Report Update Nov 1, 2024

India - Esters of Methacrylic Acid - Market Analysis, Forecast, Size, Trends and Insights

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India: Methacrylic Acid Esters Market 2024

Methacrylic Acid Esters Market Size in India

In 2022, the Indian methacrylic acid esters market increased by 0.2% to $X, rising for the second consecutive year after three years of decline. Overall, consumption showed prominent growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Methacrylic Acid Esters Exports

Exports from India

In 2022, the amount of esters of methacrylic acid exported from India declined markedly to X tons, with a decrease of -68.2% on 2021 figures. In general, exports, however, posted a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 281%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, methacrylic acid esters exports dropped sharply to $X in 2022. Over the period under review, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2013 when exports increased by 152% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for methacrylic acid esters exports from India, with a 66% share of total exports. Moreover, methacrylic acid esters exports to the United Arab Emirates exceeded the volume sent to the second major destination, Egypt (X tons), eightfold. Brazil (X tons) ranked third in terms of total exports with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +151.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+138.7% per year) and Brazil (+29.8% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for esters of methacrylic acid exports from India, comprising 65% of total exports. The second position in the ranking was taken by Iran ($X), with a 7.9% share of total exports. It was followed by Bangladesh, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +138.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+29.8% per year) and Bangladesh (+0.1% per year).

Export Prices by Country

In 2022, the average methacrylic acid esters export price amounted to $X per ton, with an increase of 72% against the previous year. In general, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to Egypt ($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 Bangladesh (+8.2%), while the prices for the other major destinations experienced mixed trend patterns.

Methacrylic Acid Esters Imports

Imports into India

In 2022, imports of esters of methacrylic acid into India declined modestly to X tons, shrinking by -1.8% on the year before. Over the period under review, imports, however, showed buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by 58%. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, methacrylic acid esters imports shrank to $X in 2022. Overall, imports, however, showed a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 117%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

Saudi Arabia (X tons), Singapore (X tons) and China (X tons) were the main suppliers of methacrylic acid esters imports to India, with a combined 67% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +86.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest methacrylic acid esters suppliers to India were China ($X), Singapore ($X) and Saudi Arabia ($X), together accounting for 65% of total imports.

Among the main suppliers, Saudi Arabia, with a CAGR of +83.6%, recorded 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

The average methacrylic acid esters import price stood at $X per ton in 2022, falling by -8.1% against the previous year. Over the period under review, the import price showed a slight descent. The most prominent rate of growth was recorded in 2017 an increase of 55%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and China ($X per ton), while the price for Saudi Arabia ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for esters of methacrylic acid in the world?

The countries with the highest volumes of methacrylic acid esters consumption in 2020 were China, Singapore and the United States, together accounting for 30% of global consumption.

What are the largest producers of esters of methacrylic acid in the world?

The countries with the highest volumes of methacrylic acid esters production in 2020 were Singapore, the UK and the United States, with a combined 46% share of global production. Japan, Saudi Arabia, Thailand and Germany lagged somewhat behind, together comprising a further 45%.

What are the leading suppliers of esters of methacrylic acid to India?

In value terms, Singapore constituted the largest supplier of methacrylic acid esters to India, comprising 46% of total imports. The second position in the ranking was occupied by China, with a 10% share of total imports. It was followed by the United States, with an 8.3% share.

What are the leading importers of esters of methacrylic acid from India?

In value terms, China remains the key foreign market for methacrylic acid esters exports from India, comprising 59% of total exports. The second position in the ranking was occupied by Egypt, with an 8.7% share of total exports. It was followed by Chile, with a 6.3% share.

What is the average export price for esters of methacrylic acid in India?

The average methacrylic acid esters export price stood at $1,213 per ton in 2020, with a decrease of -30.6% against the previous year.

What is the average import price for esters of methacrylic acid in India?

In 2020, the average methacrylic acid esters import price amounted to $1,568 per ton, shrinking by -21.4% against the previous year.

This report provides an in-depth analysis of the methacrylic acid esters market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143340 - Esters of methacrylic acid

Country coverage:

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023