Benelux: Methacrylic Acid Esters Market 2024

Methacrylic Acid Esters Market Size in Benelux

The Benelux methacrylic acid esters market fell remarkably to $X in 2022, with a decrease of -15.7% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then dropped markedly in the following year.

Methacrylic Acid Esters Production in Benelux

In value terms, methacrylic acid esters production surged to $X in 2022 estimated in export price. Over the period under review, production recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 557,900% against the previous year. Over the period under review, production attained the maximum level in 2022 and is likely to see gradual growth in years to come.

Methacrylic Acid Esters Exports

Exports in Benelux

In 2022, overseas shipments of esters of methacrylic acid decreased by -48.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 126%. Over the period under review, the exports hit record highs at X tons in 2021, and then fell sharply in the following year.

In value terms, methacrylic acid esters exports fell dramatically to $X in 2022. Over the period under review, exports, however, posted temperate growth. The growth pace was the most rapid in 2021 with an increase of 98% against the previous year. As a result, the exports reached the peak of $X, and then contracted remarkably in the following year.

Exports by Country

The Netherlands represented the largest exporter of esters of methacrylic acid in Benelux, with the volume of exports resulting at X tons, which was near 82% of total exports in 2022. It was distantly followed by Belgium (X tons), generating an 18% share of total exports.

The Netherlands was also the fastest-growing in terms of the esters of methacrylic acid exports, with a CAGR of +2.4% from 2012 to 2022. Belgium (-9.5%) illustrated a downward trend over the same period. The Netherlands (+25 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -24.8% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest methacrylic acid esters supplier in Benelux, comprising 80% of total exports. The second position in the ranking was taken by Belgium ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands totaled +7.0%.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, rising by 10% against the previous year. Export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% 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 +64.7% against 2020 indices. The growth pace was the most rapid in 2017 when the export price increased by 59%. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.2%).

Methacrylic Acid Esters Imports

Imports in Benelux

In 2022, supplies from abroad of esters of methacrylic acid decreased by -38.3% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports continue to indicate a slight descent. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year. As a result, imports attained the peak of X tons, and then declined rapidly in the following year.

In value terms, methacrylic acid esters imports contracted notably to $X in 2022. Overall, imports, however, showed a mild increase. The growth pace was the most rapid in 2021 with an increase of 83%. As a result, imports attained the peak of $X, and then contracted dramatically in the following year.

Imports by Country

The Netherlands was the main importer of esters of methacrylic acid in Benelux, with the volume of imports recording X tons, which was near 81% of total imports in 2022. It was distantly followed by Belgium (X tons), mixing up a 19% share of total imports.

The Netherlands was also the fastest-growing in terms of the esters of methacrylic acid imports, with a CAGR of +2.1% from 2012 to 2022. Belgium (-9.0%) illustrated a downward trend over the same period. While the share of the Netherlands (+24 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (-23.8 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) constitutes the largest market for imported esters of methacrylic acid in Benelux, comprising 80% of total imports. The second position in the ranking was held by Belgium ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands stood at +5.0%.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, increasing by 14% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2021 an increase of 39% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.8%).

Source: IndexBox Platform