In 2023, Germany led global imports of urea and thiourea resins with a 29.06% share. Other major importers included Poland (7.01%), Belarus (6.69%), and France (6.4%). Notable import increases were seen in Slovenia (124.52%), Azerbaijan (109.8%), and Nicaragua (111.26%). In contrast, countries like Belgium (-55.23%), Finland (-20.13%), and Argentina (-17.08%) witnessed significant declines. Smaller increases were observed in New Zealand (7.14%) and El Salvador (9.06%). Conversely, Austria (-6.5%), Portugal (-13.45%), and other countries experienced moderate to major downturns. The United States saw a modest decrease of -3.64%.
Key trends to watch include the strong import growth in emerging markets like Slovenia, Nicaragua, and Palestine. Additionally, geopolitical and economic shifts, such as those in the European Union and North America, could further influence the market dynamics of urea and thiourea resins. Continued monitoring of smaller markets that exhibit sudden growth or decline will be crucial for strategic planning. The forecasted stability in developed countries juxtaposed with the variability in developing markets presents both opportunities and challenges for stakeholders.
Top countries in Import of Urea Resins and Thiourea Resins Share by Country (Kilograms)
# | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Germany | 29.06 | 2023 | +2.49% | +2.32% | View data |
2 | 2 Poland | 7.01 | 2023 | +4.12% | +1.19% | View data |
3 | 3 Belarus | 6.69 | 2023 | +3.37% | +3.96% | View data |
4 | 4 France | 6.4 | 2023 | -9.32% | +2.02% | View data |
5 | 5 Ukraine | 5.99 | 2023 | +3.17% | +3.93% | View data |
6 | 6 Spain | 5.01 | 2023 | +2.38% | +1.7% | View data |
7 | 7 Slovenia | 4.82 | 2023 | +3.71% | +124.52% | View data |
8 | 8 Thailand | 3.57 | 2023 | +3.44% | +2.51% | View data |
9 | 9 Canada | 3.48 | 2023 | +4.8% | +2.97% | View data |
10 | 10 Switzerland | 3.18 | 2023 | -1.3% | -1.1% | View data |