In 2023, the import value of melamine resins to South Africa stood at 2.952 million USD. The forecasted data from 2024 to 2028 shows a declining trend: 2.893 million USD in 2024, 2.8342 million USD in 2025, 2.7766 million USD in 2026, 2.7201 million USD in 2027, and 2.6648 million USD in 2028.
Year-on-year variations:
- 2024 vs. 2023: -2.00%
- 2025 vs. 2024: -2.03%
- 2026 vs. 2025: -2.03%
- 2027 vs. 2026: -2.03%
- 2028 vs. 2027: -2.03%
The last CAGR over the five-year period from 2024 to 2028 is approximately -2.02%, indicating a consistent decline in the import value of melamine resins.
Future trends to watch for include potential shifts in local manufacturing capabilities, changes in global melamine resin supply chains, and economic policies affecting import tariffs or trade agreements that could influence import values. Monitoring these factors will be crucial for predicting longer-term trends in the South African market for melamine resins.