Pakistan: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in Pakistan

The Pakistani polymethyl methacrylate market fell to $X in 2022, with a decrease of -7.8% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Polymethyl Methacrylate Production in Pakistan

In value terms, polymethyl methacrylate production contracted to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 29%. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Polymethyl Methacrylate Exports

Exports from Pakistan

After two years of growth, overseas shipments of polymethyl methacrylate in primary forms decreased by -16.8% to X tons in 2022. Overall, exports saw a significant decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 144% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, polymethyl methacrylate exports reduced remarkably to $X in 2022. Over the period under review, exports recorded a sharp downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 125%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2022, the average annual growth rate of volume to China amounted to +59.7%.

In value terms, China ($X) also remains the key foreign market for polymethyl methacrylate in primary forms exports from Pakistan.

From 2012 to 2022, the average annual growth rate of value to China amounted to +57.6%.

Export Prices by Country

In 2022, the average polymethyl methacrylate export price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the export price continues to indicate a pronounced descent. The growth pace was the most rapid in 2018 when the average export price increased by 83% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 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 -1.3% per year.

Polymethyl Methacrylate Imports

Imports into Pakistan

In 2022, supplies from abroad of polymethyl methacrylate in primary forms decreased by -13.2% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 89%. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, polymethyl methacrylate imports dropped to $X in 2022. Over the period under review, total imports indicated strong growth from 2012 to 2022: its value 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 +46.1% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 39% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

China (X tons), Saudi Arabia (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of polymethyl methacrylate imports to Pakistan, together comprising 65% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +36.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Saudi Arabia ($X) and Taiwan (Chinese) ($X) constituted the largest polymethyl methacrylate suppliers to Pakistan, with a combined 68% share of total imports.

China, with a CAGR of +28.0%, 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 polymethyl methacrylate import price stood at $X per ton in 2022, picking up by 7.9% against the previous year. Over the period under review, the import price, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2015 an increase of 57%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 South Korea ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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