech Republic (+6.0% per year).
Export Prices by Country
The export price in the European Union stood at $5,009 per tonne in 2021, growing by 45% against the previous year. Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Belgium ($5,614 per tonne) and Germany ($5,240 per tonne), while the Netherlands ($4,181 per tonne) and the Czech Republic ($4,465 per tonne) were amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.2%), while the other leaders experienced more modest paces of growth.