Romania: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in Romania

After two years of decline, the Romanian polymethyl methacrylate market increased by 0.4% to $X in 2022. Overall, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -11.9% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Polymethyl Methacrylate Production in Romania

In value terms, polymethyl methacrylate production dropped modestly to $X in 2022 estimated in export price. In general, production, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 62% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Polymethyl Methacrylate Exports

Exports from Romania

In 2022, the amount of polymethyl methacrylate in primary forms exported from Romania declined rapidly to X tons, shrinking by -32.7% against the year before. In general, exports, however, posted prominent growth. The growth pace was the most rapid in 2015 when exports increased by 84%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, polymethyl methacrylate exports fell dramatically to $X in 2022. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2015 when exports increased by 421%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for polymethyl methacrylate exports from Romania, with a 65% share of total exports. Moreover, polymethyl methacrylate exports to Germany exceeded the volume sent to the second major destination, India (X tons), sixfold. The third position in this ranking was taken by Turkey (X tons), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +64.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+157.3% per year) and Turkey (-11.4% per year).

In value terms, Germany ($X) remains the key foreign market for polymethyl methacrylate in primary forms exports from Romania, comprising 91% of total exports. The second position in the ranking was held by India ($X), with a 1.7% share of total exports. It was followed by France, with a 1.6% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +76.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+100.4% per year) and France (-1.5% per year).

Export Prices by Country

The average polymethyl methacrylate export price stood at $X per ton in 2022, with an increase of 15% against the previous year. Overall, the export price continues to indicate a significant increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 264% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to China ($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 Italy (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.

Polymethyl Methacrylate Imports

Imports into Romania

In 2022, supplies from abroad of polymethyl methacrylate in primary forms was finally on the rise to reach X tons after three years of decline. In general, total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -38.4% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 35%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, polymethyl methacrylate imports expanded markedly to $X in 2022. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.1% 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 +20.0% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 54%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), Italy (X tons) and Slovenia (X tons) were the main suppliers of polymethyl methacrylate imports to Romania, with a combined 91% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +78.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of polymethyl methacrylate in primary forms to Romania, comprising 59% of total imports. The second position in the ranking was held by Italy ($X), with a 27% share of total imports. It was followed by Slovenia, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.0% per year) and Slovenia (+69.2% per year).

Import Prices by Country

The average polymethyl methacrylate import price stood at $X per ton in 2022, growing by 8.8% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polymethyl methacrylate import price increased by +36.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 25% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Slovenia ($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 Netherlands (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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