Europe: Melamine Resins Market 2024

Melamine Resins Market Size in Europe

In 2021, the Europe melamine resins market increased by 24% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, recorded a slight setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Melamine Resins Production in Europe

In value terms, melamine resins production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a perceptible descent. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Melamine Resins Exports

Exports in Europe

In 2021, overseas shipments of melamine resins in primary forms increased by 18% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, melamine resins exports soared to $X in 2021. The total export value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained 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 largest exporters of melamine resins in primary forms in Europe, together reaching near 42% of total exports. It was distantly followed by Germany (X tons), Slovakia (X tons), Norway (X tons) and Slovenia (X tons), together generating a 35% share of total exports. The following exporters - Poland (X tons), Sweden (X tons), Belarus (X tons), the Netherlands (X tons) and Italy (X tons) - together made up 16% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belarus (with a CAGR of +61.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest melamine resins supplying countries in Europe were Germany ($X), Norway ($X) and Belgium ($X), together comprising 47% of total exports. Slovenia, the Czech Republic, Sweden, the Netherlands, Italy, Poland, Slovakia and Belarus lagged somewhat behind, together accounting for a further 45%.

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 Europe amounted to $X per ton, rising by 27% against the previous year. In general, the export price showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; afterwards, it flattened through to 2021.

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 Italy ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+12.5%), while the other leaders experienced more modest paces of growth.

Melamine Resins Imports

Imports in Europe

In 2021, melamine resins imports in Europe surged to X tons, picking up by 26% on the previous year's figure. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.7% 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 +77.1% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, melamine resins imports skyrocketed to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.1% 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

France (X tons) and Germany (X tons) were the main importers of melamine resins in primary forms in 2021, resulting at approx. 18% and 16% of total imports, respectively. Poland (X tons) ranks next in terms of the total imports with a 9.2% share, followed by Luxembourg (7.7%), Italy (6.3%), Hungary (6.2%), Bulgaria (5.1%) and Croatia (4.9%). The following importers - Latvia (X tons), Sweden (X tons), Russia (X tons), Spain (X tons) and the Netherlands (X tons) - together made up 15% 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, Germany ($X), France ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2021, with a combined 45% share of total imports. Poland, Sweden, Russia, Luxembourg, Spain, Hungary, the Netherlands, Bulgaria, Croatia and Latvia lagged somewhat behind, together accounting for a further 39%.

Bulgaria, with a CAGR of +41.9%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2021, jumping 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 2013; however, from 2014 to 2021, import prices stood at a somewhat 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 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