United Arab Emirates: Methacrylic Acid Esters Market 2024

Methacrylic Acid Esters Market Size in the United Arab Emirates

The methacrylic acid esters market in the United Arab Emirates declined significantly to $X in 2022, with a decrease of -22.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, enjoyed a strong expansion. As a result, consumption reached the peak level of $X, and then dropped rapidly in the following year.

Methacrylic Acid Esters Exports

Exports from the United Arab Emirates

In 2022, exports of esters of methacrylic acid from the United Arab Emirates expanded modestly to X tons, increasing by 2.8% on the previous year. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 579%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, methacrylic acid esters exports dropped significantly to $X in 2022. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2018 with an increase of 692%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for methacrylic acid esters exports from the United Arab Emirates, with a 46% share of total exports. Moreover, methacrylic acid esters exports to Spain exceeded the volume sent to the second major destination, the Netherlands (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Spain was relatively modest.

In value terms, Spain ($X) emerged as the key foreign market for esters of methacrylic acid exports from the United Arab Emirates, comprising 45% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 9.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain was relatively modest.

Export Prices by Country

In 2022, the average methacrylic acid esters export price amounted to $X per ton, shrinking by -17.7% against the previous year. In general, the export price continues to indicate a perceptible downturn. The growth pace was the most rapid in 2021 when the average export price increased by 53%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Spain stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Methacrylic Acid Esters Imports

Imports into the United Arab Emirates

In 2022, after two years of growth, there was significant decline in overseas purchases of esters of methacrylic acid, when their volume decreased by -14.6% to X tons. In general, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 54%. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, methacrylic acid esters imports declined remarkably to $X in 2022. Over the period under review, imports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by 100%. As a result, imports reached the peak of $X, and then dropped markedly in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest methacrylic acid esters supplier to the United Arab Emirates, accounting for a 50% share of total imports. Moreover, methacrylic acid esters imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. India (X tons) ranked third in terms of total imports with a 21% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+32.0% per year) and India (+154.3% per year).

In value terms, the United States ($X) constituted the largest supplier of esters of methacrylic acid to the United Arab Emirates, comprising 52% of total imports. The second position in the ranking was held by China ($X), with a 25% share of total imports. It was followed by India, with a 17% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+31.5% per year) and India (+143.9% per year).

Import Prices by Country

The average methacrylic acid esters import price stood at $X per ton in 2022, which is down by -12.1% against the previous year. In general, the import price recorded a mild downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 41% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for South Korea ($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 (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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