Portugal: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in Portugal

The Portuguese polymethyl methacrylate market dropped to $X in 2022, shrinking by -8.7% against the previous year. Overall, consumption, however, continues to indicate a resilient increase. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Polymethyl Methacrylate Production in Portugal

In value terms, polymethyl methacrylate production amounted to $X in 2022 estimated in export price. Overall, production saw a remarkable increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 33% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Polymethyl Methacrylate Exports

Exports from Portugal

In 2022, exports of polymethyl methacrylate in primary forms from Portugal surged to X tons, picking up by 42% against 2021. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 963%. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, polymethyl methacrylate exports surged to $X in 2022. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 563% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X tons), Algeria (X tons) and Ghana (X tons) were the main destinations of polymethyl methacrylate exports from Portugal, with a combined 81% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of +156.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polymethyl methacrylate exported from Portugal were Spain ($X), Mexico ($X) and Ghana ($X), together comprising 82% of total exports.

In terms of the main countries of destination, Ghana, with a CAGR of +179.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average polymethyl methacrylate export price amounted to $X per ton, flattening at the previous year. Overall, the export price, however, continues to indicate a pronounced setback. The growth pace was the most rapid in 2021 an increase of 91% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Algeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+53.2%), while the prices for the other major destinations experienced more modest paces of growth.

Polymethyl Methacrylate Imports

Imports into Portugal

In 2022, approx. X tons of polymethyl methacrylate in primary forms were imported into Portugal; which is down by -6.8% against the previous year's figure. In general, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.9% 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 +16.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 24% against the previous year. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, polymethyl methacrylate imports fell to $X in 2022. Overall, imports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 40%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

Italy (X tons), South Korea (X tons) and Germany (X tons) were the main suppliers of polymethyl methacrylate imports to Portugal, together comprising 81% of total imports. Spain, France, China and Brazil lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +243.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and South Korea ($X) constituted the largest polymethyl methacrylate suppliers to Portugal, with a combined 81% share of total imports. Spain, France, China and Brazil lagged somewhat behind, together accounting for a further 17%.

Among the main suppliers, Brazil, with a CAGR of +237.3%, 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

In 2022, the average polymethyl methacrylate import price amounted to $X per ton, with an increase of 6.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2017 when the average import price increased by 20% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :