Canada: Melamine Resins Market 2024

Melamine Resins Market Size in Canada

In 2021, the Canadian melamine resins market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Melamine Resins Production in Canada

In value terms, melamine resins production rose rapidly to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 70% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Melamine Resins Exports

Exports from Canada

In 2021, after five years of decline, there was significant growth in shipments abroad of melamine resins in primary forms, when their volume increased by 18% to X tons. Over the period under review, exports, however, showed a slight descent. The most prominent rate of growth was recorded in 2014 when exports increased by 37% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, melamine resins exports surged to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for melamine resins exports from Canada, accounting for a 98% share of total exports. It was followed by China (X tons), with a 2.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -2.0%.

In value terms, the United States ($X) remains the key foreign market for melamine resins in primary forms exports from Canada, comprising 96% of total exports. The second position in the ranking was taken by China ($X), with a 4.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest.

Export Prices by Country

In 2021, the average melamine resins export price amounted to $X per ton, jumping by 74% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.9%).

Melamine Resins Imports

Imports into Canada

In 2021, after three years of decline, there was significant growth in overseas purchases of melamine resins in primary forms, when their volume increased by 6.1% to X tons. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 196%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, melamine resins imports skyrocketed to $X in 2021. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 81%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest melamine resins supplier to Canada, with a 83% share of total imports. Moreover, melamine resins imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was held by Norway (X tons), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.0% per year) and Norway (-1.2% per year).

In value terms, the United States ($X) constituted the largest supplier of melamine resins in primary forms to Canada, comprising 78% of total imports. The second position in the ranking was taken by Norway ($X), with an 8% share of total imports. It was followed by India, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+1.4% per year) and India (+134.6% per year).

Import Prices by Country

The average melamine resins import price stood at $X per ton in 2021, with an increase of 9.7% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 58%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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