Germany: Methacrylic Acid Esters Market 2024

Methacrylic Acid Esters Market Size in Germany

The German methacrylic acid esters market soared to $X in 2022, increasing by 74% against the previous year. Overall, consumption continues to indicate a significant increase. Methacrylic acid esters consumption peaked in 2022 and is likely to continue growth in the near future.

Methacrylic Acid Esters Production in Germany

In value terms, methacrylic acid esters production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 24% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Methacrylic Acid Esters Exports

Exports from Germany

In 2022, after two years of growth, there was significant decline in shipments abroad of esters of methacrylic acid, when their volume decreased by -33% to X tons. In general, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 12% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, methacrylic acid esters exports contracted remarkably to $X in 2022. Overall, exports recorded a noticeable descent. The most prominent rate of growth was recorded in 2021 with an increase of 53%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons), the United States (X tons) and France (X tons) were the main destinations of methacrylic acid esters exports from Germany, with a combined 58% share of total exports. Italy, Belgium, Spain, Switzerland, Austria, Hungary, Japan, Mexico, China and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +65.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for methacrylic acid esters exported from Germany were the Netherlands ($X), the United States ($X) and France ($X), together comprising 48% of total exports. Italy, Hungary, Belgium, Spain, Switzerland, China, Austria, Taiwan (Chinese), Japan and Mexico lagged somewhat behind, together accounting for a further 40%.

Hungary, with a CAGR of +61.9%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average methacrylic acid esters export price amounted to $X per ton, increasing by 26% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.0% 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 +71.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 36% against the previous year. The export price peaked in 2022 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 Taiwan (Chinese) ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+21.7%), while the prices for the other major destinations experienced more modest paces of growth.

Methacrylic Acid Esters Imports

Imports into Germany

In 2022, approx. X tons of esters of methacrylic acid were imported into Germany; waning by -2.7% against 2021. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 19%. As a result, imports reached the peak of X tons, and then reduced slightly in the following year.

In value terms, methacrylic acid esters imports expanded to $X in 2022. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +72.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 68%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

The Netherlands (X tons), Japan (X tons) and China (X tons) were the main suppliers of methacrylic acid esters imports to Germany, with a combined 54% share of total imports. The UK, Belgium, Italy, Saudi Arabia, South Korea and the United States lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +131.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest methacrylic acid esters suppliers to Germany were the Netherlands ($X), China ($X) and Japan ($X), with a combined 51% share of total imports. The UK, Belgium, the United States, Italy, South Korea and Saudi Arabia lagged somewhat behind, together accounting for a further 40%.

Saudi Arabia, with a CAGR of +120.8%, saw the highest rates of growth with regard to the value of imports, in terms of 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, picking up by 5.3% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.2% 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 +48.2% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 42% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Saudi Arabia ($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 United States (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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