Russian Federation: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in the Russian Federation

The Russian polymethyl methacrylate market shrank to $X in 2022, dropping by -5.4% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable shrinkage. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Polymethyl Methacrylate Production in the Russian Federation

In value terms, polymethyl methacrylate production shrank to $X in 2022 estimated in export price. Overall, production showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 28%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Polymethyl Methacrylate Exports

Exports from the Russian Federation

In 2022, shipments abroad of polymethyl methacrylate in primary forms decreased by -9.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 112% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, polymethyl methacrylate exports totaled $X in 2022. In general, exports showed a perceptible slump. The most prominent rate of growth was recorded in 2017 when exports increased by 116%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Belarus (X tons) was the main destination for polymethyl methacrylate exports from Russia, accounting for a 94% share of total exports. It was followed by Mongolia (X tons), with a 2.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belarus was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mongolia (+29.7% per year) and China (+140.5% per year).

In value terms, Belarus ($X) remains the key foreign market for polymethyl methacrylate in primary forms exports from Russia, comprising 80% of total exports. The second position in the ranking was taken by Mongolia ($X), with a 9.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Belarus stood at -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mongolia (+28.8% per year) and China (+68.4% per year).

Export Prices by Country

The average polymethyl methacrylate export price stood at $X per ton in 2022, increasing by 11% against the previous year. Overall, the export price, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2019 an increase of 20% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mongolia ($X per ton), while the average price for exports to China ($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 Mongolia (-0.7%), while the prices for the other major destinations experienced a decline.

Polymethyl Methacrylate Imports

Imports into the Russian Federation

In 2022, imports of polymethyl methacrylate in primary forms into Russia reached X tons, picking up by 1.9% compared with 2021. Over the period under review, imports recorded a prominent expansion. The growth pace was the most rapid in 2014 with an increase of 163% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, polymethyl methacrylate imports declined to $X in 2022. Overall, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 191%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), Saudi Arabia (X tons) and South Korea (X tons) were the main suppliers of polymethyl methacrylate imports to Russia, together comprising 93% of total imports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +115.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polymethyl methacrylate suppliers to Russia were Germany ($X), Saudi Arabia ($X) and South Korea ($X), with a combined 86% share of total imports.

In terms of the main suppliers, Saudi Arabia, with a CAGR of +107.7%, recorded the highest growth rate of 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, dropping by -9.7% against the previous year. In general, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 24% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+16.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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