Asia-Pacific: Melamine Resins Market 2024

Melamine Resins Market Size in Asia-Pacific

The Asia-Pacific melamine resins market reduced to $X in 2022, dropping by X% against the previous year. In general, consumption continues to indicate a perceptible shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Melamine Resins Production in Asia-Pacific

In value terms, melamine resins production contracted to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable reduction. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Melamine Resins Exports

Exports in Asia-Pacific

In 2022, overseas shipments of melamine resins in primary forms increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, melamine resins exports rose sharply to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

China (X tons) and India (X tons) represented roughly X% of total exports in 2022. Thailand (X tons) ranks next in terms of the total exports with a X% share, followed by Taiwan (Chinese) (X%), Singapore (X%) and Japan (X%). Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest melamine resins supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Singapore (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, showed a noticeable decrease. The pace of growth appeared the most rapid in 2018 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Melamine Resins Imports

Imports in Asia-Pacific

In 2022, approx. X tons of melamine resins in primary forms were imported in Asia-Pacific; which is down by X% on the year before. Overall, imports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, melamine resins imports reached $X in 2022. Over the period under review, imports saw a mild downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the nine major importers of melamine resins in primary forms, namely India, Bangladesh, China, Vietnam, South Korea, Nepal, Malaysia, Indonesia and Thailand, represented more than two-thirds of total import.

From 2012 to 2022, the biggest increases were recorded for Nepal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest melamine resins importing markets in Asia-Pacific were China ($X), India ($X) and South Korea ($X), with a combined X% share of total imports. Vietnam, Malaysia, Bangladesh, Indonesia, Thailand and Nepal lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Nepal, with a CAGR of X%, saw the highest rates of growth with regard to 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 import price in Asia-Pacific stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform