Germany - Melamine Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
Melamine Resins Price in Germany Declines 7%, Averaging $3,143 per Ton
Germany Melamine Resins Export Price in September 2022
In September 2022, the melamine resins price amounted to $3,143 per ton (FOB, Germany), which is down by -6.9% against the previous month. Over the last eight months, it increased at an average monthly rate of +1.9%. The pace of growth appeared the most rapid in June 2022 an increase of 8.6% month-to-month. Over the period under review, the average export prices hit record highs at $3,376 per ton in August 2022, and then reduced in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was China ($5,630 per ton), while the average price for exports to Switzerland ($1,854 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Germany Melamine Resins Exports
In September 2022, after two months of decline, there was significant growth in shipments abroad of melamine resins in primary forms, when their volume increased by 20% to 3.2K tons. In general, exports, however, showed a pronounced setback. The exports peaked at 3.9K tons in January 2022; however, from February 2022 to September 2022, the exports remained at a lower figure.
In value terms, melamine resins exports expanded sharply to $10M (IndexBox estimates) in September 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2022 with an increase of 15% month-to-month. Over the period under review, the exports hit record highs at 12K tons in June 2022; however, from July 2022 to September 2022, the exports remained at a lower figure.
Germany Melamine Resins Exports by Country
Italy (845 tons) was the main destination for melamine resins exports from Germany, accounting for a 27% share of total exports. Moreover, melamine resins exports to Italy exceeded the volume sent to the second major destination, France (294 tons), threefold. The third position in this ranking was taken by Switzerland (260 tons), with an 8.2% share.
From January 2022 to September 2022, the average monthly growth rate of volume to Italy totaled +3.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: France (-4.4% per month) and Switzerland (-5.6% per month).
In value terms, Italy ($2.5M) remains the key foreign market for melamine resins exports from Germany, comprising 25% of total exports. The second position in the ranking was taken by France ($1.2M), with a 12% share of total exports. It was followed by Spain, with an 8.6% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of value to Italy amounted to +4.9%. Exports to the other major destinations recorded the following average monthly rates of exports growth: France (+1.0% per month) and Spain (+3.6% per month).
Factors Affecting Melamine Resin Prices
Melamine resins are a type of plastic that is commonly used in the manufacture of kitchen and bathroom countertops, as well as in many other household products. Despite their widespread use, melamine resins are not particularly cheap, and the price of these materials has been rising in recent years.
There are a number of factors that have contributed to the increase in melamine resin prices. First and foremost, the cost of raw materials has been on the rise. This is largely due to higher energy and transportation costs, which have made it more expensive to produce and ship these materials. Additionally, the demand for melamine resins has been growing steadily, while supplies have remained relatively static. This has put upward pressure on prices.
This report provides an in-depth analysis of the melamine resins market in Germany. 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.
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Finding New Products to Diversify Your Business
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The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
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The Largest Producers on The Market and Their Profiles
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