MERCOSUR: Methacrylic Acid Esters Market 2024

Methacrylic Acid Esters Market Size in MERCOSUR

The MERCOSUR methacrylic acid esters market skyrocketed to $X in 2022, increasing by 28% against the previous year. Over the period under review, consumption saw a resilient expansion. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Methacrylic Acid Esters Production in MERCOSUR

In value terms, methacrylic acid esters production rose to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 29% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Methacrylic Acid Esters Exports

Exports in MERCOSUR

In 2022, approx. X tons of esters of methacrylic acid were exported in MERCOSUR; with a decrease of -41.1% compared with 2021 figures. Overall, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2014 with an increase of 60%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, methacrylic acid esters exports contracted significantly to $X in 2022. In general, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2017 when exports increased by 110%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of esters of methacrylic acid, namely Brazil, represented more than two-thirds of total export.

Brazil was also the fastest-growing in terms of the esters of methacrylic acid exports, with a CAGR of -9.1% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest methacrylic acid esters supplier in MERCOSUR.

In Brazil, methacrylic acid esters exports declined by an average annual rate of -6.3% over the period from 2012-2022.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, surging by 14% against the previous year. Export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.1% 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 +65.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the export price increased by 33%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +3.1% per year.

Methacrylic Acid Esters Imports

Imports in MERCOSUR

In 2022, methacrylic acid esters imports in MERCOSUR expanded remarkably to X tons, growing by 7.1% on the previous year's figure. Overall, imports, however, showed a mild curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 11%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, methacrylic acid esters imports expanded notably to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) and Colombia (X tons) were the key importers of esters of methacrylic acid in MERCOSUR, together recording near 69% of total imports. It was distantly followed by Peru (X tons) and Argentina (X tons), together making up a 22% share of total imports. Ecuador (X tons), Uruguay (X tons) and Chile (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Uruguay (with a CAGR of +2.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported esters of methacrylic acid in MERCOSUR, comprising 53% of total imports. The second position in the ranking was held by Colombia ($X), with a 21% share of total imports. It was followed by Argentina, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in Brazil stood at +2.4%. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (-0.8% per year) and Argentina (-5.2% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, approximately reflecting the previous year. Import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% 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 +49.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by 48%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform