Report Update Nov 1, 2024

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

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CIS: Methacrylic Acid Esters Market 2024

Methacrylic Acid Esters Market Size in CIS

In 2022, the CIS methacrylic acid esters market increased by 6.4% to $X, rising for the sixth year in a row after two years of decline. In general, consumption continues to indicate significant growth. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Methacrylic Acid Esters Production in CIS

In value terms, methacrylic acid esters production dropped notably to $X in 2022 estimated in export price. In general, production recorded a significant contraction. The growth pace was the most rapid in 2021 with an increase of 12,576%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Methacrylic Acid Esters Exports

Exports in CIS

In 2022, methacrylic acid esters exports in the CIS contracted remarkably to X tons, waning by -98.1% on the previous year. Over the period under review, exports continue to indicate a sharp contraction. The pace of growth appeared the most rapid in 2016 with an increase of 120% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, methacrylic acid esters exports reduced sharply to $X in 2022. Overall, exports faced a precipitous decline. The growth pace was the most rapid in 2021 with an increase of 176%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Kazakhstan was the main exporting country with an export of about X tons, which finished at 59% of total exports. It was distantly followed by Armenia (X tons), committing a 38% share of total exports. Moldova (X kg) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Armenia (with a CAGR of +84.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Armenia ($X) and Moldova ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 100% of total exports.

Among the main exporting countries, Kazakhstan, with a CAGR of +91.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, picking up by 35% against the previous year. In general, the export price recorded resilient growth. The growth pace was the most rapid in 2014 an increase of 118%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Moldova ($X per ton), while Armenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+18.9%), while the other leaders experienced a decline in the export price figures.

Methacrylic Acid Esters Imports

Imports in CIS

In 2022, overseas purchases of esters of methacrylic acid decreased by -3.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, saw a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 320% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, methacrylic acid esters imports contracted sharply to $X in 2022. Overall, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2013 when imports increased by 204% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced remarkably in the following year.

Imports by Country

Russia dominates imports structure, finishing at X tons, which was near 96% of total imports in 2022. Belarus (X tons) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the esters of methacrylic acid imports, with a CAGR of +18.0% from 2012 to 2022. Belarus (-1.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia increased by +9.9 percentage points.

In value terms, Russia ($X) constitutes the largest market for imported esters of methacrylic acid in the CIS, comprising 96% of total imports. The second position in the ranking was held by Belarus ($X), with a 1.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Russia totaled +15.4%.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, which is down by -13.5% against the previous year. Over the period under review, the import price saw a perceptible slump. The most prominent rate of growth was recorded in 2017 an increase of 84%. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-2.2%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The country with the largest volume of methacrylic acid esters consumption was Russia, comprising approx. 88% of total volume. Moreover, methacrylic acid esters consumption in Russia exceeded the figures recorded by the second-largest consumer, Belarus, sevenfold.

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

The country with the largest volume of methacrylic acid esters production was Armenia, accounting for 100% of total volume.

What are the leading suppliers of esters of methacrylic acid in the CIS?

In value terms, Russia remains the largest methacrylic acid esters supplier in the CIS.

What are the leading importers of esters of methacrylic acid in the CIS?

In value terms, Russia constitutes the largest market for imported esters of methacrylic acid in the CIS, comprising 93% of total imports. The second position in the ranking was occupied by Belarus, with a 6% share of total imports.

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

In 2020, the methacrylic acid esters export price in the CIS amounted to $1,383 per ton, shrinking by -30.7% against the previous year.

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

In 2020, the methacrylic acid esters import price in the CIS amounted to $2,401 per ton, waning by -27.5% against the previous year.

This report provides an in-depth analysis of the methacrylic acid esters market in CIS. 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:

Armenia
Azerbaijan
Belarus
Kazakhstan
Kyrgyzstan
Moldova
Russia
Tajikistan
Uzbekistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in CIS, split by region and country
Trade (exports and imports) in CIS
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
Find deeper insights into current market developments
Discover vital success factors affecting the market

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. CONSUMPTION BY COUNTRY
3. 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
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
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
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Armenia
- Azerbaijan
- Belarus
- Kazakhstan
- Kyrgyzstan
- Moldova
- Russia
- Tajikistan
- Uzbekistan
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, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023