Egypt: Melamine Resins Market 2024

Melamine Resins Market Size in Egypt

The Egyptian melamine resins market amounted to $X in 2021, almost unchanged from the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Melamine Resins Production in Egypt

In value terms, melamine resins production dropped slightly to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 26% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Melamine Resins Exports

Exports from Egypt

Melamine resins exports from Egypt soared to X tons in 2021, increasing by 17% against the previous year's figure. Over the period under review, exports, however, continue to indicate a slight contraction. The growth pace was the most rapid in 2013 when exports increased by 148%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, melamine resins exports skyrocketed to $X in 2021. Overall, exports, however, showed a perceptible decline. The pace of growth was the most pronounced in 2013 with an increase of 86%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Morocco (X tons), Gabon (X tons) and Saudi Arabia (X tons) were the main destinations of melamine resins exports from Egypt, together accounting for 62% of total exports. Algeria, the United Arab Emirates, Jordan, China, Ethiopia, Oman, Turkey, Kenya, South Korea and Australia lagged somewhat behind, together comprising a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +169.8%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Morocco ($X) and Gabon ($X) were the largest markets for melamine resins exported from Egypt worldwide, together accounting for 50% of total exports. These countries were followed by the United Arab Emirates, China, Ethiopia, Oman, Jordan, Algeria, South Korea, Kenya, Turkey and Australia, which together accounted for a further 48%.

Among the main countries of destination, South Korea, with a CAGR of +178.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average melamine resins export price stood at $X per ton in 2021, rising by 19% against the previous year. Overall, the export price, however, recorded a slight decline. The most prominent rate of growth was recorded in 2020 an increase of 20% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Morocco ($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 the United Arab Emirates (+28.1%), while the prices for the other major destinations experienced more modest paces of growth.

Melamine Resins Imports

Imports into Egypt

Melamine resins imports into Egypt rose sharply to X tons in 2021, growing by 5.5% against the previous year's figure. Over the period under review, imports showed a slight expansion. The most prominent rate of growth was recorded in 2013 with an increase of 120%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, melamine resins imports skyrocketed to $X in 2021. Overall, imports saw modest growth. The growth pace was the most rapid in 2014 with an increase of 111% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Spain (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of melamine resins imports to Egypt, together comprising 66% of total imports. These countries were followed by Italy, Germany, India, Sweden, Taiwan (Chinese), France, Thailand and Turkey, which together accounted for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +41.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), China ($X) and the Netherlands ($X) constituted the largest melamine resins suppliers to Egypt, with a combined 66% share of total imports. These countries were followed by Italy, Germany, India, Sweden, Taiwan (Chinese), France, Thailand and Turkey, which together accounted for a further 33%.

India, with a CAGR of +38.5%, recorded the highest rates of growth with regard to the value of imports, among 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, with an increase of 9.9% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 19%. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and India ($X per ton), while the price for Thailand ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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