France: Methacrylic Acid Esters Market 2024

Methacrylic Acid Esters Market Size in France

In 2022, the French methacrylic acid esters market increased by 8.1% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Methacrylic Acid Esters Production in France

In value terms, methacrylic acid esters production amounted to $X in 2022 estimated in export price. In general, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +9.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.7% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by 60%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Methacrylic Acid Esters Exports

Exports from France

In 2022, the amount of esters of methacrylic acid exported from France declined to X tons, waning by -8.6% on 2021 figures. Overall, exports saw a abrupt setback. The exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, methacrylic acid esters exports totaled $X in 2022. Over the period under review, exports, however, continue to indicate a slight increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), the UK (X tons) and Italy (X tons) were the main destinations of methacrylic acid esters exports from France, with a combined 69% share of total exports. Belgium, Ireland, Spain, Switzerland, the Netherlands, the United States, China and Russia lagged somewhat behind, together accounting for a further 22%.

From 2021 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +223.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for esters of methacrylic acid exports from France, comprising 40% of total exports. The second position in the ranking was held by the UK ($X), with a 16% share of total exports. It was followed by Italy, with a 12% share.

From 2021 to 2022, the average annual rate of growth in terms of value to Germany amounted to +62.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+25.0% per year) and Italy (+107.6% per year).

Export Prices by Country

In 2022, the average methacrylic acid esters export price amounted to $X per ton, increasing by 11% against the previous year. Over the period from 2021 to 2022, it increased at an average annual rate of +10.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2021 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+79.7%), while the prices for the other major destinations experienced more modest paces of growth.

Methacrylic Acid Esters Imports

Imports into France

In 2022, the amount of esters of methacrylic acid imported into France declined to X tons, with a decrease of -11% against 2021. In general, imports saw a perceptible setback. The most prominent rate of growth was recorded in 2015 when imports increased by 13%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, methacrylic acid esters imports expanded rapidly to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 43%. 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

Belgium (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of methacrylic acid esters imports to France, together accounting for 91% of total imports. The Netherlands, the UK and South Korea lagged somewhat behind, together accounting for a further 8.5%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +81.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Italy ($X) and Germany ($X) appeared to be the largest methacrylic acid esters suppliers to France, together comprising 84% of total imports. The Netherlands, the UK and South Korea lagged somewhat behind, together comprising a further 13%.

South Korea, with a CAGR of +68.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average methacrylic acid esters import price amounted to $X per ton, rising by 24% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.4% 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 import price increased by +67.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 46% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for South Korea ($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 (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :