Sweden: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in Sweden

In 2022, the Swedish polymethyl methacrylate market increased by 11% to $X, rising for the second year in a row after two years of decline. In general, consumption saw a strong expansion. Polymethyl methacrylate consumption peaked in 2022 and is expected to retain growth in the immediate term.

Polymethyl Methacrylate Production in Sweden

In value terms, polymethyl methacrylate production totaled $X in 2022 estimated in export price. Over the period under review, production, however, posted a strong increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 97% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Polymethyl Methacrylate Exports

Exports from Sweden

In 2022, the amount of polymethyl methacrylate in primary forms exported from Sweden fell to X tons, dropping by -10% against 2021. Overall, exports saw a perceptible decline. The most prominent rate of growth was recorded in 2021 when exports increased by 49%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, polymethyl methacrylate exports reduced slightly to $X in 2022. In general, total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +32.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 37% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Finland (X tons), Denmark (X tons) and Norway (X tons) were the main destinations of polymethyl methacrylate exports from Sweden, together comprising 76% of total exports. These countries were followed by Malaysia, Switzerland, the United States and Spain, which together accounted for a further 19%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +74.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polymethyl methacrylate exported from Sweden were Denmark ($X), Finland ($X) and Norway ($X), with a combined 76% share of total exports. Switzerland, the United States, Spain and Malaysia lagged somewhat behind, together accounting for a further 15%.

In terms of the main countries of destination, the United States, with a CAGR of +82.6%, saw the highest growth rate of the value of exports, 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 7.4% against the previous year. In general, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polymethyl methacrylate export price decreased by -1.3% against 2020 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Malaysia ($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 Switzerland (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Polymethyl Methacrylate Imports

Imports into Sweden

In 2022, supplies from abroad of polymethyl methacrylate in primary forms increased by 8.9% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.3% 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 +78.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 64% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, polymethyl methacrylate imports rose remarkably to $X in 2022. In general, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 +78.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 61%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

The United States (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of polymethyl methacrylate imports to Sweden, together accounting for 84% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +43.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest polymethyl methacrylate suppliers to Sweden, together accounting for 85% of total imports.

Among the main suppliers, the United States, with a CAGR of +41.1%, 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

The average polymethyl methacrylate import price stood at $X per ton in 2022, with an increase of 2.1% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 23% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Spain ($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 (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :