Europe: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in Europe

The Europe polymethyl methacrylate market expanded rapidly to $X in 2022, picking up by 8.3% against the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in years to come.

Polymethyl Methacrylate Production in Europe

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% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2016 with an increase of 17%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Polymethyl Methacrylate Exports

Exports in Europe

In 2022, overseas shipments of polymethyl methacrylate in primary forms decreased by -38.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, continue to indicate noticeable growth. The growth pace was the most rapid in 2013 with an increase of 83% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, polymethyl methacrylate exports declined rapidly to $X in 2022. Total exports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 80%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Belgium (X tons), distantly followed by Poland (X tons), France (X tons), Switzerland (X tons), the Czech Republic (X tons) and Spain (X tons) were the largest exporters of polymethyl methacrylate in primary forms, together making up 73% of total exports. The following exporters - Slovakia (X tons), Austria (X tons), the Netherlands (X tons), Slovenia (X tons), the UK (X tons), Portugal (X tons) and Sweden (X tons) - together made up 19% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading 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 ($X) emerged as the largest polymethyl methacrylate supplier in Europe, comprising 25% of total exports. The second position in the ranking was held by France ($X), with a 9.8% share of total exports. It was followed by Switzerland, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value in Belgium amounted to +5.4%. The remaining exporting countries recorded the following average annual rates of exports growth: France (0.0% per year) and Switzerland (-7.8% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, reducing by -3.3% against the previous year. In general, the export price showed a noticeable decline. The growth pace was the most rapid in 2018 an increase of 15% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the UK ($X per ton), while Poland ($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 Europe

In 2022, overseas purchases 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 +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 24% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, polymethyl methacrylate imports fell to $X in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of polymethyl methacrylate imports in 2022 were Italy (X tons), Poland (X tons), Germany (X tons), Spain (X tons) and Russia (X tons), together amounting to 52% of total import. Belgium (X tons) took the next position in the ranking, followed by Bulgaria (X tons), France (X tons), the Czech Republic (X tons) and Slovakia (X tons). All these countries together took approx. 26% share of total imports. Austria (X tons), the UK (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +18.2%), 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 34% share of total imports. Spain, France, Russia, the Czech Republic, the UK, Belgium, Austria, Slovakia, Bulgaria and the Netherlands lagged somewhat behind, together accounting for a further 50%.

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

In 2022, the import price in Europe amounted to $X per ton, increasing by 4.7% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by 18%. The level of import peaked 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 the UK ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform