Ukraine: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in Ukraine

The Ukrainian polymethyl methacrylate market reached $X in 2022, surging by 5.4% against the previous year. In general, the total consumption indicated notable growth from 2012 to 2022: its value 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, consumption decreased by -9.7% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Polymethyl Methacrylate Production in Ukraine

In value terms, polymethyl methacrylate production totaled $X in 2022 estimated in export price. Overall, the total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 42%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Polymethyl Methacrylate Exports

Exports from Ukraine

In 2022, the amount of polymethyl methacrylate in primary forms exported from Ukraine soared to X tons, rising by 43% against the year before. In general, exports, however, recorded a abrupt shrinkage. 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 expanded modestly to $X in 2022. Overall, exports, however, showed a abrupt setback. The growth pace was the most rapid in 2021 when exports increased by 28% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Latvia (X tons), Kazakhstan (X tons) and Poland (X tons) were the main destinations of polymethyl methacrylate exports from Ukraine, with a combined 89% share of total exports. Uzbekistan, Russia, Germany and Belarus lagged somewhat behind, together accounting for a further 10%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +289.4%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) emerged as the key foreign market for polymethyl methacrylate in primary forms exports from Ukraine, comprising 59% of total exports. The second position in the ranking was held by Poland ($X), with an 18% share of total exports. It was followed by Latvia, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Kazakhstan totaled +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (0.0% per year) and Latvia (+42.2% per year).

Export Prices by Country

The average polymethyl methacrylate export price stood at $X per ton in 2022, waning by -28.3% against the previous year. Overall, the export price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2016 an increase of 2.3% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 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 Belarus ($X per ton), while the average price for exports to Latvia ($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 Kazakhstan (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.

Polymethyl Methacrylate Imports

Imports into Ukraine

In 2022, after two years of growth, there was significant decline in supplies from abroad of polymethyl methacrylate in primary forms, when their volume decreased by -84.7% to X tons. In general, imports showed a dramatic shrinkage. The growth pace was the most rapid in 2016 with an increase of 86%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, polymethyl methacrylate imports declined markedly to $X in 2022. Over the period under review, imports faced a abrupt curtailment. The growth pace was the most rapid in 2016 when imports increased by 94% against the previous year. 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 supplier of polymethyl methacrylate to Ukraine, with a 54% share of total imports. Moreover, polymethyl methacrylate imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. South Korea (X tons) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled -16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.1% per year) and South Korea (+44.6% per year).

In value terms, Germany ($X) constituted the largest supplier of polymethyl methacrylate in primary forms to Ukraine, comprising 34% of total imports. The second position in the ranking was held by France ($X), with a 16% share of total imports. It was followed by Taiwan (Chinese), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled -12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+61.7% per year) and Taiwan (Chinese) (+20.8% per year).

Import Prices by Country

In 2022, the average polymethyl methacrylate import price amounted to $X per ton, jumping by 81% against the previous year. Over the period under review, the import price enjoyed a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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