Report Update Nov 1, 2024

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

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Myanmar: Methacrylic Acid Esters Market 2024

Methacrylic Acid Esters Market Size in Myanmar

In 2022, the Myanmar's methacrylic acid esters market decreased by -72% to $X, falling for the third year in a row after three years of growth. In general, consumption continues to indicate a deep reduction. Methacrylic acid esters consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Methacrylic Acid Esters Production in Myanmar

In value terms, methacrylic acid esters production declined modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2018 when the production volume increased by 15%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Methacrylic Acid Esters Exports

Exports from Myanmar

In 2022, the amount of esters of methacrylic acid exported from Myanmar soared to X tons, growing by 184% against the previous year. In general, exports recorded prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 203% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, methacrylic acid esters exports soared to $X in 2022. Over the period under review, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 368%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for methacrylic acid esters exports from Myanmar, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China stood at +34.9%.

In value terms, China ($X) also remains the key foreign market for esters of methacrylic acid exports from Myanmar.

From 2012 to 2022, the average annual growth rate of value to China totaled +38.2%.

Export Prices by Country

The average methacrylic acid esters export price stood at $X per ton in 2022, falling by -39.4% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 when the average export price increased by 83%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +2.5% per year.

Methacrylic Acid Esters Imports

Imports into Myanmar

In 2022, supplies from abroad of esters of methacrylic acid decreased by -50.5% to X tons, falling for the third consecutive year after three years of growth. Overall, imports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 208% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, methacrylic acid esters imports fell notably to $X in 2022. In general, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2018 with an increase of 153%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Thailand (X tons) constituted the largest methacrylic acid esters supplier to Myanmar, with a 86% share of total imports. Moreover, methacrylic acid esters imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand totaled +36.9%.

In value terms, China ($X) and Thailand ($X) appeared to be the largest methacrylic acid esters suppliers to Myanmar.

In terms of the main suppliers, Thailand, with a CAGR of +22.3%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the average methacrylic acid esters import price amounted to $X per ton, growing by 34% against the previous year. Over the period under review, the import price, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 105%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Thailand amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.6%), 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 comprising 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, together accounting for 46% of global production. These countries were followed by Japan, Saudi Arabia, Thailand and Germany, which together accounted for a further 45%.

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

In value terms, China constituted the largest supplier of methacrylic acid esters to Myanmar, comprising 51% of total imports. The second position in the ranking was occupied by Thailand, with a 16% share of total imports. It was followed by South Korea, with an 11% share.

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

The average methacrylic acid esters export price stood at $719 per ton in 2020, standing approx. at the previous year.

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

In 2020, the average methacrylic acid esters import price amounted to $629 per ton, remaining constant against the previous year.

This report provides an in-depth analysis of the methacrylic acid esters market in Myanmar. 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:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
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