Switzerland: Methacrylic Acid Esters Market 2024

Methacrylic Acid Esters Market Size in Switzerland

In 2022, the Swiss methacrylic acid esters market increased by 2.3% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, showed a prominent increase. Methacrylic acid esters consumption peaked in 2022 and is likely to continue growth in the immediate term.

Methacrylic Acid Esters Exports

Exports from Switzerland

In 2022, the amount of esters of methacrylic acid exported from Switzerland contracted rapidly to X tons, which is down by -44.4% on 2021 figures. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 128% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, methacrylic acid esters exports fell to $X in 2022. In general, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 111% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Italy (X tons) and the Netherlands (X tons) were the main destinations of methacrylic acid esters exports from Switzerland, together accounting for 42% of total exports. The Philippines, the UK, Singapore, Israel, the United States, France, India, Brazil, Poland and Panama lagged somewhat behind, together accounting for a further 52%.

From 2012 to 2022, the biggest increases were recorded for Panama (with a CAGR of +113.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for methacrylic acid esters exported from Switzerland were Germany ($X), the Netherlands ($X) and Italy ($X), together comprising 57% of total exports. The UK, Singapore, Israel, the Philippines, France, the United States, India, Brazil, Poland and Panama lagged somewhat behind, together comprising a further 39%.

Panama, with a CAGR of +64.5%, saw the highest rates of growth with regard to 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

The average methacrylic acid esters export price stood at $X per ton in 2022, growing by 68% against the previous year. Over the period under review, the export price continues to indicate a pronounced expansion. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 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 ($X per ton), while the average price for exports to Panama ($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 India (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Methacrylic Acid Esters Imports

Imports into Switzerland

In 2022, after two years of growth, there was significant decline in purchases abroad of esters of methacrylic acid, when their volume decreased by -8.5% to X tons. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its volume 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 +43.6% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 50% against the previous year. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, methacrylic acid esters imports rose modestly to $X in 2022. In general, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 83% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of methacrylic acid esters to Switzerland, accounting for a 52% share of total imports. Moreover, methacrylic acid esters imports from Germany exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. China (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+8.0% per year) and China (+52.6% per year).

In value terms, Germany ($X) constituted the largest supplier of esters of methacrylic acid to Switzerland, comprising 47% of total imports. The second position in the ranking was held by Japan ($X), with a 13% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+5.4% per year) and China (+44.5% per year).

Import Prices by Country

The average methacrylic acid esters import price stood at $X per ton in 2022, with an increase of 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2018 an increase of 31%. As a result, import price reached the peak level of $X per ton. From 2019 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 France ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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