Austria: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Austria

The Austrian market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports from Austria

In 2021, overseas shipments of acrylic polymers, in primary forms (excluding polymethyl methacrylate) increased by 29% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 56% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) soared to $X in 2021. Overall, exports enjoyed a prominent expansion. The growth pace was the most rapid in 2020 when exports increased by 67%. Over the period under review, the exports of attained the peak figure in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X tons) was the main destination for exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Austria, with a 25% share of total exports. Moreover, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Germany exceeded the volume sent to the second major destination, Russia (X tons), twofold. Italy (X tons) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+42.8% per year) and Italy (+13.3% per year).

In value terms, Germany ($X) remains the key foreign market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) exports from Austria, comprising 36% of total exports. The second position in the ranking was held by Switzerland ($X), with a 9.4% share of total exports. It was followed by Russia, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+31.0% per year) and Russia (+41.5% per year).

Export Prices by Country

The average export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X per ton in 2021, shrinking by -9% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 37% against the previous year. The export price peaked at $X per ton in 2020, and then contracted in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports into Austria

In 2021, overseas purchases of acrylic polymers, in primary forms (excluding polymethyl methacrylate) increased by 17% to X tons, rising for the fifth consecutive year after two years of decline. The total import volume increased at an average annual rate of +5.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) soared to $X in 2021. Over the period under review, total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +87.7% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Austria, accounting for a 53% share of total imports. Moreover, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. France (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+4.9% per year) and France (+3.8% per year).

In value terms, Germany ($X) constituted the largest supplier of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Austria, comprising 60% of total imports. The second position in the ranking was held by France ($X), with a 15% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+1.7% per year) and the Netherlands (+0.8% per year).

Import Prices by Country

The average import price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X per ton in 2021, picking up by 7.2% against the previous year. Over the period under review, the import price, however, recorded a mild descent. The growth pace was the most rapid in 2020 an increase of 9.7% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Slovenia ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+7.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform