EU: Melamine Resins Market 2024

Melamine Resins Market Size in the EU

The EU melamine resins market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Melamine Resins Production in the EU

In value terms, melamine resins production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Melamine Resins Exports

Exports in the EU

In 2021, overseas shipments of melamine resins in primary forms were finally on the rise to reach X tons after two years of decline. Overall, exports continue to indicate a relatively flat trend pattern. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, melamine resins exports soared to $X in 2021. The total export value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Belgium (X tons) and the Czech Republic (X tons) were the major exporters of melamine resins in primary forms in the European Union, together resulting at approx. 48% of total exports. Germany (X tons) took the next position in the ranking, followed by Slovakia (X tons), Slovenia (X tons) and Poland (X tons). All these countries together held near 36% share of total exports. Sweden (X tons) held a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +30.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest melamine resins supplying countries in the European Union were Germany ($X), Belgium ($X) and Slovenia ($X), with a combined 51% share of total exports. The Czech Republic, Sweden, Poland and Slovakia lagged somewhat behind, together comprising a further 26%.

In terms of the main exporting countries, the Czech Republic, with a CAGR of +29.3%, saw the highest growth rate of 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

In 2021, the export price in the European Union amounted to $X per ton, picking up by 33% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; afterwards, it flattened through to 2021.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while Slovakia ($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 the EU

For the fourth consecutive year, the European Union recorded growth in overseas purchases of melamine resins in primary forms, which increased by 27% to X tons in 2021. Total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.8% 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 +89.2% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, melamine resins imports surged to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X tons) and Germany (X tons) represented the main importers of melamine resins in primary forms in 2021, reaching approx. 19% and 18% of total imports, respectively. Poland (X tons) took the next position in the ranking, followed by Luxembourg (X tons), Italy (X tons), Hungary (X tons), Bulgaria (X tons), Croatia (X tons) and Latvia (X tons). All these countries together took approx. 48% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +46.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest melamine resins importing markets in the European Union were Germany ($X), France ($X) and Italy ($X), with a combined 51% share of total imports. Poland, Luxembourg, Hungary, Bulgaria, Croatia and Latvia lagged somewhat behind, together accounting for a further 24%.

Among the main importing countries, Bulgaria, with a CAGR of +41.9%, saw the highest rates of growth with regard to 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 the European Union amounted to $X per ton, surging by 26% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per ton), while Croatia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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