Spain: Melamine Resins Market 2024

Melamine Resins Market Size in Spain

The Spanish melamine resins market surged to $X in 2021, growing by 29% against the previous year. In general, consumption enjoyed a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Melamine Resins Production in Spain

In value terms, melamine resins production skyrocketed to $X in 2021 estimated in export price. In general, production enjoyed temperate growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Melamine Resins Exports

Exports from Spain

In 2021, melamine resins exports from Spain declined to X tons, falling by -6.6% on 2020 figures. Overall, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 44% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, melamine resins exports skyrocketed to $X in 2021. In general, exports recorded a deep slump. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for melamine resins exports from Spain, with a 73% share of total exports. Moreover, melamine resins exports to France exceeded the volume sent to the second major destination, Portugal (X tons), sixfold. The Netherlands (X tons) ranked third in terms of total exports with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume to France totaled -15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+9.8% per year) and the Netherlands (-21.5% per year).

In value terms, France ($X) remains the key foreign market for melamine resins in primary forms exports from Spain, comprising 50% of total exports. The second position in the ranking was held by Portugal ($X), with an 18% share of total exports. It was followed by Morocco, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled -13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+13.1% per year) and Morocco (+23.8% per year).

Export Prices by Country

The average melamine resins export price stood at $X per ton in 2021, increasing by 59% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to France ($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 the Netherlands (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.

Melamine Resins Imports

Imports into Spain

In 2021, supplies from abroad of melamine resins in primary forms was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 28% against the previous year. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, melamine resins imports soared to $X in 2021. The total import value increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Portugal (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of melamine resins imports to Spain, with a combined 82% share of total imports. These countries were followed by Sweden, Slovenia, France, Italy and South Korea, which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +137.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Portugal ($X) and the Netherlands ($X) appeared to be the largest melamine resins suppliers to Spain, together accounting for 72% of total imports. These countries were followed by Sweden, Slovenia, Italy, France and South Korea, which together accounted for a further 22%.

In terms of the main suppliers, Sweden, with a CAGR of +124.7%, 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

The average melamine resins import price stood at $X per ton in 2021, surging by 20% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for France ($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 (+30.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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