Report Update Nov 1, 2024

Philippines - Esters of Methacrylic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Methacrylic Acid Esters Market 2024

Methacrylic Acid Esters Market Size in the Philippines

The Philippine methacrylic acid esters market contracted to $X in 2022, with a decrease of -5.9% 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). In general, consumption, however, saw prominent growth. Methacrylic acid esters consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Methacrylic Acid Esters Exports

Exports from the Philippines

Methacrylic acid esters exports from the Philippines amounted to X tons in 2022, surging by 6.3% on 2021. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 674% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, methacrylic acid esters exports stood at $X in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 855% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2018 to 2022, the average annual rate of growth in terms of volume to China stood at +90.8%.

In value terms, China ($X) also remains the key foreign market for esters of methacrylic acid exports from the Philippines.

From 2018 to 2022, the average annual rate of growth in terms of value to China totaled +104.0%.

Export Prices by Country

The average methacrylic acid esters export price stood at $X per ton in 2022, with an increase of 4.3% against the previous year. Over the last four years, it increased at an average annual rate of +6.8%. The pace of growth was the most pronounced in 2019 an increase of 23% against the previous year. Over the period under review, the average export prices hit record highs in 2022 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 China.

From 2018 to 2022, the rate of growth in terms of prices for China amounted to +6.9% per year.

Methacrylic Acid Esters Imports

Imports into the Philippines

In 2022, approx. X tons of esters of methacrylic acid were imported into the Philippines; shrinking by -3.5% on the year before. In general, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 109%. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, methacrylic acid esters imports reduced to $X in 2022. Over the period under review, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 127% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Singapore (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of methacrylic acid esters imports to the Philippines, together accounting for 88% of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +27.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest methacrylic acid esters suppliers to the Philippines were Singapore ($X), Japan ($X) and Taiwan (Chinese) ($X), with a combined 87% share of total imports.

Among the main suppliers, Japan, with a CAGR of +32.3%, 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 more modest paces of growth.

Import Prices by Country

The average methacrylic acid esters import price stood at $X per ton in 2022, which is down by -1.9% against the previous year. Over the period under review, the import price saw a slight downturn. The most prominent rate of growth was recorded in 2017 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 remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per ton) and Thailand ($X per ton), while the price for South Korea ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for esters of methacrylic acid in the world?

The countries with the highest volumes of methacrylic acid esters consumption in 2020 were China, Singapore and the United States, together comprising 30% of global consumption.

What are the largest producers of esters of methacrylic acid in the world?

The countries with the highest volumes of methacrylic acid esters production in 2020 were Singapore, the UK and the United States, with a combined 46% share of global production. Japan, Saudi Arabia, Thailand and Germany lagged somewhat behind, together comprising a further 45%.

What are the leading suppliers of esters of methacrylic acid to the Philippines?

In value terms, Singapore, Taiwan Chinese) and Japan constituted the largest methacrylic acid esters suppliers to the Philippines, together accounting for 87% of total imports.

What is the average export price for esters of methacrylic acid in the Philippines?

The average methacrylic acid esters export price stood at $1,205 per ton in 2020, leveling off at the previous year.

What is the average import price for esters of methacrylic acid in the Philippines?

In 2020, the average methacrylic acid esters import price amounted to $1,458 per ton, waning by -20.2% against the previous year.

This report provides an in-depth analysis of the methacrylic acid esters market in the Philippines. 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 20143340 - Esters of methacrylic acid

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
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