Report Update Nov 1, 2024

Sri Lanka - Melamine Resins in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Melamine Resins Market 2024

Melamine Resins Market Size in Sri Lanka

For the third year in a row, the Sri Lankan melamine resins market recorded growth in sales value, which increased by 106% to $X in 2021. Over the period under review, consumption recorded prominent growth. Melamine resins consumption peaked in 2021 and is likely to see steady growth in years to come.

Melamine Resins Exports

Exports from Sri Lanka

In 2021, shipments abroad of melamine resins in primary forms decreased by -20% to X kg, falling for the sixth year in a row after two years of growth. In general, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2015 with an increase of 97% against the previous year. The exports peaked at X kg in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, melamine resins exports fell dramatically to $X in 2021. Over the period under review, exports continue to indicate a dramatic slump. The growth pace was the most rapid in 2014 when exports increased by 69%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X kg) was the main destination for melamine resins exports from Sri Lanka, with a 98% share of total exports. It was followed by Maldives (X kg), with a 2.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +120.2%.

In value terms, Germany ($X) emerged as the key foreign market for melamine resins in primary forms exports from Sri Lanka, comprising 98% of total exports. The second position in the ranking was held by Maldives ($X), with a 2.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +136.6%.

Export Prices by Country

The average melamine resins export price stood at $X per ton in 2021, stabilizing at the previous year. Overall, the export price, however, continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2013 when the average export price increased by 27%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major export 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 Maldives totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+8.0%).

Melamine Resins Imports

Imports into Sri Lanka

In 2021, approx. X tons of melamine resins in primary forms were imported into Sri Lanka; picking up by 107% on the previous year's figure. Overall, imports posted a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 188%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, melamine resins imports soared to $X in 2021. In general, imports posted buoyant growth. The pace of growth was the most pronounced in 2017 when imports increased by 125%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

India (X tons), the United States (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of melamine resins imports to Sri Lanka, with a combined 37% share of total imports. These countries were followed by Saudi Arabia, China, the UK, Thailand, Egypt, Indonesia, Malaysia, the United Arab Emirates and Singapore, which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +49.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of melamine resins in primary forms to Sri Lanka, comprising 33% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 11% share of total imports. It was followed by the UK, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +24.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+10.9% per year) and the UK (+4.8% per year).

Import Prices by Country

In 2021, the average melamine resins import price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 43%. The import price peaked at $X per ton in 2016; however, from 2017 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 Malaysia ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for melamine resins in primary forms in the world?

China constituted the country with the largest volume of melamine resins consumption, comprising approx. 24% of total volume. Moreover, melamine resins consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with an 8.8% share.

What are the largest producers of melamine resins in primary forms in the world?

The country with the largest volume of melamine resins production was China, comprising approx. 24% of total volume. Moreover, melamine resins production in China exceeded the figures recorded by the second-largest producer, India, twofold. The United States ranked third in terms of total production with an 8.8% share.

What are the leading suppliers of melamine resins in primary forms to Sri Lanka?

In value terms, the United States, Germany and China constituted the largest melamine resins suppliers to Sri Lanka, with a combined 62% share of total imports. These countries were followed by the UK, India, Taiwan Chinese) and Egypt, which together accounted for a further 25%.

What is the average export price for melamine resins in primary forms in Sri Lanka?

In 2019, the average melamine resins export price amounted to $899 per ton, waning by -1.9% against the previous year.

What is the average import price for melamine resins in primary forms in Sri Lanka?

In 2020, the average melamine resins import price amounted to $1,621 per ton, reducing by -35.8% against the previous year.

This report provides an in-depth analysis of the melamine resins market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20165570 - Melamine resins, in primary forms

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023