Brazil: Melamine Resins Market 2024

Melamine Resins Market Size in Brazil

The Brazilian melamine resins market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, continues to indicate a mild contraction. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Melamine Resins Production in Brazil

In value terms, melamine resins production rose to $X in 2021 estimated in export price. Over the period under review, production, however, showed a slight contraction. The most prominent rate of growth was recorded in 2013 with an increase of 17% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Melamine Resins Exports

Exports from Brazil

In 2021, exports of melamine resins in primary forms from Brazil soared to X tons, with an increase of 75% compared with the previous year's figure. Overall, exports recorded strong growth. The pace of growth was the most pronounced in 2017 with an increase of 129%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, melamine resins exports skyrocketed to $X in 2021. Over the period under review, exports showed a strong increase. The growth pace was the most rapid in 2017 with an increase of 157% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

Argentina (X tons) was the main destination for melamine resins exports from Brazil, with a 67% share of total exports. Moreover, melamine resins exports to Argentina exceeded the volume sent to the second major destination, Chile (X tons), fivefold. The third position in this ranking was taken by Colombia (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Argentina amounted to +18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+39.1% per year) and Colombia (+3.7% per year).

In value terms, Argentina ($X) remains the key foreign market for melamine resins in primary forms exports from Brazil, comprising 59% of total exports. The second position in the ranking was taken by Chile ($X), with a 20% share of total exports. It was followed by Colombia, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Argentina amounted to +22.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+32.4% per year) and Colombia (+5.1% per year).

Export Prices by Country

The average melamine resins export price stood at $X per ton in 2021, growing by 4.5% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 53%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Colombia ($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 Germany (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Melamine Resins Imports

Imports into Brazil

In 2021, purchases abroad of melamine resins in primary forms was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2013 with an increase of 14% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, melamine resins imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt setback. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), Italy (X tons) and Norway (X tons) were the main suppliers of melamine resins imports to Brazil, together accounting for 57% of total imports. These countries were followed by Austria, Taiwan (Chinese), Japan, the Netherlands, the United States and Slovenia, which together accounted for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +29.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Austria ($X) appeared to be the largest melamine resins suppliers to Brazil, together accounting for 56% of total imports. Norway, Taiwan (Chinese), Japan, the United States, the Netherlands and Slovenia lagged somewhat behind, together accounting for a further 41%.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +32.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average melamine resins import price amounted to $X per ton, jumping by 20% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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