Germany: Methacrylic Acid Market 2024

Methacrylic Acid Market Size in Germany

The German methacrylic acid market skyrocketed to $X in 2022, increasing by 21% against the previous year. Overall, consumption posted a strong expansion. Methacrylic acid consumption peaked in 2022 and is expected to retain growth in the near future.

Methacrylic Acid Production in Germany

In value terms, methacrylic acid production skyrocketed to $X in 2022 estimated in export price. In general, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +65.0% against 2019 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Methacrylic Acid Exports

Exports from Germany

In 2022, approx. X tons of methacrylic acid and its salts were exported from Germany; with a decrease of -8.8% on the previous year's figure. In general, exports saw a pronounced contraction. The pace of growth was the most pronounced in 2016 when exports increased by 32% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, methacrylic acid exports rose to $X in 2022. Overall, exports saw a slight slump. The growth pace was the most rapid in 2021 when exports increased by 31%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for methacrylic acid exports from Germany, with a 46% share of total exports. Moreover, methacrylic acid exports to France exceeded the volume sent to the second major destination, Italy (X tons), threefold. The UK (X tons) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume to France stood at +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-1.1% per year) and the UK (-12.1% per year).

In value terms, France ($X) remains the key foreign market for methacrylic acid and its salts exports from Germany, comprising 44% of total exports. The second position in the ranking was taken by Italy ($X), with a 16% share of total exports. It was followed by the UK, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-1.3% per year) and the UK (-10.1% per year).

Export Prices by Country

The average methacrylic acid export price stood at $X per ton in 2022, surging by 14% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2021 when the average export price increased by 37%. The export price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Spain ($X per ton) and Belgium ($X per ton), while the average price for exports to Malaysia ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Methacrylic Acid Imports

Imports into Germany

In 2022, approx. X tons of methacrylic acid and its salts were imported into Germany; reducing by -25.3% on the previous year. In general, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +2.5% 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 +37.3% against 2016 indices. The growth pace was the most rapid in 2019 with an increase of 47%. Over the period under review, imports hit record highs at X tons in 2021, and then contracted markedly in the following year.

In value terms, methacrylic acid imports reduced rapidly to $X in 2022. Overall, imports, however, saw notable growth. The pace of growth appeared the most rapid in 2021 when imports increased by 122%. As a result, imports attained the peak of $X, and then dropped markedly in the following year.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest methacrylic acid supplier to Germany, with a 40% share of total imports. Moreover, methacrylic acid imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The third position in this ranking was held by China (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-5.1% per year) and China (+16.5% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of methacrylic acid and its salts to Germany, comprising 36% of total imports. The second position in the ranking was taken by Japan ($X), with a 17% share of total imports. It was followed by Belgium, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+10.8% per year) and Belgium (-2.5% per year).

Import Prices by Country

In 2022, the average methacrylic acid import price amounted to $X per ton, surging by 5.3% against the previous year. Over the period under review, import price indicated pronounced growth 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 import price increased by +69.0% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 60%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

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 Japan ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :