Brazil - Methacrylic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBrazil Sees Significant Increase in Methacrylic Acid Imports, Reaching $31 Million in 2023
Brazil Methacrylic Acid Imports
In 2023, supplies from abroad of methacrylic acid and its salts was finally on the rise to reach 12K tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, imports showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at 13K tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.
In value terms, methacrylic acid imports expanded remarkably to $31M (IndexBox estimates) in 2023. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 52%. Imports peaked at $42M in 2018; however, from 2019 to 2023, imports failed to regain momentum.
| COUNTRY | Import Value of Methacrylic Acid in Brazil (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 0.6 | 0.3 | 0.2 | 0.3 | 2.4 | 3.8 | 5.5 | 2.4 | 7.5 | 4.7 | 4.8 |
| South Korea | 2.2 | 2.2 | 1.5 | 1.2 | 1.7 | 0.7 | 1.4 | 2.4 | 2.1 | 2.7 | 4.7 |
| United States | 9.6 | 8.8 | 7.2 | 6.1 | 7.1 | 13.6 | 7.8 | 7.8 | 4.7 | 4.6 | 2.8 |
| Germany | 2.7 | 3.5 | 2.9 | 2.4 | 3.5 | 2.3 | 1.0 | 1.3 | 1.5 | 1.7 | 1.7 |
| Thailand | N/A | N/A | N/A | N/A | N/A | 0.1 | N/A | N/A | 0.1 | 0.3 | 0.7 |
| Hong Kong | 0.2 | 0.2 | N/A | N/A | N/A | N/A | N/A | N/A | 0.3 | 0.1 | 0.4 |
| Others | 17.1 | 15.2 | 11.9 | 10.3 | 16.2 | 21.2 | 17.9 | 14.4 | 16.8 | 14.2 | 15.4 |
| Total | 32.4 | 30.1 | 23.7 | 20.4 | 31.0 | 41.7 | 33.6 | 28.2 | 32.9 | 28.3 | 30.6 |
Imports by Country
South Korea (2.2K tons), China (2K tons) and the United States (916 tons) were the main suppliers of methacrylic acid imports to Brazil, together accounting for 41% of total imports. Germany, Thailand and Hong Kong lagged somewhat behind, together comprising a further 8.3%.
From 2013 to 2023, the biggest increases were recorded for Thailand (with a CAGR of +46.9%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest methacrylic acid suppliers to Brazil were China ($4.8M), South Korea ($4.7M) and the United States ($2.8M), together comprising 40% of total imports. Germany, Thailand and Hong Kong lagged somewhat behind, together comprising a further 9.2%.
Thailand, with a CAGR of +36.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2023, the methacrylic acid price stood at $2,473 per ton (CIF, Brazil), falling by -23.8% against the previous year. Overall, the import price showed a slight setback. The pace of growth was the most pronounced in 2017 when the average import price increased by 40% against the previous year. The import price peaked at $3,377 per ton in 2018; however, from 2019 to 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Germany ($3,073 per ton) and the United States ($3,066 per ton), while the price for South Korea ($2,167 per ton) and Hong Kong ($2,257 per ton) were amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.
This report provides an in-depth analysis of the methacrylic acid market in Brazil. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143330 - Methacrylic acid and its salts
Country coverage:
- Brazil
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Brazil
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
