Global Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size

The global polymethyl methacrylate market fell to $X in 2023, approximately mirroring the previous year. Overall, the total consumption indicated a perceptible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Global consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Polymethyl Methacrylate Production

In value terms, polymethyl methacrylate production reached $X in 2023 estimated in export price. In general, the total production indicated tangible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Global production peaked at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Polymethyl Methacrylate Exports

Exports

Global polymethyl methacrylate exports expanded sharply to X tons in 2023, picking up by X% against the previous year. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by X%. The global exports peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, polymethyl methacrylate exports shrank to $X in 2023. Overall, exports, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The global exports peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, South Korea (X tons), distantly followed by Singapore (X tons), Japan (X tons), China (X tons), the United States (X tons), Taiwan (Chinese) (X tons) and Malaysia (X tons) represented the main exporters of polymethyl methacrylate in primary forms, together mixing up X% of total exports. The following exporters - Thailand (X tons), Belgium (X tons), Hong Kong SAR (X tons), the Netherlands (X tons) and Indonesia (X tons) - together made up X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belgium (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, South Korea ($X) remains the largest polymethyl methacrylate supplier worldwide, comprising X% of global exports. The second position in the ranking was held by the United States ($X), with a X% share of global exports. It was followed by Japan, with a X% share.

From 2012 to 2023, the average annual growth rate of value in South Korea was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (X% per year) and Japan (X% per year).

Export Prices by Country

The average polymethyl methacrylate export price stood at $X per ton in 2023, reducing by X% against the previous year. In general, the export price showed a perceptible slump. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The global export price peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other global leaders experienced a decline in the export price figures.

Polymethyl Methacrylate Imports

Imports

Global polymethyl methacrylate imports totaled X tons in 2023, with an increase of X% against 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, global imports reached the peak figure at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, polymethyl methacrylate imports fell to $X in 2023. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Global imports peaked at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

China represented the main importing country with an import of around X tons, which recorded X% of total imports. Malaysia (X tons) ranks second in terms of the total imports with a X% share, followed by India (X%). The following importers - Singapore (X tons), Mexico (X tons), Germany (X tons), Turkey (X tons), Belgium (X tons), Spain (X tons), Taiwan (Chinese) (X tons), Indonesia (X tons), Japan (X tons) and the United States (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to polymethyl methacrylate imports into China stood at X%. At the same time, Singapore (X%), Belgium (X%), Japan (X%), Malaysia (X%), India (X%), Turkey (X%), Spain (X%), Germany (X%), Mexico (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. The United States and Taiwan (Chinese) experienced a relatively flat trend pattern. From 2012 to 2023, the share of Singapore, Malaysia, India, Belgium and Turkey increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported polymethyl methacrylate in primary forms worldwide, comprising X% of global imports. The second position in the ranking was held by Mexico ($X), with a X% share of global imports. It was followed by Malaysia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China stood at X%. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Malaysia (X% per year).

Import Prices by Country

The average polymethyl methacrylate import price stood at $X per ton in 2023, dropping by X% against the previous year. In general, the import price recorded a mild decline. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform