Report Update Nov 1, 2024

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

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SADC: Methacrylic Acid Market 2024

Methacrylic Acid Market Size in SADC

The SADC methacrylic acid market contracted modestly to $X in 2022, declining by -2.4% against the previous year. In general, consumption recorded a perceptible contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Methacrylic Acid Production in SADC

In value terms, methacrylic acid production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a perceptible setback. The pace of growth appeared the most rapid in 2016 when the production volume increased by 8.1%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Methacrylic Acid Exports

Exports in SADC

After two years of growth, shipments abroad of methacrylic acid and its salts decreased by -91.6% to X kg in 2022. Overall, exports faced a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 3,030% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, methacrylic acid exports declined notably to $X in 2022. Over the period under review, exports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 2,128%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa represented the key exporter of methacrylic acid and its salts in SADC, with the volume of exports recording X kg, which was near 78% of total exports in 2022. It was distantly followed by Swaziland (X kg), generating a 22% share of total exports.

South Africa was also the fastest-growing in terms of the methacrylic acid and its salts exports, with a CAGR of -8.7% from 2012 to 2022. Swaziland (-34.6%) illustrated a downward trend over the same period. While the share of South Africa (+67 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Swaziland (-66.8 p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest methacrylic acid supplier in SADC, comprising 81% of total exports. The second position in the ranking was taken by Swaziland ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at -14.0%.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, surging by 8.7% against the previous year. Overall, the export price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2019 when the export price increased by 99%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Swaziland stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-5.8%).

Methacrylic Acid Imports

Imports in SADC

In 2022, imports of methacrylic acid and its salts in SADC dropped to X tons, declining by -7% against the previous year's figure. Over the period under review, imports saw a slight decline. The most prominent rate of growth was recorded in 2021 with an increase of 38%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, methacrylic acid imports reduced to $X in 2022. In general, imports continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2021 when imports increased by 71%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X tons) represented the key importer of methacrylic acid and its salts in SADC, achieving 100% of total import.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of methacrylic acid and its salts. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported methacrylic acid and its salts in SADC.

In South Africa, methacrylic acid imports shrank by an average annual rate of -2.8% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, surging by 6.2% against the previous year. Over the period under review, the import price, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2017 an increase of 40%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to -1.9% per year.

Source: IndexBox Platform

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

Angola
Botswana
Comoros
Democratic Republic of the Congo
Lesotho
Madagascar
Malawi
Mauritius
Mozambique
Namibia
Seychelles
South Africa
Swaziland
Tanzania
Zambia
Zimbabwe

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in SADC, split by region and country
Trade (exports and imports) in SADC
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. CONSUMPTION BY COUNTRY
3. 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
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
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
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Angola
- Botswana
- Comoros
- Democratic Republic of the Congo
- Lesotho
- Madagascar
- Malawi
- Mauritius
- Mozambique
- Namibia
- Seychelles
- South Africa
- Swaziland
- Tanzania
- Zambia
- Zimbabwe
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, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023