China: Melamine Resins Market 2024

Melamine Resins Market Size in China

The Chinese melamine resins market shrank slightly to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Melamine Resins Production in China

In value terms, melamine resins production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

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Melamine Resins Exports

Exports from China

In 2022, overseas shipments of melamine resins in primary forms increased by X% to X tons, rising for the fourth year in a row after three years of decline. Overall, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, melamine resins exports soared to $X in 2022. Over the period under review, exports saw prominent growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Bangladesh (X tons), India (X tons) and Vietnam (X tons) were the main destinations of melamine resins exports from China, together comprising X% of total exports. Russia, Thailand, Turkey, the Philippines, South Korea, Indonesia, Egypt, Taiwan (Chinese), Kenya and Australia lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for melamine resins exported from China were Bangladesh ($X), India ($X) and Vietnam ($X), together accounting for X% of total exports. Russia, Thailand, Turkey, South Korea, the Philippines, Taiwan (Chinese), Indonesia, Egypt, Australia and Kenya lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

The average melamine resins export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Kenya ($X 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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Melamine Resins Imports

Imports into China

In 2022, approx. X tons of melamine resins in primary forms were imported into China; declining by X% compared with 2021. In general, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, melamine resins imports totaled $X in 2022. Over the period under review, imports continue to indicate a noticeable decline. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X tons), Taiwan (Chinese) (X tons) and Germany (X tons) were the main suppliers of melamine resins imports to China, together accounting for X% of total imports. The United States, Norway, Thailand, Malaysia, Spain, Indonesia, the Netherlands, Romania and India lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Taiwan (Chinese) ($X) and Germany ($X) appeared to be the largest melamine resins suppliers to China, with a combined X% share of total imports. The United States, Norway, Thailand, Spain, Romania, the Netherlands, Indonesia, Malaysia and India lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers 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 2022, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform