Switzerland: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in Switzerland

In 2022, after three years of decline, there was significant growth in the Swiss polymethyl methacrylate market, when its value increased by 285% to $X. In general, consumption saw buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Polymethyl Methacrylate Production in Switzerland

In value terms, polymethyl methacrylate production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the production volume increased by 20%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Polymethyl Methacrylate Exports

Exports from Switzerland

In 2022, approx. X tons of polymethyl methacrylate in primary forms were exported from Switzerland; waning by -63.1% against the previous year's figure. Over the period under review, exports continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2021 with an increase of 76% against the previous year. As a result, the exports attained the peak of X tons, and then dropped markedly in the following year.

In value terms, polymethyl methacrylate exports contracted remarkably to $X in 2022. Overall, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for polymethyl methacrylate exports from Switzerland, accounting for a 79% share of total exports. Moreover, polymethyl methacrylate exports to Germany exceeded the volume sent to the second major destination, Austria (X tons), more than tenfold. Italy (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at -4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-1.7% per year) and Italy (+1.3% per year).

In value terms, Germany ($X) remains the key foreign market for polymethyl methacrylate in primary forms exports from Switzerland, comprising 59% of total exports. The second position in the ranking was taken by Austria ($X), with an 8.8% share of total exports. It was followed by Italy, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-1.1% per year) and Italy (-10.6% per year).

Export Prices by Country

The average polymethyl methacrylate export price stood at $X per ton in 2022, increasing by 9.5% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2018 an increase of 18% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Germany ($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 Austria (+0.6%), while the prices for the other major destinations experienced a decline.

Polymethyl Methacrylate Imports

Imports into Switzerland

In 2022, supplies from abroad of polymethyl methacrylate in primary forms decreased by -49.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by 49%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, polymethyl methacrylate imports contracted sharply to $X in 2022. In general, imports showed a pronounced downturn. The pace of growth was the most pronounced in 2016 when imports increased by 28%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest polymethyl methacrylate supplier to Switzerland, accounting for a 58% share of total imports. Moreover, polymethyl methacrylate imports from Germany exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), sixfold. South Korea (X tons) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+26.3% per year) and South Korea (+64.9% per year).

In value terms, Germany ($X) constituted the largest supplier of polymethyl methacrylate in primary forms to Switzerland, comprising 41% of total imports. The second position in the ranking was held by the United States ($X), with a 21% share of total imports. It was followed by Italy, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+10.2% per year) and Italy (-10.2% per year).

Import Prices by Country

In 2022, the average polymethyl methacrylate import price amounted to $X per ton, reducing by -13% against the previous year. Over the period under review, the import price, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2018 an increase of 40% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :