Netherlands: Methacrylic Acid Market 2024

Methacrylic Acid Market Size in the Netherlands

After two years of growth, the Dutch methacrylic acid market decreased by -72.3% to $X in 2022. In general, consumption, however, enjoyed resilient growth. Over the period under review, the market hit record highs at $X in 2021, and then contracted remarkably in the following year.

Methacrylic Acid Exports

Exports from the Netherlands

Methacrylic acid exports from the Netherlands soared to X tons in 2022, increasing by 16% compared with the year before. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2013 with an increase of 347% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, methacrylic acid exports amounted to $X in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 382% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

Belgium (X tons) was the main destination for methacrylic acid exports from the Netherlands, accounting for a 44% share of total exports. Moreover, methacrylic acid exports to Belgium exceeded the volume sent to the second major destination, Germany (X tons), twofold. The UK (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium amounted to +92.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+28.4% per year) and the UK (+64.5% per year).

In value terms, Belgium ($X), Germany ($X) and the UK ($X) constituted the largest markets for methacrylic acid exported from the Netherlands worldwide, together comprising 81% of total exports.

Among the main countries of destination, Belgium, with a CAGR of +74.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average methacrylic acid export price amounted to $X per ton, waning by -13% against the previous year. In general, the export price showed a pronounced descent. The growth pace was the most rapid in 2021 an increase of 69%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Spain ($X per ton) and Germany ($X per ton), while the average price for exports to the UK ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Methacrylic Acid Imports

Imports into the Netherlands

After five years of growth, overseas purchases of methacrylic acid and its salts decreased by -18.6% to X tons in 2022. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 310% against the previous year. Imports peaked at X tons in 2021, and then shrank notably in the following year.

In value terms, methacrylic acid imports shrank rapidly to $X in 2022. Over the period under review, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 236%. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

China (X tons), Germany (X tons) and the UK (X tons) were the main suppliers of methacrylic acid imports to the Netherlands, together accounting for 82% of total imports. South Korea, Belgium, Turkey and France lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +169.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the UK ($X) appeared to be the largest methacrylic acid suppliers to the Netherlands, with a combined 81% share of total imports. South Korea, Belgium, Turkey and France lagged somewhat behind, together comprising a further 16%.

Turkey, with a CAGR of +116.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 import price stood at $X per ton in 2022, dropping by -1.9% against the previous year. Overall, the import price recorded a pronounced descent. The growth pace was the most rapid in 2021 when the average import price increased by 59% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Belgium ($X per ton) and the UK ($X per ton), while the price for France ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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