Israel: Melamine Resins Market 2024

Melamine Resins Market Size in Israel

In 2021, the Israeli melamine resins market increased by 1.1% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Melamine Resins Production in Israel

In value terms, melamine resins production fell to $X in 2021 estimated in export price. Overall, production, however, saw a mild downturn. The growth pace was the most rapid in 2017 with an increase of 42%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Melamine Resins Exports

Exports from Israel

In 2021, melamine resins exports from Israel dropped dramatically to X tons, reducing by -66% against 2020. Overall, exports continue to indicate a sharp slump. The pace of growth was the most pronounced in 2020 when exports increased by 401% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, melamine resins exports reduced markedly to $X in 2021. Over the period under review, exports recorded a sharp descent. The pace of growth appeared the most rapid in 2020 with an increase of 240%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for melamine resins exports from Israel, accounting for a 82% share of total exports. Moreover, melamine resins exports to Turkey exceeded the volume sent to the second major destination, Spain (X tons), sixfold. The third position in this ranking was held by Italy (X kg), with a 1% share.

From 2012 to 2021, the average annual growth rate of volume to Turkey amounted to -39.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-2.3% per year) and Italy (-50.3% per year).

In value terms, Turkey ($X) remains the key foreign market for melamine resins in primary forms exports from Israel, comprising 94% of total exports. The second position in the ranking was taken by Spain ($X), with a 1.5% share of total exports. It was followed by Italy, with a 0.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey totaled -37.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-28.0% per year) and Italy (-52.6% per year).

Export Prices by Country

In 2021, the average melamine resins export price amounted to $X per ton, picking up by 67% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Spain ($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 States (+22.9%), while the prices for the other major destinations experienced more modest paces of growth.

Melamine Resins Imports

Imports into Israel

For the third year in a row, Israel recorded growth in supplies from abroad of melamine resins in primary forms, which increased by 34% to X tons in 2021. In general, imports enjoyed strong growth. The growth pace was the most rapid in 2020 when imports increased by 66% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, melamine resins imports surged to $X in 2021. Over the period under review, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 67%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Turkey (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of melamine resins imports to Israel, with a combined 83% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +70.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Germany ($X) and the United States ($X) constituted the largest melamine resins suppliers to Israel, with a combined 83% share of total imports.

Turkey, with a CAGR of +70.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average melamine resins import price amounted to $X per ton, rising by 9.9% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2018 an increase of 17%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Italy ($X per ton) and Thailand ($X per ton), while the price for the Netherlands ($X per ton) and Sweden ($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 (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :