EU: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in the EU

In 2021, the EU market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) increased by 11% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in the EU

In value terms, production of acrylic polymers, in primary forms (excluding polymethyl methacrylate) expanded markedly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. Over the period under review, production of hit record highs at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports in the EU

In 2021, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) in the European Union amounted to X tons, increasing by 8.5% on 2020. Total exports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +13.4% against 2017 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 62% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) surged to $X in 2021. Over the period under review, exports showed a temperate increase. The growth pace was the most rapid in 2017 when exports increased by 71% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

In 2021, Germany (X tons), distantly followed by France (X tons), Belgium (X tons), the Netherlands (X tons), Italy (X tons) and Spain (X tons) represented the main exporters of acrylic polymers, in primary forms (excluding polymethyl methacrylate), together comprising 92% of total exports. Sweden (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Spain (with a CAGR of +5.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Belgium ($X) constituted the countries with the highest levels of exports in 2021, with a combined 65% share of total exports. These countries were followed by the Netherlands, Italy, Spain and Sweden, which together accounted for a further 27%.

Italy, with a CAGR of +4.8%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, surging by 17% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+2.4%), while the other leaders experienced more modest paces of growth.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports in the EU

For the tenth consecutive year, the European Union recorded growth in supplies from abroad of acrylic polymers, in primary forms (excluding polymethyl methacrylate), which increased by 8% to X tons in 2021. The total import volume increased at an average annual rate of +3.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) surged to $X in 2021. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the ten major importers of acrylic polymers, in primary forms (excluding polymethyl methacrylate), namely Germany, Italy, Poland, France, Belgium, the Netherlands, Spain, Sweden, the Czech Republic and Austria, represented more than two-thirds of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Czech Republic (with a CAGR of +9.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) importing markets in the European Union were Germany ($X), Italy ($X) and Poland ($X), with a combined 42% share of total imports. These countries were followed by France, Belgium, the Netherlands, Spain, Sweden, the Czech Republic and Austria, which together accounted for a further 45%.

Among the main importing countries, the Czech Republic, with a CAGR of +6.0%, recorded 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 2021, the import price in the European Union amounted to $X per ton, jumping by 16% against the previous year. In general, the import price, however, showed a mild slump. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Germany ($X per ton) and France ($X per ton), while the Czech Republic ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform