Report Update Nov 1, 2024

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

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Russian Federation: Methacrylic Acid Market 2024

Methacrylic Acid Market Size in the Russian Federation

In 2022, the Russian methacrylic acid market decreased by -24.5% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate prominent growth. As a result, consumption attained the peak level of $X, and then reduced dramatically in the following year.

Methacrylic Acid Exports

Exports from the Russian Federation

In 2021, approx. X tons of methacrylic acid and its salts were exported from Russia; increasing by 5,129% on the previous year's figure. Over the period under review, exports saw prominent growth. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, methacrylic acid exports surged to $X in 2021. Overall, exports enjoyed a remarkable increase. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for methacrylic acid exports from Russia, accounting for a 88% share of total exports. Moreover, methacrylic acid exports to Italy exceeded the volume sent to the second major destination, Kazakhstan (X tons), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+34.7% per year) and Belarus (-32.7% per year).

In value terms, Italy ($X) emerged as the key foreign market for methacrylic acid and its salts exports from Russia, comprising 88% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+41.7% per year) and Belarus (-18.6% per year).

Export Prices by Country

The average methacrylic acid export price stood at $X per ton in 2021, increasing by 7% against the previous year. Over the period under review, the export price saw pronounced growth. The pace of growth was the most pronounced in 2018 an increase of 110%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.

Methacrylic Acid Imports

Imports into the Russian Federation

In 2022, supplies from abroad of methacrylic acid and its salts decreased by -16% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 95% against the previous year. As a result, imports reached the peak of X tons, and then reduced sharply in the following year.

In value terms, methacrylic acid imports declined dramatically to $X in 2022. Over the period under review, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 145% against the previous year. As a result, imports attained the peak of $X, and then shrank dramatically in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest methacrylic acid supplier to Russia, accounting for a 85% share of total imports. Moreover, methacrylic acid imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +30.1%.

In value terms, China ($X) constituted the largest supplier of methacrylic acid and its salts to Russia, comprising 86% of total imports. The second position in the ranking was held by South Korea ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +28.4%.

Import Prices by Country

The average methacrylic acid import price stood at $X per ton in 2022, falling by -16.1% against the previous year. Over the period under review, the import price showed a mild shrinkage. The pace of growth was the most pronounced in 2017 an increase of 59%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for South Korea amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.4%), 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 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?

Germany remains the largest methacrylic acid producing country worldwide, comprising approx. 56% of total volume. Moreover, methacrylic acid production in Germany exceeded the figures recorded by the second-largest producer, South Korea, fourfold. Thailand ranked third in terms of total production with a 9.1% share.

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

In value terms, China constituted the largest supplier of methacrylic acid to Russia, comprising 51% of total imports. The second position in the ranking was occupied by South Korea, with an 18% share of total imports. It was followed by Germany, with a 14% share.

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

The average methacrylic acid export price stood at $2,693 per ton in 2021, with a decrease of -54.8% against the previous year.

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

In 2021, the average methacrylic acid import price amounted to $2,834 per ton, picking up by 66% against the previous year.

This report provides an in-depth analysis of the methacrylic acid market in the Russian Federation. 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:

Russia

Data coverage:

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

Reasons to buy this report:

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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
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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