Report Update Nov 1, 2024

Peru - Methacrylic Acid and Its Salts - Market Analysis, Forecast, Size, Trends and Insights

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Peru: Methacrylic Acid Market 2024

Methacrylic Acid Market Size in Peru

The Peruvian methacrylic acid market fell notably to $X in 2022, with a decrease of -16.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a noticeable decrease. Methacrylic acid consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Methacrylic Acid Exports

Exports from Peru

In 2018, the amount of methacrylic acid and its salts exported from Peru was estimated at X kg, remaining constant against the year before. In general, exports recorded a dramatic descent. The smallest decline of 99.9% was in 2014. Over the period under review, the exports hit record highs at X kg in 2013; however, from 2014 to 2018, the exports failed to regain momentum.

In value terms, methacrylic acid exports totaled $X in 2018. Over the period under review, exports showed a sharp reduction. The most prominent rate of growth was recorded in 2013 when exports increased by 2%. As a result, the exports reached the peak of $X. From 2014 to 2018, the growth of the exports failed to regain momentum.

Exports by Country

Spain (X kg) was the main destination for methacrylic acid exports from Peru, with a approx. 100% share of total exports.

From 2012 to 2018, the average annual growth rate of volume to Spain was relatively modest.

From 2012 to 2018, the average annual growth rate of value to Spain was relatively modest.

Export Prices by Country

In 2018, the average methacrylic acid export price amounted to $X per ton, approximately mirroring the previous year. In general, the export price posted a buoyant expansion. The pace of growth appeared the most rapid in 2013 an increase of 2% against the previous year. Over the period under review, the average export prices hit record highs in 2018 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2012 to 2018, the rate of growth in terms of prices for Ecuador amounted to +2.0% per year.

Methacrylic Acid Imports

Imports into Peru

In 2022, the amount of methacrylic acid and its salts imported into Peru shrank to X tons, declining by -6.1% against 2021 figures. Overall, imports recorded a noticeable setback. The most prominent rate of growth was recorded in 2018 with an increase of 20%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, methacrylic acid imports fell significantly to $X in 2022. In general, imports showed a deep slump. The growth pace was the most rapid in 2021 when imports increased by 66%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), South Korea (X tons) and the United States (X tons) were the main suppliers of methacrylic acid imports to Peru, with a combined 99.9% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +125.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest methacrylic acid suppliers to Peru were China ($X), the United States ($X) and South Korea ($X), with a combined 99.9% share of total imports.

Among the main suppliers, China, with a CAGR of +61.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average methacrylic acid import price amounted to $X per ton, reducing by -14.7% against the previous year. In general, the import price saw a mild reduction. The growth pace was the most rapid in 2021 when the average import price increased by 46%. 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.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea ($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 United States (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for methacrylic acid and its salts in the world?

Germany constituted the country with the largest volume of methacrylic acid consumption, accounting for 39% of total volume. Moreover, methacrylic acid consumption in Germany exceeded the figures recorded by the second-largest consumer, France, threefold. Malaysia ranked third in terms of total consumption with a 7.3% share.

What are the largest producers of methacrylic acid and its salts in the world?

The country with the largest volume of methacrylic acid production was Germany, accounting for 56% of total volume. Moreover, methacrylic acid production in Germany exceeded the figures recorded by the second-largest producer, South Korea, fourfold. The third position in this ranking was occupied by Thailand, with a 9.1% share.

What are the leading suppliers of methacrylic acid and its salts to Peru?

In value terms, the United States constituted the largest supplier of methacrylic acid to Peru, comprising 85% of total imports. The second position in the ranking was occupied by the Netherlands, with a 15% share of total imports.

What is the average export price for methacrylic acid and its salts in Peru?

The average methacrylic acid export price stood at $16,286 per ton in 2018, approximately reflecting the previous year.

What is the average import price for methacrylic acid and its salts in Peru?

In 2021, the average methacrylic acid import price amounted to $2,622 per ton, jumping by 20% against the previous year.

This report provides an in-depth analysis of the methacrylic acid market in Peru. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143330 - Methacrylic acid and its salts

Country coverage:

Peru

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Peru
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023