CIS: Melamine Resins Market 2024

Melamine Resins Market Size in CIS

The CIS melamine resins market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption continues to indicate a deep downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Melamine Resins Production in CIS

In value terms, melamine resins production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt decrease. The growth pace was the most rapid in 2018 when the production volume increased by 11%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Melamine Resins Exports

Exports in CIS

For the tenth consecutive year, the CIS recorded growth in shipments abroad of melamine resins in primary forms, which increased by 87% to X tons in 2021. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 110%. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, melamine resins exports surged to $X in 2021. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2018 when exports increased by 120% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Exports by Country

Belarus was the largest exporter of melamine resins in primary forms in the CIS, with the volume of exports reaching X tons, which was approx. 70% of total exports in 2021. It was distantly followed by Russia (X tons), mixing up a 30% share of total exports.

Belarus was also the fastest-growing in terms of the melamine resins in primary forms exports, with a CAGR of +61.9% from 2012 to 2021. At the same time, Russia (+56.6%) displayed positive paces of growth. From 2012 to 2021, the share of Belarus increased by +7.4 percentage points.

In value terms, Belarus ($X) remains the largest melamine resins supplier in the CIS, comprising 71% of total exports. The second position in the ranking was held by Russia ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Belarus stood at +51.9%.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, declining by -23.9% against the previous year. In general, the export price recorded a deep setback. The growth pace was the most rapid in 2020 when the export price increased by 5.7% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Russia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (-6.2%).

Melamine Resins Imports

Imports in CIS

After three years of decline, supplies from abroad of melamine resins in primary forms increased by 20% to X tons in 2021. Over the period under review, imports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2015 when imports increased by 61%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, melamine resins imports soared to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia was the major importer of melamine resins in primary forms in the CIS, with the volume of imports accounting for X tons, which was near 62% of total imports in 2021. It was distantly followed by Belarus (X tons), comprising a 35% share of total imports. Uzbekistan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Belarus (with a CAGR of +20.5%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Russia ($X) constitutes the largest market for imported melamine resins in primary forms in the CIS, comprising 78% of total imports. The second position in the ranking was held by Belarus ($X), with a 19% share of total imports.

In Russia, melamine resins imports expanded at an average annual rate of +5.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Belarus (+11.9% per year) and Uzbekistan (-8.4% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, with an increase of 14% against the previous year. Over the period under review, the import price, however, recorded a mild decline. The most prominent rate of growth was recorded in 2020 an increase of 73%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+1.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :