EU: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in the EU

The EU polymethyl methacrylate market stood at $X in 2022, surging by 8.4% against the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in years to come.

Polymethyl Methacrylate Production in the EU

In value terms, polymethyl methacrylate production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 17% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Polymethyl Methacrylate Exports

Exports in the EU

Polymethyl methacrylate exports declined notably to X tons in 2022, with a decrease of -37.1% against the previous year's figure. Overall, exports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 109%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, polymethyl methacrylate exports declined rapidly to $X in 2022. Over the period under review, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2013 with an increase of 149% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then dropped notably in the following year.

Exports by Country

In 2022, Belgium (X tons) represented the largest exporter of polymethyl methacrylate in primary forms, mixing up 34% of total exports. It was distantly followed by Poland (X tons), France (X tons), the Czech Republic (X tons), Spain (X tons) and Slovakia (X tons), together achieving a 45% share of total exports. Austria (X tons), the Netherlands (X tons), Slovenia (X tons), Portugal (X tons) and Sweden (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Portugal (with a CAGR of +38.9%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) emerged as the largest polymethyl methacrylate supplier in the European Union, comprising 32% of total exports. The second position in the ranking was taken by France ($X), with a 12% share of total exports. It was followed by Austria, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium amounted to +5.4%. In the other countries, the average annual rates were as follows: France (0.0% per year) and Austria (+3.7% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, shrinking by -10.6% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 25% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 the Netherlands ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+11.3%), while the other leaders experienced more modest paces of growth.

Polymethyl Methacrylate Imports

Imports in the EU

In 2022, purchases abroad of polymethyl methacrylate in primary forms decreased by -4.9% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +2.4% 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 2016 when imports increased by 27%. Over the period under review, imports reached the peak figure at X tons in 2021, and then shrank slightly in the following year.

In value terms, polymethyl methacrylate imports stood at $X in 2022. The total import value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 27%. 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

Italy (X tons), Poland (X tons), Germany (X tons) and Spain (X tons) represented roughly 49% of total imports in 2022. Belgium (X tons) held a 6.5% share (based on physical terms) of total imports, which put it in second place, followed by Bulgaria (6.2%), France (5.8%), the Czech Republic (5.7%), Slovakia (5.3%) and Austria (4.6%).

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +15.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Poland ($X) were the countries with the highest levels of imports in 2022, with a combined 39% share of total imports. Spain, France, the Czech Republic, Belgium, Austria, Slovakia and Bulgaria lagged somewhat behind, together accounting for a further 41%.

Among the main importing countries, Bulgaria, with a CAGR of +16.0%, 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

The import price in the European Union stood at $X per ton in 2022, picking up by 5.4% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 19% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Bulgaria ($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 (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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