Companies Mentioned in the Report: BASF, INEOS, DIC Corporation, Hexion, Georgia-Pacific Chemicals, Dynea AS, Mitsui Chemicals, Uniform Synthetics, ARCL Organics, Hexza, Akolite, Borealis, Chemisol Italia, Chimica Pomponesco, Eternal Materials, Kronospan, Qatar Melamine, Rayonier Advanced Materials, Ercros SA, Metadynea

NEW YORK, July 18, 2022 (GLOBE NEWSWIRE) -- IndexBox has just published a new report: 'EU – Amino Resins in Primary Forms (Excl. Urea Resins, Thiourea Resins and Melamine Resins) - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

EU Amino Resin Market Statistics

For the third year in a row, the European Union recorded growth in shipments abroad of amino resins, which increased by 13% to 2.3M tons in 2021. This figure includes trade volumes between the EU countries and shipped outside the EU. Total exports indicated strong growth from 2011 to 2021: its volume increased at an average annual rate of +7.2%.

In value terms, supplies soared to $5.4B in 2021. This figure includes trade between EU member countries. Total exports indicated buoyant growth: its value increased at an average annual rate of +7.7% over the last decade.

The biggest shipments were from Belgium (622K tons), Germany (572K tons) and the Netherlands (474K tons), together resulting at 73% of total volume. Hungary (210K tons) took the next position in the ranking, followed by Portugal (162K tons) and Spain (122K tons). All these countries together held near 22% share of total exports. Poland (56K tons) took a minor share of total supplies.

In value terms, the largest amino resin supplying countries in the European Union were Belgium ($1.6B), Germany ($1.3B) and the Netherlands ($1.2B), together accounting for 74% of total exports. These countries were followed by Hungary, Spain, Portugal and Poland, which together accounted for a further 22%.

In terms of the main exporting countries, Poland, with a CAGR of +36.5%, saw the highest growth rate of the value of exports over the past decade. Shipments for the other leaders experienced more modest paces of growth.

The average export price for amino resins in the European Union stood at $2,362 per ton in 2021, increasing by 63% against the previous year. There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Hungary ($2,827 per ton), while Poland ($1,006 per ton) was amongst the lowest. From 2011 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.0%), while the other leaders experienced more modest paces of growth.

In 2021, the volume of amino resins imported in the European Union skyrocketed to 1.7M tons, rising by 21% compared with the previous year's figure. This figure includes trade volumes between the EU countries and shipped outside the EU. In general, imports posted a prominent expansion over the past decade.

In value terms, purchases soared to $4B in 2021. This figure includes trade between EU member countries.

The countries with the highest levels of amino resin imports in 2021 were the Netherlands (346K tons), Belgium (247K tons), Poland (195K tons), Italy (164K tons), Germany (162K tons) and France (138K tons), together amounting to 74% of total volume. It was distantly followed by Spain (80K tons), achieving a 4.7% share of total supplies. The following importers - Romania (56K tons), the Czech Republic (54K tons), Ireland (45K tons) and Austria (28K tons) - together made up 11% of total volume.

In value terms, the Netherlands ($605M), Poland ($570M) and Belgium ($532M) constituted the countries with the highest levels of imports in 2021, with a combined 42% share of total purchases.

Poland, with a CAGR of +18.0%, saw the highest growth rate of the value of imports, among the main importing countries over the past decade. Purchases for the other leaders experienced more modest paces of growth.

In 2021, the average import price for amino resins in the European Union amounted to $2,380 per ton, surging by 60% against the previous year. Prices varied noticeably by the country of destination: the country with the highest price was Poland ($2,923 per ton), while the Netherlands ($1,748 per ton) was amongst the lowest. From 2011 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.4%), while the other leaders experienced more modest paces of growth.

IndexBox is a market research firm developing an AI-driven market intelligence platform that helps business analysts find actionable insights and make data-driven decisions. The platform provides data on consumption, production, trade, and prices for more than 10K+ different products across 200 countries.

For more information, please visit

Website https://www.indexbox.io

Twitter https://twitter.com/indexbox

YouTube https://www.youtube.com/IndexBox

LinkedIn https://www.linkedin.com/company/indexbox-marketing/

Amino-resins, in primary forms (excl. urea resins, thiourea resins and melamine resins).

Diversification isn't necessary if you know what you're doing, according to the Oracle of Omaha.

When his green credentials were challenged by a young activist on the election trail, Joe Biden had a simple answer.

