Belarus: Melamine Resins Market 2024

Melamine Resins Market Size in Belarus

The Belarusian melamine resins market reduced remarkably to $X in 2021, declining by -79.8% against the previous year. Over the period under review, consumption saw a sharp descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Melamine Resins Production in Belarus

In value terms, melamine resins production fell rapidly to $X in 2021 estimated in export price. In general, production showed a deep contraction. The pace of growth was the most pronounced in 2020 when the production volume increased by 601% against the previous year. As a result, production reached the peak level of $X, and then dropped sharply in the following year.

Melamine Resins Exports

Exports from Belarus

For the tenth consecutive year, Belarus recorded growth in overseas shipments of melamine resins in primary forms, which increased by 91% to X tons in 2021. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 210% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, melamine resins exports surged to $X in 2021. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 228%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

Latvia (X tons) was the main destination for melamine resins exports from Belarus, with a 34% share of total exports. Moreover, melamine resins exports to Latvia exceeded the volume sent to the second major destination, Ukraine (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Latvia totaled +44.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+134.7% per year) and Poland (+87.0% per year).

In value terms, Latvia ($X) remains the key foreign market for melamine resins in primary forms exports from Belarus, comprising 32% of total exports. The second position in the ranking was taken by Poland ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Latvia totaled +35.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+69.3% per year) and Ukraine (+85.7% per year).

Export Prices by Country

The average melamine resins export price stood at $X per ton in 2021, waning by -34.9% against the previous year. In general, the export price recorded a abrupt decrease. The growth pace was the most rapid in 2018 an increase of 5.8%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (-6.4%), while the prices for the other major destinations experienced a decline.

Melamine Resins Imports

Imports into Belarus

In 2021, overseas purchases of melamine resins in primary forms were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports enjoyed significant growth. The pace of growth was the most pronounced in 2014 when imports increased by 579%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, melamine resins imports surged to $X in 2021. Overall, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2014 when imports increased by 318% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of melamine resins to Belarus, accounting for a 90% share of total imports. It was followed by Germany (X tons), with a 2.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia totaled +21.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.7% per year) and Poland (-20.1% per year).

In value terms, Russia ($X) constituted the largest supplier of melamine resins in primary forms to Belarus, comprising 77% of total imports. The second position in the ranking was held by Germany ($X), with a 4.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia stood at +14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.1% per year) and Poland (-22.3% per year).

Import Prices by Country

The average melamine resins import price stood at $X per ton in 2021, rising by 32% against the previous year. Over the period under review, the import price, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2020 an increase of 78% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (-2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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