The 2011 Import and Export
Market for Epoxide Resins in
Primary Forms in the United
States
By
Professor Philip M. Parker, Ph. D.
Chaired Professor of Management Science
INSEAD (Singapore & Fontainebleau, France)
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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.
Acknowledgements
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.
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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
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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
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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 DISCLAIMERS, WARRANTEES, AND USER AGREEMENT PROVISIONS 93
5.1 Disclaimers & Safe Harbor 93
5.2 ICON Group Ltd. User Agreement Provisions 94
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Epoxide Resins in Primary Forms in the United States 8
1 INTRODUCTION AND METHODOLOGY
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
purposes.
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
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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:
http://unstats.un.org/unsd/cr/registry/regcs.asp?Cl=14&Lg=1&Co=574 .
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 www.icongrouponline.com.
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.
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Epoxide Resins in Primary Forms in the United States 10
2 THE UNITED STATES AND THE WORLD MARKET
2.1 IMPORTS IN THE UNITED STATES IN 2011
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