Austria: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in Austria

The Austrian polymethyl methacrylate market shrank notably to $X in 2022, falling by -25.6% against the previous year. In general, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.5% against 2020 indices. Polymethyl methacrylate consumption peaked at $X in 2021, and then dropped notably in the following year.

Polymethyl Methacrylate Production in Austria

In value terms, polymethyl methacrylate production contracted remarkably to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a significant increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by 2,768% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Polymethyl Methacrylate Exports

Exports from Austria

In 2022, shipments abroad of polymethyl methacrylate in primary forms increased by 146% to X tons, rising for the second year in a row after three years of decline. In general, exports, however, saw a abrupt descent. 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, polymethyl methacrylate exports skyrocketed to $X in 2022. Over the period under review, total exports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +162.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 63%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Slovakia (X tons) was the main destination for polymethyl methacrylate exports from Austria, accounting for a 60% share of total exports. Moreover, polymethyl methacrylate exports to Slovakia exceeded the volume sent to the second major destination, Italy (X tons), fivefold. The third position in this ranking was held by Mexico (X tons), with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume to Slovakia totaled +29.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-3.8% per year) and Mexico (+15.9% per year).

In value terms, Slovakia ($X) emerged as the key foreign market for polymethyl methacrylate in primary forms exports from Austria, comprising 41% of total exports. The second position in the ranking was taken by Mexico ($X), with a 9.1% share of total exports. It was followed by Italy, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value to Slovakia totaled +29.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+3.8% per year) and Italy (-0.5% per year).

Export Prices by Country

In 2022, the average polymethyl methacrylate export price amounted to $X per ton, shrinking by -34.2% against the previous year. Over the period under review, the export price, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 106% against the previous year. The export price peaked at $X per ton in 2021, and then declined markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Italy ($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 France (+48.0%), while the prices for the other major destinations experienced more modest paces of growth.

Polymethyl Methacrylate Imports

Imports into Austria

In 2022, after two years of growth, there was significant decline in purchases abroad of polymethyl methacrylate in primary forms, when their volume decreased by -23.3% to X tons. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 25%. Imports peaked at X tons in 2021, and then contracted dramatically in the following year.

In value terms, polymethyl methacrylate imports declined to $X in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 42% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), Italy (X tons) and Belgium (X tons) were the main suppliers of polymethyl methacrylate imports to Austria, together accounting for 97% of total imports. The Netherlands, the United States, Switzerland and Japan lagged somewhat behind, together accounting for a further 2.6%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +15.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polymethyl methacrylate suppliers to Austria were Germany ($X), Italy ($X) and Belgium ($X), with a combined 91% share of total imports. The Netherlands, the United States, Switzerland and Japan lagged somewhat behind, together accounting for a further 4.6%.

Among the main suppliers, the United States, with a CAGR of +15.9%, recorded the highest growth rate of 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 average polymethyl methacrylate import price stood at $X per ton in 2022, picking up by 14% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 26%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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