Argentina: Melamine Resins Market 2024

Melamine Resins Market Size in Argentina

The Argentinian melamine resins market skyrocketed to $X in 2021, growing by 105% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Melamine Resins Exports

Exports from Argentina

In 2021, approx. X tons of melamine resins in primary forms were exported from Argentina; which is down by -84.5% compared with the previous year. In general, exports recorded a precipitous descent. The growth pace was the most rapid in 2014 with an increase of 51% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, melamine resins exports contracted significantly to $X in 2021. Overall, exports saw a precipitous decrease. The growth pace was the most rapid in 2017 when exports increased by 71%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Paraguay (X tons) was the main destination for melamine resins exports from Argentina, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Paraguay totaled -5.9%.

In value terms, Paraguay ($X) emerged as the key foreign market for melamine resins in primary forms exports from Argentina.

From 2012 to 2021, the average annual rate of growth in terms of value to Paraguay amounted to -4.2%.

Export Prices by Country

In 2021, the average melamine resins export price amounted to $X per ton, growing by 31% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, melamine resins export price increased by +37.0% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Paraguay.

From 2012 to 2021, the rate of growth in terms of prices for Brazil amounted to +12.4% per year.

Melamine Resins Imports

Imports into Argentina

In 2021, approx. X tons of melamine resins in primary forms were imported into Argentina; growing by 106% on 2020. Over the period under review, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, melamine resins imports skyrocketed to $X in 2021. In general, total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of melamine resins to Argentina, with a 77% share of total imports. Moreover, melamine resins imports from Brazil exceeded the figures recorded by the second-largest supplier, Germany (X tons), tenfold. The third position in this ranking was held by Chile (X tons), with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil amounted to +22.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.0% per year) and Chile (+4,985.2% per year).

In value terms, Brazil ($X) constituted the largest supplier of melamine resins in primary forms to Argentina, comprising 72% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by Chile, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value from Brazil totaled +29.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.3% per year) and Chile (+7,223.7% per year).

Import Prices by Country

In 2021, the average melamine resins import price amounted to $X per ton, reducing by -4.3% against the previous year. Over the period under review, the import price recorded a pronounced decrease. The growth pace was the most rapid in 2013 when the average import price increased by 12% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+44.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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