The U.S. Federal Aviation Administration (FAA) on Friday approved Boeing’s inspection and modification plan to resume deliveries of 787 Dreamliners, two people briefed on the matter told Reuters. The FAA approved Boeing’s proposal that requires specific inspections to verify the condition of the airplane meets requirements and that all work has been completed, a move […]

(Bloomberg) -- With recession fears mounting—and inflation, the war in Ukraine and the lingering pandemic taking a toll—many tech companies are rethinking their staffing needs, with some of them instituting hiring freezes, rescinding offers and making rounds of layoffs.Most Read from BloombergThe Crypto Collapse Has Flooded the Market With Rolex and PatekShock July Stock Rally Was a Monster the Fed May Regret SeeingMonkeypox is Spreading Fast. Now Kids Are Getting It, TooMeet the Russian Archite

America is wrestling with the worst energy crisis in nearly five decades, a period of high prices and limited supply. The rise of fracking, which extracts oil and gas from shale rock, unlocked cheap domestic supplies while cleaner energy provided by wind and solar farms became far less expensive. It came undone thanks to a haphazard transition to renewable energy, reduced investment in oil and gas production, political inaction and unexpected economic forces triggered by the pandemic and lockdowns.

A Denver-based natural gas giant’s decision to let financial hedges on its sale expire this year paid off big this spring, reversing its losses with a $765 million quarterly profit. Antero Resources (NYSE: AR), the fifth-largest U.S. natural gas producer and second-biggest exporter of liquified natural gas, ended a string of regular quarterly losses Thursday with a very profitable quarter benefitting from high natural gas prices. “Antero is in the strongest financial position in its history,” said Paul Rady, the company’s chairman, CEO and president, on the company’s earnings call Thursday.

More than a year after an activist investor-led shake-up, Exxon Mobil has ticked a lot of boxes to endear itself to its shareholders. Exxon Mobil on Friday said it generated nearly $16.9 billion in free cash flow in the second quarter, the highest since 2008 and roughly $900 million more than analysts polled by Visible Alpha had expected. Quarterly net income for both Exxon and Chevron hit a record—not entirely surprising given that Brent crude prices averaged $113.78 a barrel in the second quarter, a $12 per barrel increase compared with the first quarter.

The FAA approved the plane maker’s plan to address various quality problems with 787 production. The first 787 delivery is expected to occur within days.

Taiwan's "key position" in making semiconductors will not be shaken and production on the island is the most efficient way of doing things, the Economy Ministry said on Friday in response to the U.S. Congress passing a major new chips act. The U.S. House of Representatives passed the sweeping legislation on Thursday to subsidise the domestic semiconductor industry as it competes with Chinese and other foreign manufacturers. Taiwan is a major chip producer, home to Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest contract chipmaker, which is also investing $12 billion in a new plant in Arizona.

Semiconductor companies are awaiting signage of the crucial CHIPS Act by President Biden after it passed both the Senate and House of Representatives this week.

With world hunger on the rise, innovative companies such as Deere and Corteva could make a difference.

A mega backdoor Roth is designed for 401(k) savers who want to enjoy Roth account tax benefits. Learn how a mega backdoor Roth rollover works.

NEW YORK—The U.S. Securities and Exchange Commission on Friday added Alibaba Group Holding to a list of Chinese companies at risk of being delisted from the U.S. exchanges if their auditors can’t be inspected before spring 2024. The move comes days after Alibaba said it would apply for a primary listing in Hong Kong, where it obtained a secondary listing in 2019. Securing a primary listing in the Asian financial hub would allow Alibaba’s shares to continue to be traded even if it is booted from the American bourse.

(Bloomberg) -- Most Read from BloombergThe Crypto Collapse Has Flooded the Market With Rolex and PatekShock July Stock Rally Was a Monster the Fed May Regret SeeingMonkeypox is Spreading Fast. Now Kids Are Getting It, TooMeet the Russian Architect of Putin’s Economic CounterattackIt was tempting when Democrats announced their surprise climate deal to imagine American auto executives popping champagne bottles. But any bubbly probably ought to stay on ice until Washington finalizes the fine print

The two largest U.S. oil companies, Exxon Mobil Corp and Chevron Corp, posted record revenue on Friday, bolstered by surging crude oil and natural gas prices and following similar results for European majors a day earlier. Exxon outpaced its rivals with a $17.9 billion quarterly profit, the most for any international oil major in history. Chevron, Shell and Total ran to catch up with Exxon's aggressive buyback program, which was kept unaltered.

Ford is remaking its business, a process it acknowledges could result in job cuts. Ford execs say it won't be the "indiscriminate" layoffs of years past.

Despite its ubiquity, sand is a valuable natural resource. It’s the second-most heavily exploited natural resource after water.

Ford's reported plan to cut thousands of jobs from its internal combustion division has some analysts expecting other automakers to follow suit.

Although it is unfortunate that you do not have access to an employer-sponsored retirement plan, you’re far from alone. You mention having individual retirement accounts, but you could look into opening a Roth IRA, which is funded with after-tax dollars. “I would start there,” said Chris Hardy, a certified financial planner at Paramount Investment Advisors.

Moving from a paycheck to multiple retirement income is complicated. Understanding retirement income types and how to manage them can be beneficial.