Scandinavia: Methacrylic Acid Esters Market 2024

Methacrylic Acid Esters Market Size in Scandinavia

In 2022, the Scandinavia methacrylic acid esters market increased by less than 0.1% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +39.5% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Methacrylic Acid Esters Production in Scandinavia

In value terms, methacrylic acid esters production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with a decrease of 99.9%. The level of production peaked in 2022 and is expected to retain growth in the near future.

Methacrylic Acid Esters Exports

Exports in Scandinavia

In 2022, the amount of esters of methacrylic acid exported in Scandinavia fell notably to X tons, reducing by -84.3% against the previous year's figure. In general, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 388% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then declined sharply in the following year.

In value terms, methacrylic acid esters exports shrank dramatically to $X in 2022. Over the period under review, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 171% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell rapidly in the following year.

Exports by Country

Sweden (X tons) represented roughly 99% of total exports in 2022.

Sweden was also the fastest-growing in terms of the esters of methacrylic acid exports, with a CAGR of +9.5% from 2012 to 2022. While the share of Sweden (+22 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) also remains the largest methacrylic acid esters supplier in Scandinavia.

In Sweden, methacrylic acid esters exports expanded at an average annual rate of +14.9% over the period from 2012-2022.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, jumping by 90% against the previous year. Over the period under review, the export price saw a perceptible increase. The pace of growth was the most pronounced in 2017 when the export price increased by 147% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to +4.9% per year.

Methacrylic Acid Esters Imports

Imports in Scandinavia

In 2022, approx. X tons of esters of methacrylic acid were imported in Scandinavia; dropping by -12.2% compared with 2021 figures. The total import volume increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 17% against the previous year. The volume of import peaked at X tons in 2021, and then fell in the following year.

In value terms, methacrylic acid esters imports rose to $X in 2022. Total imports indicated a measured increase from 2012 to 2022: its value 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 increased by +64.8% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 62%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Sweden (X tons) was the main importer of esters of methacrylic acid, constituting 71% of total imports. It was distantly followed by Finland (X tons) and Norway (X tons), together achieving a 29% share of total imports.

Sweden experienced a relatively flat trend pattern with regard to volume of imports of esters of methacrylic acid. At the same time, Norway (+8.6%) and Finland (+6.5%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +8.6% from 2012-2022. Norway (+6.9 p.p.) and Finland (+6.2 p.p.) significantly strengthened its position in terms of the total imports, while Sweden saw its share reduced by -13.1% from 2012 to 2022, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported esters of methacrylic acid in Scandinavia, comprising 67% of total imports. The second position in the ranking was taken by Finland ($X), with a 20% share of total imports.

In Sweden, methacrylic acid esters imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (+11.0% per year) and Norway (+10.1% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, picking up by 18% against the previous year. Import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, methacrylic acid esters import price increased by +68.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by 43%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+4.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform