Report Update Nov 1, 2024

Kuwait - Melamine Resins in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Melamine Resins Market 2024

Melamine Resins Market Size in Kuwait

The Kuwaiti melamine resins market shrank modestly to $X in 2021, falling by -3.7% against the previous year. In general, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -24.3% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Melamine Resins Production in Kuwait

In value terms, melamine resins production declined slightly to $X in 2021 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -20.6% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 68%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Melamine Resins Exports

Exports from Kuwait

In 2021, overseas shipments of melamine resins in primary forms decreased by -12.3% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 73% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, melamine resins exports fell to $X in 2021. In general, exports saw a sharp decrease. The smallest decline of -4.6% was in 2016. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for melamine resins exports from Kuwait, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates amounted to +21.2%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for melamine resins in primary forms exports from Kuwait.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates totaled +25.1%.

Export Prices by Country

In 2021, the average melamine resins export price amounted to $X per ton, picking up by 5.8% against the previous year. Overall, the export price recorded a remarkable increase. The pace of growth was the most pronounced in 2018 an increase of 206%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to +3.3% per year.

Melamine Resins Imports

Imports into Kuwait

In 2021, approx. X tons of melamine resins in primary forms were imported into Kuwait; shrinking by -71.2% on the previous year. In general, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 76%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, melamine resins imports fell remarkably to $X in 2021. Overall, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 70%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), Slovenia (X tons) and Italy (X tons) were the main suppliers of melamine resins imports to Kuwait, with a combined 75% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Slovenia (with a CAGR of +44.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest melamine resins suppliers to Kuwait were Germany ($X), Slovenia ($X) and Italy ($X), together comprising 69% of total imports.

Among the main suppliers, Slovenia, with a CAGR of +38.9%, 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 mixed trend patterns.

Import Prices by Country

The average melamine resins import price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 7.1% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for melamine resins in primary forms in the world?

China remains the largest melamine resins consuming country worldwide, comprising approx. 24% of total volume. Moreover, melamine resins consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with an 8.8% share.

What are the largest producers of melamine resins in primary forms in the world?

China remains the largest melamine resins producing country worldwide, comprising approx. 24% of total volume. Moreover, melamine resins production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by the United States, with an 8.8% share.

What are the leading suppliers of melamine resins in primary forms to Kuwait?

In value terms, Germany constituted the largest supplier of melamine resins to Kuwait.

What are the leading importers of melamine resins in primary forms from Kuwait?

In value terms, the United Arab Emirates remains the key foreign market for melamine resins exports from Kuwait.

What is the average export price for melamine resins in primary forms in Kuwait?

In 2020, the average melamine resins export price amounted to $1,976 per ton, shrinking by -44% against the previous year.

What is the average import price for melamine resins in primary forms in Kuwait?

In 2020, the average melamine resins import price amounted to $2,266 per ton, dropping by -6.7% against the previous year.

This report provides an in-depth analysis of the melamine resins market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20165570 - Melamine resins, in primary forms

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023