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

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

The Europe market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

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

In value terms, production of acrylic polymers, in primary forms (excluding polymethyl methacrylate) rose sharply to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. Over the period under review, production of hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

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

Exports in Europe

In 2021, the amount of acrylic polymers, in primary forms (excluding polymethyl methacrylate) exported in Europe expanded remarkably to X tons, increasing by 8.4% on the previous year. Total exports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +13.1% against 2017 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 55% 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 near future.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) surged to $X in 2021. Total exports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +79.6% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 62% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Exports by Country

In 2021, Germany (X tons), distantly followed by France (X tons), Belgium (X tons), the Netherlands (X tons), the UK (X tons) and Italy (X tons) were the major exporters of acrylic polymers, in primary forms (excluding polymethyl methacrylate), together generating 87% of total exports. Spain (X tons) took a little share of total exports.

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, the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) supplying countries in Europe were Germany ($X), France ($X) and Belgium ($X), together comprising 60% of total exports. The Netherlands, the UK, Italy and Spain lagged somewhat behind, together comprising a further 29%.

In terms of the main exporting countries, Italy, with a CAGR of +4.8%, recorded the highest growth rate of the value of exports, 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 Europe stood at $X per ton in 2021, increasing by 17% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in the UK ($X per ton) and the Netherlands ($X per ton), while Belgium ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.1%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Europe

For the tenth consecutive year, Europe recorded growth in supplies from abroad of acrylic polymers, in primary forms (excluding polymethyl methacrylate), which increased by 6.7% to X tons in 2021. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained 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) skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

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

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +9.1%), 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 2021, with a combined 34% share of total imports. These countries were followed by France, Belgium, the Netherlands, Russia, the UK, Spain, Sweden, the Czech Republic and Austria, which together accounted for a further 49%.

Among the main importing countries, the Czech Republic, with a CAGR of +6.0%, 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

In 2021, the import price in Europe amounted to $X per ton, increasing by 16% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the UK ($X per ton) and Germany ($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 UK (+0.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform