EU: Methacrylic Acid Esters Market 2024

Methacrylic Acid Esters Market Size in the EU

In 2022, the EU methacrylic acid esters market increased by 8.5% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 +50.2% against 2020 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Methacrylic Acid Esters Production in the EU

In value terms, methacrylic acid esters production dropped modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 21% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Methacrylic Acid Esters Exports

Exports in the EU

After two years of growth, overseas shipments of esters of methacrylic acid decreased by -41.3% to X tons in 2022. Over the period under review, exports saw a noticeable decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 46%. Over the period under review, the exports hit record highs at X tons in 2021, and then fell dramatically in the following year.

In value terms, methacrylic acid esters exports contracted notably to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 84%. As a result, the exports attained the peak of $X, and then shrank rapidly in the following year.

Exports by Country

Germany (X tons) and the Netherlands (X tons) prevails in exports structure, together achieving 87% of total exports. It was distantly followed by Belgium (X tons), making up a 9% share of total exports. France (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +2.4%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest methacrylic acid esters supplying countries in the European Union were Germany ($X), the Netherlands ($X) and Belgium ($X), with a combined 93% share of total exports.

In terms of the main exporting countries, the Netherlands, with a CAGR of +7.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, picking up by 18% against the previous year. Export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% 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 export price increased by +72.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 46% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+10.5%), while the other leaders experienced more modest paces of growth.

Methacrylic Acid Esters Imports

Imports in the EU

In 2022, overseas purchases of esters of methacrylic acid decreased by -25.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 22%. As a result, imports reached the peak of X tons, and then dropped notably in the following year.

In value terms, methacrylic acid esters imports shrank to $X in 2022. Total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.3% 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 +44.4% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 68% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, the Netherlands (X tons) represented the key importer of esters of methacrylic acid, generating 37% of total imports. Germany (X tons) ranks second in terms of the total imports with an 18% share, followed by France (14%), Belgium (8.9%) and Spain (7.1%). Italy (X tons) and Sweden (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to methacrylic acid esters imports into the Netherlands stood at +2.1%. At the same time, Germany (+2.7%) and Italy (+1.8%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing importer imported in the European Union, with a CAGR of +2.7% from 2012-2022. Spain and Sweden experienced a relatively flat trend pattern. By contrast, France (-2.7%) and Belgium (-9.0%) illustrated a downward trend over the same period. The Netherlands (+8.9 p.p.) and Germany (+5 p.p.) significantly strengthened its position in terms of the total imports, while France and Belgium saw its share reduced by -3.3% and -12.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest methacrylic acid esters importing markets in the European Union were the Netherlands ($X), Germany ($X) and France ($X), together comprising 68% of total imports.

The Netherlands, with a CAGR of +5.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 the European Union amounted to $X per ton, increasing by 16% against the previous year. Import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.9% 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 +59.9% against 2020 indices. The pace of growth was the most pronounced in 2017 when the import price increased by 39% against the previous year. The level of import peaked in 2022 and is likely to see steady 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 Italy ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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