Czech Republic: Methacrylic Acid Esters Market 2024

Methacrylic Acid Esters Market Size in the Czech Republic

The Czech methacrylic acid esters market dropped markedly to $X in 2022, reducing by -34.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a relatively flat trend pattern. Methacrylic acid esters consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Methacrylic Acid Esters Exports

Exports from the Czech Republic

Methacrylic acid esters exports from the Czech Republic surged to X tons in 2022, growing by 1,458% compared with the previous year's figure. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, methacrylic acid esters exports skyrocketed to $X in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for methacrylic acid esters exports from the Czech Republic, with a 41% share of total exports. Moreover, methacrylic acid esters exports to Belgium exceeded the volume sent to the second major destination, France (X tons), twofold. The Netherlands (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (0.0% per year) and the Netherlands (0.0% per year).

In value terms, Germany ($X), Belgium ($X) and Slovakia ($X) appeared to be the largest markets for methacrylic acid esters exported from the Czech Republic worldwide, together comprising 72% of total exports.

Among the main countries of destination, Germany, with a CAGR of +116.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average methacrylic acid esters export price stood at $X per ton in 2022, with a decrease of -42.7% against the previous year. Overall, the export price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 185% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to France ($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 Slovakia (+8.0%), while the prices for the other major destinations experienced mixed trend patterns.

Methacrylic Acid Esters Imports

Imports into the Czech Republic

In 2022, the amount of esters of methacrylic acid imported into the Czech Republic contracted modestly to X tons, which is down by -3.5% against the year before. The total import volume increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 32%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, methacrylic acid esters imports reduced to $X in 2022. Overall, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 105%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Saudi Arabia (X tons) and Germany (X tons) were the main suppliers of methacrylic acid esters imports to the Czech Republic, with a combined 73% share of total imports. The UK, Belgium, South Korea, China, France and Italy lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +140.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest methacrylic acid esters suppliers to the Czech Republic were the Netherlands ($X), Saudi Arabia ($X) and Germany ($X), together comprising 65% of total imports. The UK, South Korea, Belgium, France, China and Italy lagged somewhat behind, together comprising a further 29%.

Among the main suppliers, Belgium, with a CAGR of +100.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average methacrylic acid esters import price amounted to $X per ton, standing approx. at the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 +53.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 56%. As a result, import price attained the peak level of $X per ton, and then fell slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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