Russian Federation: Melamine Resins Market 2024

Melamine Resins Market Size in the Russian Federation

In 2021, the Russian melamine resins market increased by 7.7% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, saw a abrupt downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Melamine Resins Production in the Russian Federation

In value terms, melamine resins production rose rapidly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 14% against the previous year. Melamine resins production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Melamine Resins Exports

Exports from the Russian Federation

In 2021, the amount of melamine resins in primary forms exported from Russia surged to X tons, growing by 77% compared with the year before. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, melamine resins exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belarus (X tons) was the main destination for melamine resins exports from Russia, with a 85% share of total exports. Moreover, melamine resins exports to Belarus exceeded the volume sent to the second major destination, Germany (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume to Belarus totaled +60.0%.

In value terms, Belarus ($X) remains the key foreign market for melamine resins in primary forms exports from Russia, comprising 78% of total exports. The second position in the ranking was held by Germany ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Belarus stood at +38.1%.

Export Prices by Country

The average melamine resins export price stood at $X per ton in 2021, rising by 24% against the previous year. Overall, the export price, however, showed a abrupt descent. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Belarus amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (-13.7%).

Melamine Resins Imports

Imports into the Russian Federation

In 2021, purchases abroad of melamine resins in primary forms increased by 21% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.1% against 2018 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 26% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, melamine resins imports surged to $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +92.3% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Norway (X tons) and the Netherlands (X tons) were the main suppliers of melamine resins imports to Russia, with a combined 75% share of total imports. These countries were followed by Estonia, Slovenia, Sweden, Italy and India, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Estonia (with a CAGR of +40.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest melamine resins suppliers to Russia were Germany ($X), Norway ($X) and the Netherlands ($X), together comprising 76% of total imports. These countries were followed by Slovenia, Italy, Estonia, Sweden and India, which together accounted for a further 21%.

In terms of the main suppliers, Estonia, with a CAGR of +39.0%, recorded the highest growth rate of 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 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Norway ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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