Northern America: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in Northern America

The North American polymethyl methacrylate market declined to $X in 2022, falling by -2.5% against the previous year. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.5% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Polymethyl Methacrylate Production in Northern America

In value terms, polymethyl methacrylate production reduced slightly to $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 25%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Polymethyl Methacrylate Exports

Exports in Northern America

In 2022, approx. X tons of polymethyl methacrylate in primary forms were exported in Northern America; waning by -6.4% on the previous year's figure. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 30%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, polymethyl methacrylate exports stood at $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 34%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United States dominates exports structure, resulting at X tons, which was near 98% of total exports in 2022. Canada (X tons) followed a long way behind the leaders.

The United States experienced a relatively flat trend pattern with regard to volume of exports of polymethyl methacrylate in primary forms. Canada experienced a relatively flat trend pattern. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest polymethyl methacrylate supplier in Northern America, comprising 98% of total exports. The second position in the ranking was taken by Canada ($X), with a 2.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States was relatively modest.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, growing by 8.5% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 14% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.9%).

Polymethyl Methacrylate Imports

Imports in Northern America

In 2022, after two years of decline, there was significant growth in overseas purchases of polymethyl methacrylate in primary forms, when their volume increased by 7.8% to X tons. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 35% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, polymethyl methacrylate imports rose sharply to $X in 2022. The total import value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 36% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United States represented the key importer of polymethyl methacrylate in primary forms in Northern America, with the volume of imports recording X tons, which was approx. 83% of total imports in 2022. It was distantly followed by Canada (X tons), achieving a 17% share of total imports.

The United States was also the fastest-growing in terms of the polymethyl methacrylate in primary forms imports, with a CAGR of +1.9% from 2012 to 2022. Canada (-3.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by +9.5 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported polymethyl methacrylate in primary forms in Northern America, comprising 78% of total imports. The second position in the ranking was taken by Canada ($X), with a 22% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States stood at +1.9%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, approximately reflecting the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 31% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.5%).

Source: IndexBox Platform

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