MENA: Melamine Market 2024

Melamine Market Size in MENA

For the third year in a row, the MENA's melamine market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption, however, posted a prominent increase. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the near future.

Melamine Production in MENA

In value terms, melamine production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Melamine Exports

Exports in MENA

In 2022, melamine exports in MENA declined modestly to X tons, dropping by X% compared with the previous year. In general, exports recorded a slight contraction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, melamine exports soared to $X in 2022. Over the period under review, exports, however, showed a temperate increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Qatar dominates exports structure, recording X tons, which was approx. X% of total exports in 2022. Iran (X tons) ranks second in terms of the total exports with a X% share, followed by Turkey (X%).

Exports from Qatar decreased at an average annual rate of X% from 2012 to 2022. At the same time, Turkey (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, Iran (X%) illustrated a downward trend over the same period. Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while Qatar and Iran saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Qatar ($X) remains the largest melamine supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with an X% share of total exports.

In Qatar, melamine exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Iran (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Melamine Imports

Imports in MENA

In 2022, after two years of growth, there was significant decline in overseas purchases of melamine, when their volume decreased by X% to X tons. Total imports indicated a moderate expansion 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 2019 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then declined remarkably in the following year.

In value terms, melamine imports expanded notably to $X in 2022. Overall, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Turkey prevails in imports structure, finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Egypt (X tons), generating a X% share of total imports. The following importers - Saudi Arabia (X tons) and the United Arab Emirates (X tons) - together made up X% of total imports.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) and Egypt (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey and Egypt increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported melamine in MENA, comprising X% of total imports. The second position in the ranking was held by Egypt ($X), with a X% share of total imports. It was followed by Saudi Arabia, with a X% share.

In Turkey, melamine imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Egypt (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, jumping by X% against the previous year. Overall, the import price recorded a prominent expansion. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform