Pakistan: Methacrylic Acid Esters Market 2024

Methacrylic Acid Esters Market Size in Pakistan

After two years of growth, the Pakistani methacrylic acid esters market decreased by -0.1% to $X in 2022. In general, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +63.9% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Methacrylic Acid Esters Exports

Exports from Pakistan

In 2022, approx. X tons of esters of methacrylic acid were exported from Pakistan; therefore, remained relatively stable against 2021 figures. In general, exports showed pronounced growth. The most prominent rate of growth was recorded in 2013 when exports increased by 87% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, methacrylic acid esters exports stood at $X in 2022. Overall, exports saw a notable increase. The growth pace was the most rapid in 2013 when exports increased by 76% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

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

From 2012 to 2022, the average annual growth rate of volume to China was relatively modest.

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

Export Prices by Country

The average methacrylic acid esters export price stood at $X per ton in 2022, approximately equating the previous year. Over the period under review, the export price continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2013 when the average export price decreased by -6% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 the Netherlands amounted to 0.0% per year.

Methacrylic Acid Esters Imports

Imports into Pakistan

In 2022, the amount of esters of methacrylic acid imported into Pakistan shrank modestly to X tons, remaining relatively unchanged against 2021 figures. In general, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.6% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 60% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, methacrylic acid esters imports reached $X in 2022. Over the period under review, imports, however, saw a measured increase. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of methacrylic acid esters to Pakistan, with a 48% share of total imports. Moreover, methacrylic acid esters imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), twofold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+2.0% per year) and Taiwan (Chinese) (+36.5% per year).

In value terms, the largest methacrylic acid esters suppliers to Pakistan were China ($X), Saudi Arabia ($X) and Taiwan (Chinese) ($X), together accounting for 81% of total imports.

Taiwan (Chinese), with a CAGR of +43.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, recorded a slight downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by 42%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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