Report Update Nov 1, 2024

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

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Nigeria: Melamine Resins Market 2024

Melamine Resins Market Size in Nigeria

The Nigerien melamine resins market dropped significantly to $X in 2021, shrinking by -27.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, enjoyed prominent growth. Melamine resins consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Melamine Resins Exports

Exports from Nigeria

In 2020, the amount of melamine resins in primary forms exported from Nigeria was estimated at X tons, approximately reflecting the year before. In general, exports saw a significant increase. The growth pace was the most rapid in 2015 with an increase of 536% against the previous year. The exports peaked in 2020 and are likely to see steady growth in the near future.

In value terms, melamine resins exports totaled $X in 2020. Overall, exports saw a significant increase. The growth pace was the most rapid in 2015 with an increase of 392%. Over the period under review, the exports attained the maximum in 2020 and are likely to see gradual growth in years to come.

Exports by Country

Cote d'Ivoire (X tons) was the main destination for melamine resins exports from Nigeria, with a approx. 100% share of total exports.

From 2014 to 2020, the average annual growth rate of volume to Cote d'Ivoire was relatively modest.

From 2014 to 2020, the average annual rate of growth in terms of value to Cote d'Ivoire was relatively modest.

Export Prices by Country

In 2020, the average melamine resins export price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the average export price decreased by -22.5% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2020, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2014 to 2020, the rate of growth in terms of prices for Cote d'Ivoire amounted to 0.0% per year.

Melamine Resins Imports

Imports into Nigeria

In 2021, purchases abroad of melamine resins in primary forms decreased by -43.9% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports, however, recorded resilient growth. The pace of growth was the most pronounced in 2017 when imports increased by 130% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, melamine resins imports fell sharply to $X in 2021. In general, imports, however, recorded a buoyant increase. The growth pace was the most rapid in 2017 with an increase of 118%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Norway (X tons), South Korea (X tons) and the United States (X tons) were the main suppliers of melamine resins imports to Nigeria, with a combined 53% share of total imports. These countries were followed by India, China, France, the Netherlands and Germany, which together accounted for a further 39%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +153.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest melamine resins suppliers to Nigeria were South Korea ($X), Norway ($X) and France ($X), with a combined 57% share of total imports.

France, with a CAGR of +241.8%, saw the highest growth rate of 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, growing by 39% against the previous year. In general, the import price recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+34.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China constituted the country with the largest volume of melamine resins consumption, 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, accounting for 24% of total volume. Moreover, melamine resins production in China exceeded the figures recorded by the second-largest producer, India, twofold. The United States ranked third in terms of total production with an 8.8% share.

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

In value terms, the largest melamine resins suppliers to Nigeria were South Korea, India and China, with a combined 83% share of total imports.

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

The average melamine resins export price stood at $1,303 per ton in 2020, stabilizing at the previous year.

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

The average melamine resins import price stood at $1,545 per ton in 2020, shrinking by -22.1% against the previous year.

This report provides an in-depth analysis of the melamine resins market in Nigeria. 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:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
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