Spain: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in Spain

In 2022, after two years of growth, there was significant decline in the Spanish polymethyl methacrylate market, when its value decreased by -14.7% to $X. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Polymethyl Methacrylate Production in Spain

In value terms, polymethyl methacrylate production reduced to $X in 2022 estimated in export price. Over the period under review, the total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +54.8% against 2016 indices. The growth pace was the most rapid in 2021 when the production volume increased by 32% against the previous year. As a result, production attained the peak level of $X, and then dropped in the following year.

Polymethyl Methacrylate Exports

Exports from Spain

In 2022, approx. X tons of polymethyl methacrylate in primary forms were exported from Spain; increasing by 4.3% compared with 2021 figures. Overall, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 32%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, polymethyl methacrylate exports soared to $X in 2022. Over the period under review, exports showed strong growth. The pace of growth was the most pronounced in 2013 with an increase of 68%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Portugal (X tons) was the main destination for polymethyl methacrylate exports from Spain, accounting for a 30% share of total exports. Moreover, polymethyl methacrylate exports to Portugal exceeded the volume sent to the second major destination, Morocco (X tons), twofold. France (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Portugal amounted to +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+28.8% per year) and France (+12.5% per year).

In value terms, Portugal ($X), Germany ($X) and France ($X) were the largest markets for polymethyl methacrylate exported from Spain worldwide, with a combined 48% share of total exports. These countries were followed by the Netherlands, Morocco, Italy and Indonesia, which together accounted for a further 28%.

Indonesia, with a CAGR of +2,889.6%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average polymethyl methacrylate export price amounted to $X per ton, increasing by 22% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2013 an increase of 27% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Indonesia ($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 Germany (+12.2%), while the prices for the other major destinations experienced mixed trend patterns.

Polymethyl Methacrylate Imports

Imports into Spain

In 2022, supplies from abroad of polymethyl methacrylate in primary forms decreased by -13% to X tons, falling for the second consecutive year after two years of growth. Overall, total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -20.9% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 45% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, polymethyl methacrylate imports fell to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +11.2% against 2019 indices. The pace of growth was the most pronounced in 2017 when imports increased by 35%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons), Germany (X tons) and South Korea (X tons) were the main suppliers of polymethyl methacrylate imports to Spain, with a combined 76% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +170.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polymethyl methacrylate suppliers to Spain were Germany ($X), Saudi Arabia ($X) and South Korea ($X), together accounting for 69% of total imports.

Saudi Arabia, with a CAGR of +148.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, picking up by 11% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 26%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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