South-Eastern Asia: Melamine Resins Market 2024

Melamine Resins Market Size in South-Eastern Asia

After two years of decline, the Southeast Asian melamine resins market increased by 8.6% to $X in 2021. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Melamine Resins Production in South-Eastern Asia

In value terms, melamine resins production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by 34%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Melamine Resins Exports

Exports in South-Eastern Asia

In 2021, after three years of decline, there was significant growth in overseas shipments of melamine resins in primary forms, when their volume increased by 26% to X tons. In general, exports, however, saw a mild setback. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, melamine resins exports surged to $X in 2021. Overall, exports, however, continue to indicate a mild contraction. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand (X tons) and Singapore (X tons) dominates exports structure, together creating 83% of total exports. Indonesia (X tons) took the next position in the ranking, followed by Vietnam (X tons). All these countries together held near 13% share of total exports. Malaysia (X tons) took a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +3.9%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Thailand ($X), Singapore ($X) and Indonesia ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 95% share of total exports.

In terms of the main exporting countries, Singapore, with a CAGR of +1.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, with an increase of 8.9% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the export price increased by 20% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+2.0%), while the other leaders experienced more modest paces of growth.

Melamine Resins Imports

Imports in South-Eastern Asia

In 2021, supplies from abroad of melamine resins in primary forms was finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, saw a deep setback. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, melamine resins imports surged to $X in 2021. In general, imports, however, showed a abrupt descent. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Cambodia (X tons), Vietnam (X tons), Malaysia (X tons), Indonesia (X tons) and Thailand (X tons) represented the major importer of melamine resins in primary forms in South-Eastern Asia, constituting 91% of total import. It was distantly followed by Singapore (X tons), mixing up a 5.5% share of total imports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Cambodia (with a CAGR of +31.6%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Malaysia ($X), Vietnam ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2021, with a combined 61% share of total imports. These countries were followed by Thailand, Singapore, Cambodia and the Philippines, which together accounted for a further 38%.

Cambodia, with a CAGR of +29.2%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, surging by 8.2% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 17%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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