Chile: Methacrylic Acid Esters Market 2024

Methacrylic Acid Esters Market Size in Chile

In 2022, the Chilean methacrylic acid esters market decreased by -41.1% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption recorded a noticeable setback. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Methacrylic Acid Esters Exports

Exports from Chile

In 2022, overseas shipments of esters of methacrylic acid decreased by 0% to X tons, falling for the second consecutive year after three years of decline. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 43%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, methacrylic acid esters exports stood at $X in 2022. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 143%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Argentina (X tons) was the main destination for methacrylic acid esters exports from Chile, with a 68% share of total exports. Moreover, methacrylic acid esters exports to Argentina exceeded the volume sent to the second major destination, Paraguay (X tons), twofold.

From 2014 to 2022, the average annual rate of growth in terms of volume to Argentina stood at +82.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (0.0% per year) and Colombia (-27.4% per year).

From 2014 to 2022, the average annual growth rate of value to Argentina totaled +59.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (0.0% per year) and Colombia (+11.7% per year).

Export Prices by Country

In 2022, the average methacrylic acid esters export price amounted to $X per ton, approximately mirroring the previous year. Overall, the export price posted a remarkable increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 92%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Paraguay ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+53.8%), while the prices for the other major destinations experienced mixed trend patterns.

Methacrylic Acid Esters Imports

Imports into Chile

In 2022, purchases abroad of esters of methacrylic acid decreased by -42.2% to X tons, falling for the second year in a row after two years of growth. Overall, imports showed a pronounced setback. The most prominent rate of growth was recorded in 2020 with an increase of 81% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, methacrylic acid esters imports declined dramatically to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 29%. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank notably in the following year.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of methacrylic acid esters to Chile, with a 69% share of total imports. Moreover, methacrylic acid esters imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was held by the United States (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.7% per year) and the United States (-18.9% per year).

In value terms, Brazil ($X) constituted the largest supplier of esters of methacrylic acid to Chile, comprising 60% of total imports. The second position in the ranking was taken by China ($X), with an 18% share of total imports. It was followed by the United States, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Brazil amounted to +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.6% per year) and the United States (-15.2% per year).

Import Prices by Country

The average methacrylic acid esters import price stood at $X per ton in 2022, increasing by 27% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.0% 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 +105.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 62%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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