Ireland: Methacrylic Acid Esters Market 2024

Methacrylic Acid Esters Market Size in Ireland

In 2022, the Irish methacrylic acid esters market increased by 28% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed a strong expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Methacrylic Acid Esters Exports

Exports from Ireland

In 2022, approx. X tons of esters of methacrylic acid were exported from Ireland; remaining stable against the year before. In general, exports recorded a abrupt contraction. The growth pace was the most rapid in 2018 when exports increased by 732% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, methacrylic acid esters exports totaled $X in 2022. Over the period under review, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 232%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for methacrylic acid esters exports from Ireland, with a 63% share of total exports. Moreover, methacrylic acid esters exports to the United States exceeded the volume sent to the second major destination, India (X kg), threefold. The third position in this ranking was held by Germany (X kg), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-10.2% per year) and Germany (-25.3% per year).

It was followed by India, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-22.8% per year) and India (-9.3% per year).

Export Prices by Country

In 2022, the average methacrylic acid esters export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price saw a mild increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 35% against the previous year. The export price peaked 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 Brazil ($X per ton), while the average price for exports to India ($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 China (+87.3%), while the prices for the other major destinations experienced more modest paces of growth.

Methacrylic Acid Esters Imports

Imports into Ireland

In 2022, purchases abroad of esters of methacrylic acid decreased by 0% to X tons, falling for the fourth year in a row after four years of growth. Over the period under review, imports posted a temperate increase. The most prominent rate of growth was recorded in 2016 when imports increased by 61%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, methacrylic acid esters imports amounted to $X in 2022. Overall, imports showed a prominent increase. The pace of growth appeared the most rapid in 2017 when imports increased by 51% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of methacrylic acid esters to Ireland, accounting for a 69% share of total imports. Moreover, methacrylic acid esters imports from the UK exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume from the UK stood at +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+16.5% per year) and the United States (+9.4% per year).

In value terms, the UK ($X) constituted the largest supplier of esters of methacrylic acid to Ireland, comprising 54% of total imports. The second position in the ranking was held by France ($X), with a 22% share of total imports. It was followed by the United States, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+14.9% per year) and the United States (+11.9% per year).

Import Prices by Country

The average methacrylic acid esters import price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. In general, the import price showed a tangible expansion. The pace of growth was the most pronounced in 2018 an increase of 17%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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 United States ($X per ton), while the price for the UK ($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 (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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