Romania: Melamine Resins Market 2024

Melamine Resins Market Size in Romania

In 2021, the Romanian melamine resins market increased by 53% to $X, rising for the sixth year in a row after two years of decline. Over the period under review, the total consumption indicated a buoyant 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. Based on 2021 figures, consumption increased by +105.5% against 2015 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Melamine Resins Production in Romania

In value terms, melamine resins production skyrocketed to $X in 2021 estimated in export price. Overall, the total production indicated a buoyant expansion 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, production reached the peak level and is likely to continue growth in the immediate term.

Melamine Resins Exports

Exports from Romania

In 2021, overseas shipments of melamine resins in primary forms increased by 22% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +9.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 39%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, melamine resins exports soared to $X in 2021. Over the period under review, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +11.5% over the last nine-year period. The trend pattern, however, 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

Italy (X tons) was the main destination for melamine resins exports from Romania, with a 70% share of total exports. Moreover, melamine resins exports to Italy exceeded the volume sent to the second major destination, France (X tons), sevenfold. The third position in this ranking was held by South Korea (X tons), with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume to Italy totaled +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-1.7% per year) and South Korea (+10.9% per year).

In value terms, Italy ($X) remains the key foreign market for melamine resins in primary forms exports from Romania, comprising 65% of total exports. The second position in the ranking was held by India ($X), with a 12% share of total exports. It was followed by South Korea, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Italy totaled +16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+7.5% per year) and South Korea (+14.2% per year).

Export Prices by Country

The average melamine resins export price stood at $X per ton in 2021, picking up by 53% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to India ($X per ton) and South Korea ($X per ton), while the average price for exports to Italy ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Melamine Resins Imports

Imports into Romania

After two years of growth, purchases abroad of melamine resins in primary forms decreased by -51.3% to X tons in 2021. Over the period under review, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 182% against the previous year. Imports peaked at X tons in 2020, and then shrank markedly in the following year.

In value terms, melamine resins imports declined notably to $X in 2021. In general, imports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of 117% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020, and then reduced sharply in the following year.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of melamine resins to Romania, accounting for a 64% share of total imports. Moreover, melamine resins imports from Turkey exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), threefold. The third position in this ranking was held by Hungary (X tons), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey stood at +182.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+3.5% per year) and Hungary (+46.7% per year).

In value terms, Slovenia ($X), Turkey ($X) and Germany ($X) appeared to be the largest melamine resins suppliers to Romania, with a combined 70% share of total imports.

Among the main suppliers, Turkey, with a CAGR of +108.6%, recorded the highest rates of growth with regard to the value of imports, 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 61% against the previous year. Overall, the import price, however, saw a abrupt shrinkage. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 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 Austria ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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