Austria: Methacrylic Acid Esters Market 2024

Methacrylic Acid Esters Market Size in Austria

The Austrian methacrylic acid esters market contracted to $X in 2022, falling by -10.2% against the previous year. Over the period under review, consumption, however, saw a significant increase. Over the period under review, the market reached the peak level at $X in 2021, and then reduced in the following year.

Methacrylic Acid Esters Production in Austria

In value terms, methacrylic acid esters production amounted to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume decreased by 99.9% against the previous year. Over the period under review, production reached the maximum level in 2022 and is expected to retain growth in the near future.

Methacrylic Acid Esters Exports

Exports from Austria

In 2022, after two years of growth, there was significant decline in overseas shipments of esters of methacrylic acid, when their volume decreased by -46.3% to X tons. Overall, exports saw a significant contraction. The growth pace was the most rapid in 2021 when exports increased by 204% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, methacrylic acid esters exports fell remarkably to $X in 2022. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 172%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), France (X tons) and the UK (X tons) were the main destinations of methacrylic acid esters exports from Austria, together comprising 74% of total exports. The Netherlands, Lithuania, China, Romania, Poland, Bulgaria and Slovenia lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +135.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for methacrylic acid esters exported from Austria were Germany ($X), France ($X) and the UK ($X), together comprising 46% of total exports. The Netherlands, China, Poland, Bulgaria, Lithuania, Romania and Slovenia lagged somewhat behind, together comprising a further 15%.

The Netherlands, with a CAGR of +205.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average methacrylic acid esters export price stood at $X per ton in 2022, surging by 26% against the previous year. In general, the export price recorded a resilient increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 73%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+33.6%), while the prices for the other major destinations experienced more modest paces of growth.

Methacrylic Acid Esters Imports

Imports into Austria

In 2022, the amount of esters of methacrylic acid imported into Austria reduced dramatically to X tons, waning by -18.7% on 2021 figures. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +14.3% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 55%. Imports peaked at X tons in 2021, and then dropped notably in the following year.

In value terms, methacrylic acid esters imports shrank to $X in 2022. In general, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 69% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of methacrylic acid esters to Austria, with a 66% share of total imports. Moreover, methacrylic acid esters imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The third position in this ranking was held by the Netherlands (X tons), with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+48.2% per year) and the Netherlands (-3.8% per year).

In value terms, Germany ($X) constituted the largest supplier of esters of methacrylic acid to Austria, comprising 57% of total imports. The second position in the ranking was held by Belgium ($X), with a 17% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+48.1% per year) and the Netherlands (+3.0% per year).

Import Prices by Country

In 2022, the average methacrylic acid esters import price amounted to $X per ton, surging by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2021 an increase of 20% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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