Hong Kong SAR, China - Melamine Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMelamine Resins Price in Hong Kong SAR - 2023
Contents:
- Melamine Resins Price in Hong Kong SAR (FOB) - 2022
- Melamine Resins Price in Hong Kong SAR (CIF) - 2022
- Melamine Resins Exports in Hong Kong SAR
- Melamine Resins Imports in Hong Kong SAR
Melamine Resins Price in Hong Kong SAR (FOB) - 2022
In 2022, the average melamine resins export price amounted to $3,616 per ton, rising by 5% against the previous year. In general, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, melamine resins export price increased by +59.9% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 44% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($4,918 per ton), while the average price for exports to Vietnam ($2,405 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.7%).
Melamine Resins Price in Hong Kong SAR (CIF) - 2022
The average melamine resins import price stood at $4,467 per ton in 2022, picking up by 5.3% against the previous year. Overall, the import price saw a measured increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 84% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($33,000 per ton), while the price for China ($2,608 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+26.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Melamine Resins Exports in Hong Kong SAR
In 2022, overseas shipments of melamine resins in primary forms decreased by -46.6% to 69 tons, falling for the second year in a row after two years of growth. In general, exports saw a sharp reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 43% against the previous year. As a result, the exports attained the peak of 462 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, melamine resins exports fell remarkably to $249K in 2022. Overall, exports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2020 when exports increased by 51%. As a result, the exports reached the peak of $1.1M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Melamine Resins in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 730 | 1,106 | 279 | 162 | -39.5% |
| Vietnam | N/A | N/A | 165 | 83.5 | -49.4% |
| Russia | N/A | N/A | N/A | 3.9 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 730 | 1,106 | 444 | 249 | -30.1% |
Top Export Markets for Melamine Resins from Hong Kong SAR in 2022:
- Vietnam (34.7 tons)
- China (32.9 tons)
- Russia (1.3 tons)
Melamine Resins Imports in Hong Kong SAR
In 2022, purchases abroad of melamine resins in primary forms decreased by -29.5% to 69 tons, falling for the second consecutive year after two years of growth. In general, imports faced a dramatic decline. The pace of growth appeared the most rapid in 2020 with an increase of 49%. As a result, imports reached the peak of 269 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, melamine resins imports declined significantly to $310K in 2022. Over the period under review, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 41% against the previous year. As a result, imports reached the peak of $622K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Melamine Resins in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 81.9 | 129 | 183 | 159 | 24.7% |
| China | 3.1 | 28.8 | 165 | 83.5 | 199.8% |
| Thailand | 69.8 | 54.4 | 27.0 | 64.0 | -2.9% |
| Singapore | 37.1 | 3.2 | N/A | 1.8 | -63.5% |
| South Korea | N/A | 45.2 | N/A | N/A | 0% |
| United States | N/A | 146 | 43.3 | N/A | -70.3% |
| Taiwan (Chinese) | 248 | 215 | N/A | N/A | -13.3% |
| Others | N/A | N/A | N/A | 1.9 | 0% |
| Total | 440 | 622 | 418 | 310 | -11.0% |
Top Suppliers of Melamine Resins to Hong Kong SAR in 2022:
- China (32.0 tons)
- Thailand (21.6 tons)
- Japan (15.0 tons)
- Singapore (0.1 tons)
This report provides an in-depth analysis of the melamine resins market in Hong Kong SAR, China. 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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