Europe: Epoxide Resin Market 2024

Epoxide Resin Market Size in Europe

After two years of growth, the Europe epoxide resin market decreased by X% to $X in 2023. In general, consumption recorded a temperate increase. The level of consumption peaked at $X in 2022, and then declined in the following year.

Epoxide Resin Production in Europe

In value terms, epoxide resin production reached $X in 2023 estimated in export price. The total production indicated a tangible expansion 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 decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Epoxide Resin Exports

Exports in Europe

In 2023, approx. X tons of epoxide resins were exported in Europe; waning by X% against 2022. Over the period under review, exports recorded a noticeable downturn. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, epoxide resin exports contracted markedly to $X in 2023. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Germany was the major exporting country with an export of about X tons, which amounted to X% of total exports. The Netherlands (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (X%), Switzerland (X%), Italy (X%) and Spain (X%). Belgium (X tons) followed a long way behind the leaders.

Exports from Germany decreased at an average annual rate of X% from 2012 to 2023. At the same time, the Czech Republic (X%) and Italy (X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. By contrast, Spain (X%), Switzerland (X%), the Netherlands (X%) and Belgium (X%) illustrated a downward trend over the same period. While the share of the Czech Republic (X p.p.), Germany (X p.p.) and Italy (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the Netherlands (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest epoxide resin supplier in Europe, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by Switzerland, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Germany was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Switzerland (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2023, shrinking by X% against the previous year. Export price indicated a pronounced increase from 2012 to 2023: its price 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, epoxide resin export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked at $X per ton in 2022, and then dropped in the following year.

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 Switzerland ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

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

Epoxide Resin Imports

Imports in Europe

In 2023, imports of epoxide resins in Europe reduced modestly to X tons, remaining constant against 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, epoxide resin imports dropped to $X in 2023. Total imports indicated a modest expansion 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, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Germany (X tons), distantly followed by the Netherlands (X tons), Italy (X tons), Russia (X tons), the UK (X tons), Spain (X tons) and France (X tons) were the main importers of epoxide resins, together mixing up X% of total imports. Poland (X tons), Belgium (X tons), Austria (X tons), Portugal (X tons), Sweden (X tons) and Switzerland (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported epoxide resins in Europe, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

In Germany, epoxide resin imports remained relatively stable over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Italy (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2023, waning by X% against the previous year. Import price indicated a mild increase from 2012 to 2023: its price 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, epoxide resin import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2022, and then contracted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform