SADC: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in SADC

The SADC polymethyl methacrylate market reduced modestly to $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Polymethyl Methacrylate Production in SADC

In value terms, polymethyl methacrylate production rose slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2016 with an increase of 23%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Polymethyl Methacrylate Exports

Exports in SADC

In 2022, approx. X tons of polymethyl methacrylate in primary forms were exported in SADC; rising by 51% on the previous year's figure. Over the period under review, exports, however, continue to indicate a precipitous descent. The pace of growth was the most pronounced in 2018 with an increase of 79%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, polymethyl methacrylate exports soared to $X in 2022. Overall, exports, however, saw a precipitous curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 158%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa was the key exporting country with an export of about X tons, which accounted for 64% of total exports. It was distantly followed by Tanzania (X tons), mixing up a 36% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Tanzania (with a CAGR of +9.5%).

In value terms, South Africa ($X) remains the largest polymethyl methacrylate supplier in SADC, comprising 70% of total exports. The second position in the ranking was taken by Tanzania ($X), with a 30% share of total exports.

In South Africa, polymethyl methacrylate exports contracted by an average annual rate of -41.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, with an increase of 5.8% against the previous year. In general, the export price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2018 when the export price increased by 44% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Tanzania amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (-2.8%).

Polymethyl Methacrylate Imports

Imports in SADC

In 2022, imports of polymethyl methacrylate in primary forms in SADC shrank sharply to X tons, reducing by -17% compared with the previous year's figure. In general, imports saw a mild shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 36%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, polymethyl methacrylate imports contracted to $X in 2022. Overall, imports saw a pronounced setback. The pace of growth appeared the most rapid in 2014 when imports increased by 38%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Africa dominates imports structure, amounting to X tons, which was approx. 81% of total imports in 2022. It was distantly followed by Tanzania (X tons), generating an 8.7% share of total imports. Zambia (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to polymethyl methacrylate imports into South Africa stood at -1.2%. At the same time, Tanzania (+4.6%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in SADC, with a CAGR of +4.6% from 2012-2022. Zambia experienced a relatively flat trend pattern. While the share of South Africa (+4.7 p.p.) and Tanzania (+4.1 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported polymethyl methacrylate in primary forms in SADC, comprising 86% of total imports. The second position in the ranking was held by Tanzania ($X), with a 6.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to -2.3%. The remaining importing countries recorded the following average annual rates of imports growth: Tanzania (+8.2% per year) and Zambia (-3.1% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, with an increase of 7.4% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 28%. The level of import peaked 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 destination: amid the top importers, the country with the highest price was South Africa ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+3.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform