Asia-Pacific: Methacrylic Acid Esters Market 2024

Methacrylic Acid Esters Market Size in Asia-Pacific

The Asia-Pacific methacrylic acid esters market fell slightly to $X in 2022, dropping by -2.6% against the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Methacrylic Acid Esters Production in Asia-Pacific

In value terms, methacrylic acid esters production fell to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 29% against the previous year. 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-Pacific

After three years of growth, overseas shipments of esters of methacrylic acid decreased by -13.8% to X tons in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 24%. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, methacrylic acid esters exports fell dramatically to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 67% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from China (X tons), Singapore (X tons), Thailand (X tons) and Japan (X tons), together accounting for 79% of total export. South Korea (X tons) held an 8.2% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (7.8%). Indonesia (X tons) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +157.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest methacrylic acid esters supplying countries in Asia-Pacific were China ($X), Japan ($X) and Singapore ($X), with a combined 64% share of total exports. Thailand, South Korea, Taiwan (Chinese) and Indonesia lagged somewhat behind, together accounting for a further 33%.

Indonesia, with a CAGR of +132.1%, recorded 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

In 2022, the export price in Asia-Pacific amounted to $X per ton, declining by -3.4% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by 42% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat 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 South Korea ($X per ton), while Indonesia ($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 (-0.1%), while the other leaders experienced a decline in the export price figures.

Methacrylic Acid Esters Imports

Imports in Asia-Pacific

In 2022, methacrylic acid esters imports in Asia-Pacific reduced to X tons, with a decrease of -12.4% against 2021. In general, imports continue to indicate a slight descent. The most prominent rate of growth was recorded in 2014 when imports increased by 14%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, methacrylic acid esters imports reduced to $X in 2022. Over the period under review, imports showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by 39% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of esters of methacrylic acid, namely China, Malaysia and India, represented more than half of total import. Taiwan (Chinese) (X tons) took the next position in the ranking, followed by Indonesia (X tons) and South Korea (X tons). All these countries together held near 27% share of total imports. Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key 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, the largest methacrylic acid esters importing markets in Asia-Pacific were China ($X), Malaysia ($X) and India ($X), together comprising 52% of total imports.

India, with a CAGR of +7.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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-Pacific stood at $X per ton in 2022, falling by -2.3% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 37% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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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