U.S.: Methacrylic Acid Esters Market 2024

Methacrylic Acid Esters Market Size in the U.S.

The U.S. methacrylic acid esters market dropped significantly to $X in 2022, waning by -19.4% against the previous year. Over the period under review, consumption, however, posted a resilient expansion. As a result, consumption reached the peak level of $X, and then declined significantly in the following year.

Methacrylic Acid Esters Production in the U.S.

In value terms, methacrylic acid esters production fell modestly to $X in 2022. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 19% against the previous year. Methacrylic acid esters production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Methacrylic Acid Esters Exports

Exports from the U.S.

In 2022, methacrylic acid esters exports from the United States surged to X tons, jumping by 38% against the previous year's figure. Overall, exports, however, recorded a slight shrinkage. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, methacrylic acid esters exports surged to $X in 2022. Over the period under review, total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X tons), Mexico (X tons) and Canada (X tons) were the main destinations of methacrylic acid esters exports from the United States, with a combined 71% share of total exports. Turkey, India, the United Arab Emirates, Taiwan (Chinese), Colombia, Japan, China and Australia lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +11.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for methacrylic acid esters exported from the United States were Mexico ($X), Belgium ($X) and Canada ($X), with a combined 73% share of total exports. Turkey, the United Arab Emirates, Japan, India, Taiwan (Chinese), China, Colombia and Australia lagged somewhat behind, together comprising a further 17%.

The United Arab Emirates, with a CAGR of +15.1%, recorded 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

In 2022, the average methacrylic acid esters export price amounted to $X per ton, increasing by 17% against the previous year. Overall, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.6% 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 export price increased by +81.4% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 55% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to India ($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 Australia (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Methacrylic Acid Esters Imports

Imports into the U.S.

In 2022, methacrylic acid esters imports into the United States fell dramatically to X tons, with a decrease of -39.5% on 2021 figures. Overall, imports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 200% against the previous year. As a result, imports attained the peak of X tons, and then declined dramatically in the following year.

In value terms, methacrylic acid esters imports reduced notably to $X in 2022. In general, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 201%. As a result, imports reached the peak of $X, and then shrank sharply in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest methacrylic acid esters supplier to the United States, accounting for a 33% share of total imports. Moreover, methacrylic acid esters imports from Germany exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), threefold. Japan (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+138.1% per year) and Japan (+3.3% per year).

In value terms, Germany ($X), Saudi Arabia ($X) and Singapore ($X) appeared to be the largest methacrylic acid esters suppliers to the United States, with a combined 52% share of total imports.

Saudi Arabia, with a CAGR of +176.1%, saw the highest growth rate of the value of imports, among 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 methacrylic acid esters import price amounted to $X per ton, growing by 35% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 Singapore ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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