Eastern Asia: Amino Resin Market 2024

Amino Resin Market Size in Eastern Asia

The East Asian amino resin market expanded rapidly to $X in 2023, growing by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Amino Resin Production in Eastern Asia

In value terms, amino resin production rose rapidly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Amino Resin Exports

Exports in Eastern Asia

In 2023, the amount of amino resins exported in Eastern Asia reached X tons, surging by X% against 2022 figures. Total exports indicated a prominent expansion from 2012 to 2023: its volume 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in years to come.

In value terms, amino resin exports dropped remarkably to $X in 2023. In general, exports recorded a notable increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

China was the main exporting country with an export of around X tons, which resulted at X% of total exports. South Korea (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Japan (X%).

China was also the fastest-growing in terms of the amino resins exports, with a CAGR of X% from 2012 to 2023. Japan and South Korea experienced a relatively flat trend pattern. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Japan (X p.p.) and South Korea (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest amino resin supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Japan (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per ton, shrinking by X% against the previous year. In general, the export price saw a noticeable setback. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2023, the export prices remained at a lower figure.

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 South Korea ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced a decline in the export price figures.

Amino Resin Imports

Imports in Eastern Asia

In 2023, supplies from abroad of amino resins was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

In value terms, amino resin imports contracted to $X in 2023. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

China represented the main importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by South Korea (X tons), Taiwan (Chinese) (X tons) and Japan (X tons), together constituting a X% share of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2023. At the same time, South Korea (X%) and Japan (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Taiwan (Chinese) (X%) illustrated a downward trend over the same period. China (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese) saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest amino resin importing markets in Eastern Asia were China ($X), South Korea ($X) and Japan ($X), with a combined X% share of total imports.

South Korea, 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 mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the import price showed a pronounced slump. 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 at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Japan ($X per ton) and South Korea ($X per ton), while China ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform