Benelux: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in Benelux

The Benelux polymethyl methacrylate market surged to $X in 2022, jumping by 61% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +116.4% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Polymethyl Methacrylate Production in Benelux

In value terms, polymethyl methacrylate production stood at $X in 2022 estimated in export price. In general, production, however, showed strong growth. The growth pace was the most rapid in 2016 when the production volume increased by 228%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Polymethyl Methacrylate Exports

Exports in Benelux

Polymethyl methacrylate exports dropped significantly to X tons in 2022, falling by -62% on 2021. In general, exports, however, recorded a pronounced expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 217%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, polymethyl methacrylate exports reduced notably to $X in 2022. Overall, exports, however, posted noticeable growth. The pace of growth appeared the most rapid in 2013 when exports increased by 191%. Over the period under review, the exports hit record highs at $X in 2021, and then contracted markedly in the following year.

Exports by Country

Belgium dominates exports structure, resulting at X tons, which was near 93% of total exports in 2022. It was distantly followed by the Netherlands (X tons), creating a 7.3% share of total exports.

Belgium was also the fastest-growing in terms of the polymethyl methacrylate in primary forms exports, with a CAGR of +10.5% from 2012 to 2022. The Netherlands (-12.6%) illustrated a downward trend over the same period. Belgium (+38 p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by -37.8% from 2012 to 2022, respectively.

In value terms, Belgium ($X) emerged as the largest polymethyl methacrylate supplier in Benelux, comprising 85% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 15% share of total exports.

In Belgium, polymethyl methacrylate exports expanded at an average annual rate of +5.4% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, which is down by -21.7% against the previous year. In general, the export price recorded a noticeable setback. The most prominent rate of growth was recorded in 2021 an increase of 40% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted significantly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.7%).

Polymethyl Methacrylate Imports

Imports in Benelux

In 2022, the amount of polymethyl methacrylate in primary forms imported in Benelux reduced to X tons, waning by -12.2% on 2021. Overall, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 123% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, polymethyl methacrylate imports contracted sharply to $X in 2022. Total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 73% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Belgium represented the major importing country with an import of about X tons, which reached 66% of total imports. It was distantly followed by the Netherlands (X tons), comprising a 34% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belgium (with a CAGR of +8.7%).

In value terms, Belgium ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of imports in 2022.

In terms of the main importing countries, Belgium, with a CAGR of +5.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, falling by -7.2% against the previous year. In general, the import price continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2017 when the import price increased by 26% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-3.0%).

Source: IndexBox Platform