South-Eastern Asia: Melamine Resins Market 2024

Melamine Resins Market Size in South-Eastern Asia

The Southeast Asian melamine resins market rose markedly to $X in 2023, increasing by X% against the previous year. In general, consumption saw a modest increase. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Melamine Resins Production in South-Eastern Asia

In value terms, melamine resins production totaled $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Melamine Resins Exports

Exports in South-Eastern Asia

In 2023, approx. X tons of melamine resins in primary forms were exported in South-Eastern Asia; surging by X% against 2022 figures. In general, exports, however, continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, melamine resins exports declined dramatically to $X in 2023. Overall, exports, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Thailand was the major exporter of melamine resins in primary forms in South-Eastern Asia, with the volume of exports recording X tons, which was approx. X% of total exports in 2023. Singapore (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (X%). The following exporters - Malaysia (X tons) and Vietnam (X tons) - each recorded a X% share of total exports.

Exports from Thailand decreased at an average annual rate of X% from 2012 to 2023. Singapore experienced a relatively flat trend pattern. Vietnam (X%), Malaysia (X%) and Indonesia (X%) illustrated a downward trend over the same period. Singapore (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while Indonesia saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Singapore ($X) and Indonesia ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced mixed trends in the export price figures.

Melamine Resins Imports

Imports in South-Eastern Asia

In 2023, melamine resins imports in South-Eastern Asia fell to X tons, standing approx. at the previous year. Overall, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, melamine resins imports declined to $X in 2023. In general, imports showed a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Vietnam (X tons), Indonesia (X tons), Malaysia (X tons), Cambodia (X tons) and Thailand (X tons) represented roughly X% of total imports in 2023. Singapore (X tons) held a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cambodia (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest melamine resins importing markets in South-Eastern Asia were Malaysia ($X), Vietnam ($X) and Indonesia ($X), together comprising X% of total imports. Thailand, Cambodia and Singapore lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Cambodia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2023, falling by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2022, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Singapore ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2023, 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