United Arab Emirates: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in the United Arab Emirates

The polymethyl methacrylate market in the United Arab Emirates shrank sharply to $X in 2022, with a decrease of -28.3% against the previous year. Over the period under review, consumption, however, showed a prominent expansion. As a result, consumption attained the peak level of $X, and then contracted dramatically in the following year.

Polymethyl Methacrylate Production in the United Arab Emirates

In value terms, polymethyl methacrylate production shrank to $X in 2022 estimated in export price. Over the period under review, production enjoyed a remarkable increase. The pace of growth was the most pronounced in 2015 when the production volume increased by 112% against the previous year. Polymethyl methacrylate production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Polymethyl Methacrylate Exports

Exports from the United Arab Emirates

In 2022, polymethyl methacrylate exports from the United Arab Emirates rose sharply to X tons, surging by 7.7% on 2021. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 293%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, polymethyl methacrylate exports stood at $X in 2022. Over the period under review, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 229% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons), Hong Kong SAR (X tons) and Jordan (X tons) were the main destinations of polymethyl methacrylate exports from the United Arab Emirates, together accounting for 90% of total exports. Australia, South Africa and Egypt lagged somewhat behind, together accounting for a further 9.9%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +100.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Hong Kong SAR ($X) and Jordan ($X) were the largest markets for polymethyl methacrylate exported from the United Arab Emirates worldwide, with a combined 88% share of total exports. Australia, South Africa and Egypt lagged somewhat behind, together accounting for a further 11%.

Australia, with a CAGR of +97.9%, saw the highest growth rate of 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 polymethyl methacrylate export price stood at $X per ton in 2022, falling by -6.3% against the previous year. In general, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 59%. Over the period under review, the average export prices hit record highs 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 Jordan ($X per ton), while the average price for exports to Hong Kong SAR ($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 Bulgaria (+15.2%), while the prices for the other major destinations experienced mixed trend patterns.

Polymethyl Methacrylate Imports

Imports into the United Arab Emirates

In 2022, after four years of growth, there was significant decline in purchases abroad of polymethyl methacrylate in primary forms, when their volume decreased by -29.6% to X tons. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 217% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then contracted remarkably in the following year.

In value terms, polymethyl methacrylate imports contracted remarkably to $X in 2022. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 150% against the previous year. As a result, imports reached the peak of $X, and then reduced notably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest polymethyl methacrylate supplier to the United Arab Emirates, accounting for a 81% share of total imports. Moreover, polymethyl methacrylate imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +146.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+6.5% per year) and the United States (+34.0% per year).

In value terms, China ($X) constituted the largest supplier of polymethyl methacrylate in primary forms to the United Arab Emirates, comprising 83% of total imports. The second position in the ranking was held by the United States ($X), with an 8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +121.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+36.0% per year) and India (-5.9% per year).

Import Prices by Country

In 2022, the average polymethyl methacrylate import price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price recorded a deep reduction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 31%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($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 (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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