Europe: Melamine Resins Market 2024

Melamine Resins Market Size in Europe

In 2022, the Europe melamine resins market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Melamine Resins Production in Europe

In value terms, melamine resins production rose slightly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; afterwards, it flattened through to 2022.

Melamine Resins Exports

Exports in Europe

In 2022, exports of melamine resins in primary forms in Europe reduced markedly to X tons, shrinking by X% against the previous year. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then declined notably in the following year.

In value terms, melamine resins exports rose notably to $X in 2022. Total exports indicated a moderate increase from 2012 to 2022: its value 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 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

The shipments of the twelve major exporters of melamine resins in primary forms, namely Belgium, the Czech Republic, Germany, Norway, Belarus, Slovakia, Poland, Sweden, Slovenia, the Netherlands, Finland and Italy, represented more than two-thirds of total export.

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

In value terms, Germany ($X), Norway ($X) and Belgium ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. The Czech Republic, Sweden, Slovenia, the Netherlands, Poland, Italy, Slovakia, Belarus and Finland lagged somewhat behind, together accounting for a further X%.

Belarus, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, increasing by X% against the previous year. Export price indicated a perceptible expansion from 2012 to 2022: its price 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, melamine resins export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Italy ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Melamine Resins Imports

Imports in Europe

In 2022, after six years of growth, there was significant decline in purchases abroad of melamine resins in primary forms, when their volume decreased by X% to X tons. Total imports indicated buoyant growth 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, imports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, melamine resins imports soared to $X in 2022. In general, imports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

Poland (X tons), Germany (X tons) and France (X tons) represented roughly X% of total imports in 2022. Italy (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Latvia (X%), Luxembourg (X%) and Hungary (X%). Sweden (X tons), Croatia (X tons), Spain (X tons), the Netherlands (X tons), Russia (X tons) and Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (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 Europe were Germany ($X), France ($X) and Italy ($X), together accounting for X% of total imports. Sweden, Poland, Spain, the Netherlands, Hungary, Russia, Luxembourg, Latvia, Croatia and Bulgaria lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Bulgaria, with a CAGR of X%, 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

In 2022, the import price in Europe amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform