South-Eastern Asia: Melamine Resins Market 2024

Melamine Resins Market Size in South-Eastern Asia

The Southeast Asian melamine resins market declined to $X in 2022, approximately equating the previous year. Over the period under review, consumption recorded a slight decline. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Melamine Resins Production in South-Eastern Asia

In value terms, melamine resins production reduced 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 2013 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Melamine Resins Exports

Exports in South-Eastern Asia

In 2022, exports of melamine resins in primary forms in South-Eastern Asia contracted rapidly to X tons, waning by X% against 2021. Overall, exports recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, melamine resins exports dropped modestly to $X in 2022. Over the period under review, exports continue to indicate a slight curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand was the largest exporter of melamine resins in primary forms in South-Eastern Asia, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. Singapore (X tons) ranks second in terms of the total exports with a X% share, followed by Indonesia (X%) and Malaysia (X%).

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest melamine resins supplying countries in South-Eastern Asia were Thailand ($X), Singapore ($X) and Indonesia ($X), with a combined X% share of total exports.

Among the main exporting countries, Singapore, 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 a decline in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2019 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices remained at a lower figure.

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 Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Melamine Resins Imports

Imports in South-Eastern Asia

Melamine resins imports reduced to X tons in 2022, dropping by X% against the year before. Overall, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, melamine resins imports expanded notably to $X in 2022. In general, imports recorded a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Vietnam (X tons), Malaysia (X tons), Indonesia (X tons) and Thailand (X tons) represented roughly X% of total imports in 2022. Cambodia (X tons) held the next position in the ranking, followed by Singapore (X tons). All these countries together took approx. X% share of total imports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Vietnam ($X), Malaysia ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Thailand, Singapore, the Philippines and Cambodia lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Cambodia, 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

The import price in South-Eastern Asia stood at $X per ton in 2022, jumping by X% against the previous year. Import price indicated temperate growth 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 import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue 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 the Philippines ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform