Eastern Europe: Methacrylic Acid Esters Market 2024

Methacrylic Acid Esters Market Size in Eastern Europe

In 2022, after two years of growth, there was decline in the East European methacrylic acid esters market, when its value decreased by -5% to $X. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +32.2% against 2019 indices. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Methacrylic Acid Esters Production in Eastern Europe

In value terms, methacrylic acid esters production contracted sharply to $X in 2022 estimated in export price. In general, production showed a precipitous descent. The growth pace was the most rapid in 2021 with an increase of 10,134% against the previous year. Over the period under review, production attained 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 Eastern Europe

In 2022, approx. X tons of esters of methacrylic acid were exported in Eastern Europe; dropping by -51.8% on the year before. Overall, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 118% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, methacrylic acid esters exports dropped remarkably to $X in 2022. Over the period under review, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 54%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic was the main exporting country with an export of around X tons, which reached 81% of total exports. Poland (X tons) took the second position in the ranking, followed by Romania (X tons). All these countries together took near 17% share of total exports.

Exports from the Czech Republic increased at an average annual rate of +48.7% from 2012 to 2022. At the same time, Romania (+93.2%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +93.2% from 2012-2022. By contrast, Poland (-1.6%) illustrated a downward trend over the same period. While the share of the Czech Republic (+81 p.p.), Poland (+8.6 p.p.) and Romania (+6.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) emerged as the largest methacrylic acid esters supplier in Eastern Europe, comprising 63% of total exports. The second position in the ranking was taken by Romania ($X), with a 17% share of total exports.

In the Czech Republic, methacrylic acid esters exports increased at an average annual rate of +45.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Romania (+93.5% per year) and Poland (+7.7% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, picking up by 50% against the previous year. In general, the export price enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2014 an increase of 116% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+9.5%), while the other leaders experienced mixed trends in the export price figures.

Methacrylic Acid Esters Imports

Imports in Eastern Europe

In 2022, the amount of esters of methacrylic acid imported in Eastern Europe dropped to X tons, reducing by -14.2% against 2021 figures. The total import volume increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 26% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, methacrylic acid esters imports contracted to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 38%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, Slovakia (X tons), distantly followed by Russia (X tons), the Czech Republic (X tons), Poland (X tons) and Hungary (X tons) represented the main importers of esters of methacrylic acid, together making up 94% of total imports. Romania (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Hungary (with a CAGR of +45.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest methacrylic acid esters importing markets in Eastern Europe were Slovakia ($X), Russia ($X) and Poland ($X), together accounting for 66% of total imports. Hungary, the Czech Republic and Romania lagged somewhat behind, together comprising a further 31%.

Among the main importing countries, Hungary, with a CAGR of +36.4%, saw the highest growth rate of 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 import price in Eastern Europe amounted to $X per ton, picking up by 10% against the previous year. Import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.7% 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 +61.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 46% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :