MENA: Melamine Resins Market 2024

Melamine Resins Market Size in MENA

The MENA's melamine resins market declined to $X in 2022, stabilizing at the previous year. Over the period under review, consumption, however, saw a mild reduction. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Melamine Resins Production in MENA

In value terms, melamine resins production reduced slightly to $X in 2022 estimated in export price. Overall, production showed a mild downturn. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Melamine Resins Exports

Exports in MENA

In 2022, the amount of melamine resins in primary forms exported in MENA contracted remarkably to X tons, with a decrease of X% against 2021 figures. Overall, exports, however, posted resilient growth. The pace of growth was the most pronounced in 2019 when exports increased by X%. The volume of export peaked at X tons in 2021, and then shrank notably in the following year.

In value terms, melamine resins exports contracted slightly to $X in 2022. Over the period under review, exports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then reduced slightly in the following year.

Exports by Country

Turkey was the key exporter of melamine resins in primary forms in MENA, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. Egypt (X tons) ranks second in terms of the total exports with a X% share, followed by Iran (X%). Saudi Arabia (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the melamine resins in primary forms exports, with a CAGR of X% from 2012 to 2022. At the same time, Saudi Arabia (X%) and Egypt (X%) displayed positive paces of growth. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Iran (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey and Saudi Arabia increased by X and X percentage points, respectively.

In value terms, Turkey ($X) remains the largest melamine resins supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with a X% share of total exports. It was followed by Iran, with a X% share.

In Turkey, melamine resins exports increased 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: Egypt (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. Over the period under review, the export price, however, showed a abrupt downturn. 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.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Melamine Resins Imports

Imports in MENA

In 2022, approx. X tons of melamine resins in primary forms were imported in MENA; with a decrease of X% on the previous year's figure. Total imports indicated a slight 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 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, melamine resins imports rose markedly to $X in 2022. Total imports indicated a measured 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) represented the key importer of melamine resins in primary forms, achieving X% of total imports. It was distantly followed by Morocco (X tons), the United Arab Emirates (X tons) and Iran (X tons), together comprising a X% share of total imports. Egypt (X tons), Israel (X tons) and Yemen (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to melamine resins imports into Turkey stood at X%. At the same time, Yemen (X%), Morocco (X%), Israel (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Yemen emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Iran experienced a relatively flat trend pattern. By contrast, Egypt (X%) illustrated a downward trend over the same period. Turkey (X p.p.), Morocco (X p.p.), the United Arab Emirates (X p.p.) and Yemen (X p.p.) significantly strengthened its position in terms of the total imports, while Egypt saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported melamine resins in primary forms in MENA, comprising X% of total imports. The second position in the ranking was taken by Morocco ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled X%. In the other countries, the average annual rates were as follows: Morocco (X% per year) and the United Arab Emirates (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. Over the last decade, it increased at an average annual rate of X%. As a result, import 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 importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while Yemen ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform