Report Update Nov 1, 2024

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

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Vietnam: Melamine Resins Market 2024

Melamine Resins Market Size in Vietnam

In 2021, the Vietnamese melamine resins market decreased by -7.9% to $X, falling for the fourth consecutive year after three years of growth. Overall, consumption showed a perceptible decline. Melamine resins consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Melamine Resins Exports

Exports from Vietnam

Melamine resins exports from Vietnam skyrocketed to X tons in 2021, rising by 523% against the year before. In general, exports, however, showed a mild decrease. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, melamine resins exports soared to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons), Thailand (X tons) and Malaysia (X tons) were the main destinations of melamine resins exports from Vietnam, with a combined 91% share of total exports. Russia, South Korea and Japan lagged somewhat behind, together comprising a further 9.2%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +368.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for melamine resins exported from Vietnam were Indonesia ($X), Thailand ($X) and Malaysia ($X), with a combined 89% share of total exports. Russia, South Korea and Japan lagged somewhat behind, together comprising a further 11%.

Russia, with a CAGR of +480.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average melamine resins export price amounted to $X per ton, rising by 2.7% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 49% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Thailand ($X per ton) and Russia ($X per ton), while the average price for exports to Indonesia ($X per ton) and Malaysia ($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 Russia (+24.0%), while the prices for the other major destinations experienced more modest paces of growth.

Melamine Resins Imports

Imports into Vietnam

In 2021, supplies from abroad of melamine resins in primary forms decreased by -5.5% to X tons, falling for the fourth year in a row after three years of growth. Over the period under review, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of 12%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, melamine resins imports surged to $X in 2021. In general, imports recorded a mild shrinkage. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Thailand (X tons) were the main suppliers of melamine resins imports to Vietnam, together comprising 85% of total imports. Japan, South Korea and Norway lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of +44.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest melamine resins suppliers to Vietnam were China ($X), Taiwan (Chinese) ($X) and Thailand ($X), with a combined 85% share of total imports. Japan, South Korea and Norway lagged somewhat behind, together comprising a further 13%.

Among the main suppliers, Norway, with a CAGR of +39.8%, 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, jumping by 33% against the previous year. In general, import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, melamine resins import price increased by +95.4% against 2016 indices. The pace of growth was the most pronounced in 2018 an increase of 34%. The import price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Norway ($X per ton) and Japan ($X per ton), while the price for China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.4%), 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 in the world?

The countries with the highest volumes of in 2021 were Turkey, India and Thailand, together comprising 31% of global consumption. These countries were followed by Indonesia, Malaysia, Qatar, Brazil, Italy, Belgium, Spain, the UK, Belarus and Trinidad and Tobago, which together accounted for a further 36%.

What are the largest producers of melamine in the world?

China constituted the country with the largest volume of melamine production, accounting for 58% of total volume. Moreover, melamine production in China exceeded the figures recorded by the second-largest producer, the Netherlands, fivefold. The third position in this ranking was occupied by Germany, with a 6.7% share.

What are the leading suppliers of melamine to Vietnam?

In value terms, China constituted the largest supplier of melamine to Vietnam, comprising 94% of total imports. The second position in the ranking was occupied by Japan, with a 3.4% share of total imports.

What are the leading importers of melamine from Vietnam?

In value terms, India remains the key foreign market for melamine exports from Vietnam, comprising 83% of total exports. The second position in the ranking was occupied by Malaysia, with a 7.1% share of total exports. It was followed by Singapore, with a 7% share.

What is the average export price for melamine in Vietnam?

The average melamine export price stood at $1,111 per ton in 2021, with an increase of 12% against the previous year.

What is the average import price for melamine in Vietnam?

In 2021, the average melamine import price amounted to $1,141 per ton, picking up by 12% against the previous year.

This report provides an in-depth analysis of the melamine resins market in Vietnam. 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:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
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