CIS: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in CIS

The CIS polymethyl methacrylate market rose modestly to $X in 2022, increasing by 3.5% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Polymethyl Methacrylate Production in CIS

In value terms, polymethyl methacrylate production rose modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 21%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Polymethyl Methacrylate Exports

Exports in CIS

After two years of growth, overseas shipments of polymethyl methacrylate in primary forms decreased by -7.7% to X tons in 2022. The total export volume increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 32%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, polymethyl methacrylate exports expanded rapidly to $X in 2022. Over the period under review, exports showed a noticeable downturn. The pace of growth was the most pronounced in 2016 when exports increased by 111%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Russia (X tons) was the key exporter of polymethyl methacrylate in primary forms, achieving 66% of total exports. It was distantly followed by Kazakhstan (X tons), committing a 29% share of total exports. Belarus (X tons) held a relatively small share of total exports.

Russia experienced a relatively flat trend pattern with regard to volume of exports of polymethyl methacrylate in primary forms. At the same time, Kazakhstan (+9.4%) and Belarus (+6.7%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +9.4% from 2012-2022. While the share of Kazakhstan (+15 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (-17.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest polymethyl methacrylate supplier in the CIS, comprising 70% of total exports. The second position in the ranking was held by Belarus ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Russia stood at -3.5%. In the other countries, the average annual rates were as follows: Belarus (+18.9% per year) and Kazakhstan (-10.6% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, increasing by 18% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2016 an increase of 92%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+11.4%), while the other leaders experienced a decline in the export price figures.

Polymethyl Methacrylate Imports

Imports in CIS

In 2022, the amount of polymethyl methacrylate in primary forms imported in the CIS stood at X tons, increasing by 2.2% against the year before. Over the period under review, imports recorded a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of 143%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, polymethyl methacrylate imports shrank to $X in 2022. In general, imports showed a prominent increase. The pace of growth appeared the most rapid in 2014 when imports increased by 157%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Russia prevails in imports structure, accounting for X tons, which was approx. 95% of total imports in 2022. The following importers - Belarus (X tons) and Uzbekistan (X tons) - together made up 4.5% of total imports.

Russia was also the fastest-growing in terms of the polymethyl methacrylate in primary forms imports, with a CAGR of +18.2% from 2012 to 2022. At the same time, Uzbekistan (+10.9%) displayed positive paces of growth. By contrast, Belarus (-3.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia and Uzbekistan increased by +15 and +1.8 percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported polymethyl methacrylate in primary forms in the CIS, comprising 89% of total imports. The second position in the ranking was taken by Belarus ($X), with a 5.8% share of total imports.

In Russia, polymethyl methacrylate imports increased at an average annual rate of +12.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (-1.1% per year) and Uzbekistan (+14.1% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, declining by -7.8% against the previous year. Overall, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 an increase of 23% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belarus ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+2.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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