Belgium: Methacrylic Acid Esters Market 2024

Methacrylic Acid Esters Market Size in Belgium

The Belgian methacrylic acid esters market fell to $X in 2022, with a decrease of -11.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a abrupt decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Methacrylic Acid Esters Exports

Exports from Belgium

In 2022, after two years of growth, there was significant decline in shipments abroad of esters of methacrylic acid, when their volume decreased by -79% to X tons. Over the period under review, exports saw a deep slump. The growth pace was the most rapid in 2020 with an increase of 439% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then declined markedly in the following year.

In value terms, methacrylic acid esters exports shrank significantly to $X in 2022. Overall, exports showed a perceptible reduction. The growth pace was the most rapid in 2020 with an increase of 314%. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined dramatically in the following year.

Exports by Country

France (X tons), the UK (X tons) and Germany (X tons) were the main destinations of methacrylic acid esters exports from Belgium, together comprising 65% of total exports. The Netherlands, Sweden, Italy, Japan and South Korea lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +63.6%), while the other leaders experienced a decline.

In value terms, the largest markets for methacrylic acid esters exported from Belgium were France ($X), Germany ($X) and the UK ($X), together accounting for 63% of total exports. The Netherlands, Sweden, Italy, Japan and South Korea lagged somewhat behind, together comprising a further 23%.

Among the main countries of destination, Japan, with a CAGR of +55.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average methacrylic acid esters export price stood at $X per ton in 2022, picking up by 38% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, methacrylic acid esters export price increased by +109.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 52%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Sweden ($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 Germany (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Methacrylic Acid Esters Imports

Imports into Belgium

In 2022, after three years of growth, there was significant decline in overseas purchases of esters of methacrylic acid, when their volume decreased by -64.4% to X tons. Overall, imports showed a deep setback. The most prominent rate of growth was recorded in 2020 when imports increased by 69%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, methacrylic acid esters imports dropped significantly to $X in 2022. Over the period under review, imports saw a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by 61%. As a result, imports attained the peak of $X, and then contracted markedly in the following year.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of methacrylic acid esters imports to Belgium, together accounting for 63% of total imports. China, the United States, South Korea, Brazil and the UK lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +32.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Italy ($X) were the largest methacrylic acid esters suppliers to Belgium, with a combined 63% share of total imports. China, the United States, South Korea, Brazil and the UK lagged somewhat behind, together comprising a further 30%.

Among the main suppliers, South Korea, with a CAGR of +34.3%, 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

In 2022, the average methacrylic acid esters import price amounted to $X per ton, increasing by 18% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, methacrylic acid esters import price increased by +75.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 49%. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the UK ($X per ton) and Italy ($X per ton), while the price for the United States ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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