Denmark: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in Denmark

The Danish polymethyl methacrylate market contracted rapidly to $X in 2022, shrinking by -36.2% against the previous year. Overall, consumption continues to indicate a abrupt slump. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Polymethyl Methacrylate Production in Denmark

In value terms, polymethyl methacrylate production contracted dramatically to $X in 2022 estimated in export price. Over the period under review, production posted significant growth. The pace of growth was the most pronounced in 2021 when the production volume increased by 713% against the previous year. As a result, production reached the peak level of $X, and then declined significantly in the following year.

Polymethyl Methacrylate Exports

Exports from Denmark

In 2022, overseas shipments of polymethyl methacrylate in primary forms decreased by -45.6% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a perceptible setback. The most prominent rate of growth was recorded in 2017 with an increase of 151% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, polymethyl methacrylate exports reached $X in 2022. In general, exports, however, continue to indicate a notable expansion. The pace of growth was the most pronounced in 2020 with an increase of 51%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons), Spain (X tons) and Sweden (X tons) were the main destinations of polymethyl methacrylate exports from Denmark, together comprising 64% of total exports. The United States, China, Poland, the Netherlands, Saudi Arabia and Slovakia lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +38.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polymethyl methacrylate exported from Denmark were the United States ($X), Spain ($X) and Germany ($X), with a combined 69% share of total exports.

The United States, with a CAGR of +61.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average polymethyl methacrylate export price stood at $X per ton in 2022, picking up by 86% against the previous year. In general, the export price posted buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while the average price for exports to the Netherlands ($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 Taiwan (Chinese) (+232.1%), while the prices for the other major destinations experienced more modest paces of growth.

Polymethyl Methacrylate Imports

Imports into Denmark

In 2022, after two years of growth, there was significant decline in overseas purchases of polymethyl methacrylate in primary forms, when their volume decreased by -42% to X tons. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 198%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, polymethyl methacrylate imports contracted dramatically to $X in 2022. Over the period under review, imports saw a deep downturn. The growth pace was the most rapid in 2018 with an increase of 61%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

France (X tons), Sweden (X tons) and Germany (X tons) were the main suppliers of polymethyl methacrylate imports to Denmark, with a combined 82% share of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +7.3%), while purchases for the other leaders experienced a decline.

In value terms, Sweden ($X), France ($X) and Germany ($X) constituted the largest polymethyl methacrylate suppliers to Denmark, with a combined 78% share of total imports.

In terms of the main suppliers, Sweden, with a CAGR of +8.9%, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average polymethyl methacrylate import price amounted to $X per ton, increasing by 11% against the previous year. Overall, the import price, however, saw a mild shrinkage. The growth pace was the most rapid in 2017 an increase of 36% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

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 Japan ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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