Belgium: Melamine Resins Market 2024

Melamine Resins Market Size in Belgium

The Belgian melamine resins market skyrocketed to $X in 2021, rising by 139% against the previous year. In general, consumption saw a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Melamine Resins Production in Belgium

In value terms, melamine resins production skyrocketed to $X in 2021 estimated in export price. Overall, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +9.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +80.0% against 2017 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Melamine Resins Exports

Exports from Belgium

In 2021, after two years of decline, there was significant growth in shipments abroad of melamine resins in primary forms, when their volume increased by 21% to X tons. Overall, exports, however, showed a mild reduction. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, melamine resins exports skyrocketed to $X in 2021. In general, exports saw modest growth. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

France (X tons), Luxembourg (X tons) and Germany (X tons) were the main destinations of melamine resins exports from Belgium, with a combined 99% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Luxembourg (with a CAGR of +23.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for melamine resins exported from Belgium were France ($X), Luxembourg ($X) and Germany ($X), together accounting for 95% of total exports.

Luxembourg, with a CAGR of +21.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average melamine resins export price amounted to $X per ton, increasing by 52% against the previous year. In general, export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +2.9% 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 +40.3% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Germany ($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 France (+3.9%), while the prices for the other major destinations experienced a decline.

Melamine Resins Imports

Imports into Belgium

In 2021, overseas purchases of melamine resins in primary forms increased by 34% to X tons, rising for the second consecutive year after six years of decline. Overall, imports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 66%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, melamine resins imports skyrocketed to $X in 2021. In general, imports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2013 when imports increased by 61%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Sweden (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of melamine resins imports to Belgium, with a combined 90% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +60.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest melamine resins suppliers to Belgium were Germany ($X), Sweden ($X) and the Netherlands ($X), with a combined 86% share of total imports.

Sweden, with a CAGR of +65.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average melamine resins import price stood at $X per ton in 2021, picking up by 17% against the previous year. In general, the import price showed a prominent increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 70% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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