Netherlands: Methacrylic Acid Esters Market 2024

Methacrylic Acid Esters Market Size in the Netherlands

The Dutch methacrylic acid esters market contracted notably to $X in 2022, dropping by -16.8% against the previous year. In general, consumption, however, saw a pronounced increase. As a result, consumption attained the peak level of $X, and then reduced rapidly in the following year.

Methacrylic Acid Esters Production in the Netherlands

In value terms, methacrylic acid esters production surged to $X in 2022 estimated in export price. Over the period under review, production posted a buoyant increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Methacrylic Acid Esters Exports

Exports from the Netherlands

In 2022, after two years of growth, there was significant decline in shipments abroad of esters of methacrylic acid, when their volume decreased by -25.1% to X tons. In general, exports, however, enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2021 with an increase of 72%. As a result, the exports attained the peak of X tons, and then shrank remarkably in the following year.

In value terms, methacrylic acid esters exports fell remarkably to $X in 2022. Overall, exports, however, showed a strong expansion. The pace of growth was the most pronounced in 2021 when exports increased by 141% against the previous year. As a result, the exports attained the peak of $X, and then contracted markedly in the following year.

Exports by Country

Germany (X tons) was the main destination for methacrylic acid esters exports from the Netherlands, with a 45% share of total exports. Moreover, methacrylic acid esters exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +20.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+19.6% per year) and the United States (+72.1% per year).

In value terms, Germany ($X) remains the key foreign market for esters of methacrylic acid exports from the Netherlands, comprising 45% of total exports. The second position in the ranking was held by Belgium ($X), with a 14% share of total exports. It was followed by the United States, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +22.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+20.5% per year) and the United States (+44.2% per year).

Export Prices by Country

The average methacrylic acid esters export price stood at $X per ton in 2022, leveling off at the previous year. Overall, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.5% 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 +40.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 61%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Singapore ($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 Taiwan (Chinese) (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Methacrylic Acid Esters Imports

Imports into the Netherlands

In 2022, supplies from abroad of esters of methacrylic acid decreased by -25.2% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.5% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of 47%. As a result, imports reached the peak of X tons, and then dropped significantly in the following year.

In value terms, methacrylic acid esters imports fell rapidly to $X in 2022. Overall, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 96% against the previous year. As a result, imports reached the peak of $X, and then declined significantly in the following year.

Imports by Country

Saudi Arabia (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of methacrylic acid esters imports to the Netherlands, together comprising 52% of total imports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +1,106.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Germany ($X) and Belgium ($X) appeared to be the largest methacrylic acid esters suppliers to the Netherlands, together accounting for 49% of total imports.

Among the main suppliers, Saudi Arabia, with a CAGR of +1,109.3%, saw 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

In 2022, the average methacrylic acid esters import price amounted to $X per ton, growing by 13% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 39%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Saudi Arabia ($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 UK (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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