Germany: Phenolic Resins Market 2024

Phenolic Resins Market Size in Germany

In 2023, the German phenolic resins market decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2022, and then contracted modestly in the following year.

Phenolic Resins Production in Germany

In value terms, phenolic resins production declined to $X in 2023 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Phenolic resins production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Phenolic Resins Exports

Exports from Germany

In 2023, approx. X tons of phenolic resins in primary forms were exported from Germany; with a decrease of X% against the year before. Overall, exports showed a noticeable decrease. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, phenolic resins exports reduced to $X in 2023. In general, exports showed a mild shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Poland (X tons), France (X tons) and the Netherlands (X tons) were the main destinations of phenolic resins exports from Germany, together accounting for X% of total exports. Italy, China, Turkey, the Czech Republic, Spain, Austria, Switzerland, the UK, India and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

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

In value terms, Italy ($X), Poland ($X) and China ($X) appeared to be the largest markets for phenolic resins exported from Germany worldwide, together accounting for X% of total exports. France, the Netherlands, Turkey, India, Spain, the United Arab Emirates, the UK, Austria, the Czech Republic and Switzerland lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average phenolic resins export price stood at $X per ton in 2023, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2023 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Phenolic Resins Imports

Imports into Germany

In 2023, overseas purchases of phenolic resins in primary forms decreased by X% to X tons, falling for the fifth year in a row after three years of growth. In general, total imports indicated a noticeable expansion from 2012 to 2023: its volume 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 2018 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, phenolic resins imports reduced to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2022, and then reduced in the following year.

Imports by Country

In 2023, Poland (X tons) constituted the largest phenolic resins supplier to Germany, accounting for a X% share of total imports. Moreover, phenolic resins imports from Poland exceeded the figures recorded by the second-largest supplier, Austria (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Poland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Italy (X% per year).

In value terms, the largest phenolic resins suppliers to Germany were Poland ($X), Italy ($X) and Belgium ($X), with a combined X% share of total imports. Portugal, France, Austria, Spain, Sweden and India lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Sweden, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average phenolic resins import price amounted to $X per ton, approximately reflecting the previous year. In general, the import price continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform