Norway: Melamine Resins Market 2024

Melamine Resins Market Size in Norway

After two years of decline, the Norwegian melamine resins market increased by 13% to $X in 2021. In general, consumption, however, saw a relatively flat trend pattern. Melamine resins consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Melamine Resins Production in Norway

In value terms, melamine resins production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.2% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 35%. Melamine resins production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Melamine Resins Exports

Exports from Norway

In 2021, shipments abroad of melamine resins in primary forms decreased by -0.1% to X tons, falling for the second consecutive year after eight years of growth. Over the period under review, exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2016 with an increase of 44% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, melamine resins exports soared to $X in 2021. In general, exports, however, posted a prominent increase. The growth pace was the most rapid in 2016 when exports increased by 46% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Sweden (X tons) was the main destination for melamine resins exports from Norway, with a 24% share of total exports. Moreover, melamine resins exports to Sweden exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden totaled +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-2.5% per year) and Germany (+18.6% per year).

In value terms, Sweden ($X) remains the key foreign market for melamine resins in primary forms exports from Norway, comprising 21% of total exports. The second position in the ranking was held by Germany ($X), with an 8.4% share of total exports. It was followed by the Netherlands, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden stood at +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+19.2% per year) and the Netherlands (-3.7% per year).

Export Prices by Country

The average melamine resins export price stood at $X per ton in 2021, with an increase of 26% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands ($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 South Korea (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Melamine Resins Imports

Imports into Norway

In 2021, supplies from abroad of melamine resins in primary forms decreased by -30% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports saw a deep setback. The most prominent rate of growth was recorded in 2013 when imports increased by 66% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, melamine resins imports declined significantly to $X in 2021. In general, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 74%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Sweden (X tons) constituted the largest melamine resins supplier to Norway, with a 61% share of total imports. Moreover, melamine resins imports from Sweden exceeded the figures recorded by the second-largest supplier, Austria (X tons), sixfold. The third position in this ranking was taken by Thailand (X tons), with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume from Sweden amounted to -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+174.0% per year) and Thailand (0.0% per year).

In value terms, Sweden ($X) constituted the largest supplier of melamine resins in primary forms to Norway, comprising 61% of total imports. The second position in the ranking was taken by Thailand ($X), with a 14% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (0.0% per year) and Germany (-6.3% per year).

Import Prices by Country

The average melamine resins import price stood at $X per ton in 2021, increasing by 7.7% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 37%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+30.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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