Asia: Methacrylic Acid Esters Market 2024

Methacrylic Acid Esters Market Size in Asia

The Asian methacrylic acid esters market contracted slightly to $X in 2022, waning by -2.5% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Methacrylic Acid Esters Production in Asia

In value terms, methacrylic acid esters production fell to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 22%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Methacrylic Acid Esters Exports

Exports in Asia

After three years of growth, overseas shipments of esters of methacrylic acid decreased by -11.2% to X tons in 2022. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 25% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then declined in the following year.

In value terms, methacrylic acid esters exports fell to $X in 2022. The total export value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 52%. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

The shipments of the five major exporters of esters of methacrylic acid, namely Saudi Arabia, China, Singapore, Thailand and Japan, represented more than two-thirds of total export. South Korea (X tons) held a 6.3% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (6%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by China (with a CAGR of +11.3%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), China ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2022, together comprising 59% of total exports.

Saudi Arabia, with a CAGR of +10.9%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, waning by -2.5% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 34%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in South Korea ($X per ton) and Japan ($X per ton), while Thailand ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+1.9%), while the other leaders experienced a decline in the export price figures.

Methacrylic Acid Esters Imports

Imports in Asia

In 2022, imports of esters of methacrylic acid in Asia contracted to X tons, declining by -10.8% against the year before. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 14% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, methacrylic acid esters imports reduced to $X in 2022. Overall, imports showed a mild setback. The most prominent rate of growth was recorded in 2017 when imports increased by 42% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of methacrylic acid esters imports in 2022 were China (X tons), Malaysia (X tons) and India (X tons), together recording 54% of total import. It was distantly followed by Taiwan (Chinese) (X tons), Indonesia (X tons), South Korea (X tons) and Turkey (X tons), together committing a 31% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by India (with a CAGR of +9.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Malaysia ($X) and India ($X) constituted the countries with the highest levels of imports in 2022, with a combined 47% share of total imports.

Among the main importing countries, India, with a CAGR of +7.5%, 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 more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, with a decrease of -4.3% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by 38% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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