Eastern Europe: Melamine Resins Market 2024

Melamine Resins Market Size in Eastern Europe

In 2021, the East European melamine resins market was finally on the rise to reach $X after two years of decline. In general, consumption, however, saw a abrupt slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Melamine Resins Production in Eastern Europe

In value terms, melamine resins production expanded significantly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of 14% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Melamine Resins Exports

Exports in Eastern Europe

In 2021, shipments abroad of melamine resins in primary forms increased by 26% to X tons, rising for the sixth year in a row after two years of decline. Over the period under review, exports saw a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 74%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, melamine resins exports soared to $X in 2021. Overall, exports continue to indicate a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Czech Republic represented the main exporting country with an export of about X tons, which finished at 45% of total exports. Slovakia (X tons) held the second position in the ranking, distantly followed by Poland (X tons) and Belarus (X tons). All these countries together took near 45% share of total exports. The following exporters - Romania (X tons) and Russia (X tons) - each recorded a 7.4% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +61.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest melamine resins supplying countries in Eastern Europe were the Czech Republic ($X), Poland ($X) and Slovakia ($X), together accounting for 66% of total exports. These countries were followed by Romania, Belarus and Russia, which together accounted for a further 28%.

Belarus, with a CAGR of +51.9%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, jumping by 45% against the previous year. Overall, the export price showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Romania ($X per ton), while Slovakia ($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 (+3.6%), while the other leaders experienced more modest paces of growth.

Melamine Resins Imports

Imports in Eastern Europe

In 2021, supplies from abroad of melamine resins in primary forms increased by 18% to X tons, rising for the third year in a row after two years of decline. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 40%. The volume of import peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, melamine resins imports skyrocketed to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +9.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +105.0% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Poland (X tons), Hungary (X tons), Bulgaria (X tons) and Latvia (X tons) represented the largest importer of melamine resins in primary forms in Eastern Europe, constituting 73% of total import. It was distantly followed by Russia (X tons), mixing up a 7.6% share of total imports. The following importers - Belarus (X tons) and Ukraine (X tons) - each recorded an 8.3% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bulgaria (with a CAGR of +46.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest melamine resins importing markets in Eastern Europe were Poland ($X), Russia ($X) and Hungary ($X), with a combined 57% share of total imports. Bulgaria, Latvia, Ukraine and Belarus lagged somewhat behind, together comprising a further 27%.

Among the main importing countries, Bulgaria, with a CAGR of +41.9%, recorded 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 import price in Eastern Europe amounted to $X per ton, with an increase of 28% against the previous year. Overall, the import price, however, recorded a noticeable descent. 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 Russia ($X per ton), while Latvia ($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 (+1.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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