EU: Alkyd Resins Market 2024

Alkyd Resins Market Size in the EU

In 2023, the EU alkyd resins market increased by X% to $X, rising for the third year in a row after two years of decline. The total consumption indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Over the period under review, the market reached the maximum level in 2023 and is likely to see gradual growth in the near future.

Alkyd Resins Production in the EU

In value terms, alkyd resins production rose remarkably to $X in 2023 estimated in export price. The total production indicated a moderate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of production peaked in 2023 and is likely to continue growth in the immediate term.

Alkyd Resins Exports

Exports in the EU

In 2023, shipments abroad of alkyd resins in primary forms decreased by X% to X tons, falling for the second year in a row after three years of growth. Overall, exports recorded a slight decrease. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, alkyd resins exports declined to $X in 2023. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons), the Netherlands (X tons) and Italy (X tons) represented roughly X% of total exports in 2023. Belgium (X tons) ranks next in terms of the total exports with a X% share, followed by the Czech Republic (X%), Poland (X%), Spain (X%) and Austria (X%).

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest alkyd resins supplying countries in the European Union were Germany ($X), the Netherlands ($X) and Italy ($X), together comprising X% of total exports.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, surging by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced more modest paces of growth.

Alkyd Resins Imports

Imports in the EU

In 2023, overseas purchases of alkyd resins in primary forms decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, alkyd resins imports dropped to $X in 2023. Over the period under review, imports showed a pronounced descent. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Germany (X tons), France (X tons), Spain (X tons), the Netherlands (X tons), Belgium (X tons), Poland (X tons), Italy (X tons), Sweden (X tons), Romania (X tons), Finland (X tons), Denmark (X tons) and Portugal (X tons) represented the major importer of alkyd resins in primary forms in the European Union, achieving X% of total import.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Romania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest alkyd resins importing markets in the European Union were Germany ($X), France ($X) and the Netherlands ($X), together accounting for X% of total imports. Spain, Belgium, Poland, Italy, Sweden, Finland, Denmark, Romania and Portugal lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per ton, with an increase of X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Denmark ($X per ton) and Italy ($X per ton), while Belgium ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Denmark (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform