Global Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size

The global polymethyl methacrylate market was estimated at $X in 2023, leveling off at the previous year. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. 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. Over the period under review, the global market reached the peak level 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 expanded modestly to $X in 2023 estimated in export price. In general, the total production indicated a measured 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, production increased by X% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 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 rose remarkably to X tons in 2023, growing by X% compared with the year before. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared 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 stood at a somewhat lower figure.

In value terms, polymethyl methacrylate exports contracted modestly to $X in 2023. In general, exports, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the global exports reached the maximum at $X in 2012; however, from 2013 to 2023, the exports remained at a 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) were the largest exporters of polymethyl methacrylate in primary forms, together achieving X% of total exports. Thailand (X tons), Belgium (X tons), Hong Kong SAR (X tons), the Netherlands (X tons) and Indonesia (X tons) took a minor share 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 ($X) remains the largest polymethyl methacrylate supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by the United States ($X), with a X% share of global exports. It was followed by Japan, with an X% share.

In South Korea, polymethyl methacrylate exports remained relatively stable over the period from 2012-2023. 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. Overall, the export price recorded a noticeable decrease. The growth pace was the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 mixed trends in the export price figures.

Polymethyl Methacrylate Imports

Imports

In 2023, global polymethyl methacrylate imports rose to X tons, with an increase of X% compared with 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of global imports remained at a lower figure.

In value terms, polymethyl methacrylate imports declined to $X in 2023. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Global imports peaked at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

China represented the main importer of polymethyl methacrylate in primary forms in the world, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2023. Malaysia (X tons) ranks second in terms of the total imports with a X% share, followed by India (X%). 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) followed a long way behind the leaders.

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. While the share of Singapore (X p.p.), Malaysia (X p.p.), India (X p.p.) and Belgium (X p.p.) increased significantly in terms of the global imports from 2012-2023, the share of China (X p.p.) displayed negative dynamics. 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.

In China, polymethyl methacrylate imports declined by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2023, the average polymethyl methacrylate import price amounted to $X per ton, reducing by X% against the previous year. In general, the import price saw a slight setback. The growth pace was the most rapid in 2021 when the average import price increased by X%. Global import price peaked at $X per ton in 2018; however, from 2019 to 2023, import prices remained at a 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 Malaysia (X%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform