The 2011 Import and Export Market for Epoxide Resins in Primary Forms in the United States by ICONGroup


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									  The 2011 Import and Export
  Market for Epoxide Resins in
  Primary Forms in the United

                         Professor Philip M. Parker, Ph. D.
                      Chaired Professor of Management Science
                    INSEAD (Singapore & Fontainebleau, France)                                      ©2011 ICON Group Ltd.

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                                About the Author
Dr. Philip M. Parker is the Eli Lilly Chaired Professor of Innovation, Business and Society at
INSEAD where he has taught courses on multivariate statistics and global competitive strategy
since 1988. He has also taught courses at MIT, Stanford University, Harvard University, UCLA,
UCSD, and the Hong Kong University of Science and Technology. He is the author of six books
on the economic convergence of nations. These books introduce the notion of “physioeconomics”
which foresees a lack of global convergence in economic behaviors due to physiological and
physiographic forces. His latest book is "Physioeconomics: The Basis for Long-Run Economic
Growth" (MIT Press 2000). He has also published numerous articles in academic journals,
including The Rand Journal of Economics, Marketing Science, the Journal of International
Business Studies, Technological Forecasting and Social Change, International Journal of
Forecasting, the European Management Journal, the European Journal of Operational
Research, Journal of Marketing, International Journal of Research in Marketing, and Journal of
Marketing Research. He is also on the editorial boards of several academic journals.

Dr. Parker received his Ph.D. in Business Economics from the Wharton School of the University
of Pennsylvania and has Masters degrees in Finance and Banking (University of Aix-Marseille)
and Managerial Economics (Wharton). His undergraduate degrees are in mathematics, biology
and economics (minor in aeronautical engineering). He has consulted and/or taught courses in
Africa, the Middle East, Asia, Latin America, North America and Europe.

                                 About this Series
This series was created for international firms who rely on foreign export markets for a
substantial portion of their business or who might be threatened by foreign trade competition.
The estimates given in this report were created using a methodology developed by and under the
direct supervision of Professor Philip M. Parker, the Eli Lilly Chaired Professor of Innovation,
Business and Society, at INSEAD. The methodology, relying on historical figures of economic
growth and trade flows, estimates the market shares of some 150 countries for over 500 industrial
or product categories. The figures should be seen as market estimates, as opposed to historical
records, as these are projected for the current year of trade.

Some of the methodologies and research approaches used in this report have benefited from the
R&D Committee at INSEAD, whose research support is gratefully acknowledged. Additional
editorial assistance from Tiffany LaRochelle, ICON Group International, Inc., is also
acknowledged.                                                    ©2011 ICON Group Ltd.

                           About ICON Group Ltd.
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                                                        Contents        v

Table of Contents
1     INTRODUCTION AND METHODOLOGY                                  8
2     THE UNITED STATES AND THE WORLD MARKET                       10
    2.1    Imports in the United States in 2011                    10
    2.2    Exports from the United States in 2011                  11
3     IMPORTS IN THE UNITED STATES                                 12
    3.1      Asia                                                  12
       3.1.1    China                                              12
       3.1.2    Hong Kong                                          13
       3.1.3    India                                              14
       3.1.4    Japan                                              15
       3.1.5    Malaysia                                           16
       3.1.6    Singapore                                          17
       3.1.7    South Korea                                        18
       3.1.8    Taiwan                                             19
       3.1.9    Thailand                                           20
    3.2      Europe                                                21
       3.2.1    Austria                                            21
       3.2.2    Belgium                                            22
       3.2.3    Czech Republic                                     23
       3.2.4    France                                             24
       3.2.5    Germany                                            25
       3.2.6    Ireland                                            26
       3.2.7    Italy                                              27
       3.2.8    Norway                                             28
       3.2.9    Poland                                             29
       3.2.10 Portugal                                             29
       3.2.11 Spain                                                30
       3.2.12 Sweden                                               31
       3.2.13 Switzerland                                          32
       3.2.14 the Netherlands                                      33
       3.2.15 the United Kingdom                                   34
    3.3      Latin America                                         35
       3.3.1    Brazil                                             35
       3.3.2    Colombia                                           35
       3.3.3    Costa Rica                                         35
       3.3.4    Mexico                                             36
    3.4      North America & the Caribbean                         37
       3.4.1    Canada                                             37
       3.4.2    Dominican Republic                                 37
    3.5      Oceana                                                38
       3.5.1    Australia                                          38
    3.6      the Middle East                                       39
       3.6.1    Israel                                             39
       3.6.2    Saudi Arabia                                       40
       3.6.3    Syrian Arab Republic                               40
4     EXPORTS FROM THE UNITED STATES                               41
    4.1      Africa                                                41
       4.1.1   Morocco                                             41                             ©2011 ICON Group Ltd.
                                     Contents        vi

     4.1.2   South Africa                       42
  4.2      Asia                                 43
     4.2.1   China                              43
     4.2.2   Hong Kong                          44
     4.2.3   India                              45
     4.2.4   Indonesia                          46
     4.2.5   Japan                              47
     4.2.6   Malaysia                           48
     4.2.7   Philippines                        49
     4.2.8   Singapore                          50
     4.2.9   South Korea                        51
     4.2.10 Taiwan                              52
     4.2.11 Thailand                            53
  4.3      Europe                               54
     4.3.1   Austria                            54
     4.3.2   Belarus                            55
     4.3.3   Belgium                            56
     4.3.4   Croatia                            57
     4.3.5   Cyprus                             57
     4.3.6   Denmark                            58
     4.3.7   Estonia                            58
     4.3.8   Finland                            59
     4.3.9   France                             60
     4.3.10 Germany                             61
     4.3.11 Greece                              62
     4.3.12 Hungary                             63
     4.3.13 Ireland                             64
     4.3.14 Italy                               65
     4.3.15 Luxembourg                          66
     4.3.16 Macedonia                           66
     4.3.17 Malta                               67
     4.3.18 Norway                              68
     4.3.19 Poland                              69
     4.3.20 Romania                             70
     4.3.21 Russia                              71
     4.3.22 Slovakia                            72
     4.3.23 Spain                               73
     4.3.24 Sweden                              74
     4.3.25 Switzerland                         75
     4.3.26 the Netherlands                     76
     4.3.27 the United Kingdom                  77
     4.3.28 Ukraine                             78
  4.4      Latin America                        79
     4.4.1   Argentina                          79
     4.4.2   Brazil                             80
     4.4.3   Colombia                           81
     4.4.4   Costa Rica                         81
     4.4.5   Ecuador                            82
     4.4.6   Guatemala                          82
     4.4.7   Mexico                             83
     4.4.8   Nicaragua                          84
     4.4.9   Panama                             84
     4.4.10 Peru                                84          ©2011 ICON Group Ltd.
                                                           Contents        vii

    4.5      North America & the Caribbean                            85
       4.5.1    Canada                                                85
       4.5.2    Trinidad and Tobago                                   86
    4.6      Oceana                                                   87
       4.6.1    Australia                                             87
       4.6.2    New Zealand                                           88
    4.7      the Middle East                                          88
       4.7.1    Bahrain                                               88
       4.7.2    Israel                                                89
       4.7.3    Kyrgyzstan                                            89
       4.7.4    Pakistan                                              90
       4.7.5    Saudi Arabia                                          91
       4.7.6    Turkey                                                92
    5.1    Disclaimers & Safe Harbor                                  93
    5.2    ICON Group Ltd. User Agreement Provisions                  94                                ©2011 ICON Group Ltd.
                                         Epoxide Resins in Primary Forms in the United States     8

On the demand side, exporters and strategic planners focusing on epoxide resins in primary forms
in the United States face a number of questions. Which countries are supplying epoxide resins in
primary forms to the United States? How important is the United States compared to others in
terms of the entire global and regional market? How much do the imports of epoxide resins in
primary forms vary from one country of origin to another in the United States? On the supply
side, the United States also exports epoxide resins in primary forms. Which countries receive the
most exports from the United States? How are these exports concentrated across buyers? What
is the value of these exports and which countries are the largest buyers?

This report was created for strategic planners, international marketing executives and
import/export managers who are concerned with the market for epoxide resins in primary forms
in the United States. With the globalization of this market, managers can no longer be contented
with a local view. Nor can managers be contented with out-of-date statistics which appear
several years after the fact. I have developed a methodology, based on macroeconomic and trade
models, to estimate the market for epoxide resins in primary forms for those countries serving the
United States via exports, or supplying from the United States via imports. It does so for the
current year based on a variety of key historical indicators and econometric models.

In what follows, Chapter 2 begins by summarizing where the United States fits into the world
market for imported and exported epoxide resins in primary forms. The total level of imports and
exports on a worldwide basis, and those for the United States in particular, is estimated using a
model which aggregates across over 150 key country markets and projects these to the current
year. From there, each country represents a percent of the world market. This market is served
from a number of competitive countries of origin. Based on both demand- and supply-side
dynamics, market shares by country of origin are then calculated across each country market
destination. These shares lead to a volume of import and export values for each country and are
aggregated to regional and world totals. In doing so, we are able to obtain maximum likelihood
estimates of both the value of each market and the share that the United States is likely to receive
this year. From these figures, rankings are calculated to allow managers to prioritize the United
States compared to other major country markets. In this way, all the figures provided in this
report are forecasts that can be combined with internal information sources for strategic planning

After the worldwide summary in Chapter 2 of both imports and exports of epoxide resins in
primary forms, Chapter 3 goes into detail on imports, but for each major country of origin serving
the United States. A “major” market is defined as a country where the United States represents a
substantially large share of either imports or exports. For each major country exporting to the
United States, one can thus observe how important the United States is to that exporting country
compared to other countries of the world. Chapter 4 does the same, but for exports of epoxide
resins in primary forms originating from the United States, for each major country of destination.
In doing so, one can discover the share that the United States has in each major market; this share                                                        ©2011 ICON Group Ltd.
                                          Epoxide Resins in Primary Forms in the United States      9

value is often used as a measure of competitiveness for the United States. In all cases, the total
dollar volume and percentage share values by major trading partner are provided. Combined,
Chapters 3 and 4 present a the total picture for imports and exports of epoxide resins in primary
forms to and from the United States to and from all other major countries in the world. "Epoxide
Resins in Primary Forms" as a category is defined in this report following the definition given by
the United Nations Statistics Division Classification Registry using the Standard International
Trade Classification, Revision 3 (SITC, Rev. 3). The SITC code that defined "epoxide resins in
primary forms" is 5742 . For more information on this definition, please refer to the following
web site: .

This report is updated on an annual basis. To ensure that you have the most current version,
please check the web site of ICON Group at

Important Caveat. The figures should be seen as market estimates, as opposed to historical
records, as these are forecasted for the current year of trade. More importantly, in light of the fact
that unforeseeable factors might interrupt markets in achieving their reported levels, the figures
should be seen as estimates of potential. For example, "mad cow" disease, foot-and-mouth
disease, trade embargoes, military conflicts, acts of terrorism and other events will certainly
affect the actual trade flows recorded for a variety of industry or product categories. In such
cases, the difference between the numbers given in this report and the numbers actually observed
might be interpreted as the "net loss" or "net gain" due to these exogenous events affecting
regular trade flows that would have occurred had these events not have taken place.                                                         ©2011 ICON Group Ltd.
                                           Epoxide Resins in Primary Forms in the United States       10

         Imported Epoxide Resins in Primary Forms in the United States, 2011
                              (Structure of Foreign Import Competition)

Country of Origin             Rank         Value (000 US$)              % Share        Cumulative %
Canada                            1                   51,939                21.04                  21.04
Taiwan                            2                   35,711                14.47                  35.51
Japan                             3                   35,409                14.35                  49.86
Thailand                          4                   24,564               
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