Middle East: Melamine Resins Market 2024

Melamine Resins Market Size in the Middle East

The Middle Eastern melamine resins market dropped slightly to $X in 2022, leveling off at the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Melamine Resins Production in the Middle East

In value terms, melamine resins production shrank to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

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 the Middle East

Melamine resins exports plummeted to X tons in 2022, reducing by X% compared with the previous year's figure. In general, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then reduced rapidly in the following year.

In value terms, melamine resins exports dropped to $X in 2022. Overall, exports, however, posted resilient growth. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then declined in the following year.

Exports by Country

Turkey dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Iran (X tons), achieving a X% share of total exports. 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%) 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 ($X) remains the largest melamine resins supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Iran ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

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

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a perceptible decrease. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 the Middle East

In 2022, the amount of melamine resins in primary forms imported in the Middle East reduced modestly to X tons, with a decrease of X% compared with the previous year's figure. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained 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 skyrocketed to $X in 2022. Overall, imports, however, posted a modest increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Turkey represented the main importing country with an import of about X tons, which accounted for X% of total imports. The United Arab Emirates (X tons) ranks second in terms of the total imports with a X% share, followed by Iran (X%). The following importers - Israel (X tons) and Yemen (X tons) - together made up X% of total imports.

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%), Israel (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Yemen emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Iran experienced a relatively flat trend pattern. While the share of Turkey (X p.p.), the United Arab Emirates (X p.p.), Yemen (X p.p.) and Israel (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Turkey, melamine resins imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Iran (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, picking up 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 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: 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 Turkey (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform