Report Update Nov 1, 2024

Canada - Esters of Methacrylic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Canada: Methacrylic Acid Esters Market 2024

Methacrylic Acid Esters Market Size in Canada

In 2022, the Canadian methacrylic acid esters market increased by 1.8% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Methacrylic Acid Esters Exports

Exports from Canada

In 2022, methacrylic acid esters exports from Canada shrank markedly to X tons, with a decrease of -54.9% compared with the year before. In general, exports saw a pronounced curtailment. The growth pace was the most rapid in 2013 when exports increased by 150% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, methacrylic acid esters exports contracted sharply to $X in 2022. Over the period under review, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2013 with an increase of 80%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), the United States (X tons) and South Africa (X tons) were the main destinations of methacrylic acid esters exports from Canada, with a combined 94% share of total exports.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of +23.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for esters of methacrylic acid exports from Canada, comprising 67% of total exports. The second position in the ranking was taken by China ($X), with a 29% share of total exports. It was followed by South Africa, with a 1.2% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+10.6% per year) and South Africa (+20.5% per year).

Export Prices by Country

In 2022, the average methacrylic acid esters export price amounted to $X per ton, with an increase of 4.8% against the previous year. Over the period under review, the export price, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2014 an increase of 27%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Africa ($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 United States (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.

Methacrylic Acid Esters Imports

Imports into Canada

In 2022, purchases abroad of esters of methacrylic acid decreased by -14% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports showed a mild setback. The most prominent rate of growth was recorded in 2017 when imports increased by 20%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, methacrylic acid esters imports expanded sharply to $X in 2022. The total import value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 35%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest methacrylic acid esters supplier to Canada, with a 86% share of total imports. Moreover, methacrylic acid esters imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at -1.9%.

In value terms, the United States ($X) constituted the largest supplier of esters of methacrylic acid to Canada, comprising 83% of total imports. The second position in the ranking was taken by China ($X), with a 10% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +1.1%.

Import Prices by Country

In 2022, the average methacrylic acid esters import price amounted to $X per ton, jumping by 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States stood at $X per ton.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for esters of methacrylic acid in the world?

The countries with the highest volumes of methacrylic acid esters consumption in 2020 were China, Singapore and the United States, with a combined 30% share of global consumption.

What are the largest producers of esters of methacrylic acid in the world?

The countries with the highest volumes of methacrylic acid esters production in 2020 were Singapore, the UK and the United States, with a combined 46% share of global production. Japan, Saudi Arabia, Thailand and Germany lagged somewhat behind, together accounting for a further 45%.

What are the leading suppliers of esters of methacrylic acid to Canada?

In value terms, the United States constituted the largest supplier of methacrylic acid esters to Canada, comprising 92% of total imports. The second position in the ranking was occupied by China, with a 1.8% share of total imports.

What are the leading importers of esters of methacrylic acid from Canada?

In value terms, the United States remains the key foreign market for methacrylic acid esters exports from Canada, comprising 83% of total exports. The second position in the ranking was occupied by Malaysia, with an 11% share of total exports. It was followed by Singapore, with a 1.7% share.

What is the average export price for esters of methacrylic acid in Canada?

The average methacrylic acid esters export price stood at $4,688 per ton in 2020, rising by 6% against the previous year.

What is the average import price for esters of methacrylic acid in Canada?

The average methacrylic acid esters import price stood at $2,485 per ton in 2020, shrinking by -28.4% against the previous year.

This report provides an in-depth analysis of the methacrylic acid esters market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143340 - Esters of methacrylic acid

Country coverage:

Canada

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Canada
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023