MENA: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in MENA

In 2023, the MENA's polymethyl methacrylate market increased by X% to $X for the first time since 2020, thus ending a two-year declining trend. Overall, consumption, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2023, consumption failed to regain momentum.

Polymethyl Methacrylate Production in MENA

In value terms, polymethyl methacrylate production reduced to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2023, production growth remained at a somewhat lower figure.

Polymethyl Methacrylate Exports

Exports in MENA

In 2023, overseas shipments of polymethyl methacrylate in primary forms were finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Overall, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, polymethyl methacrylate exports rose to $X in 2023. Over the period under review, exports saw a prominent expansion. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, amounting to X tons, which was near X% of total exports in 2023. Bahrain (X tons) ranks second in terms of the total exports with a X% share, followed by Turkey (X%) and Egypt (X%). The following exporters - Israel (X tons) and Morocco (X tons) - each recorded an X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to polymethyl methacrylate exports from the United Arab Emirates stood at X%. At the same time, Morocco (X%), Bahrain (X%), Egypt (X%), Israel (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of the United Arab Emirates, Bahrain, Morocco and Egypt increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) emerged as the largest polymethyl methacrylate supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Egypt, with an X% share.

In the United Arab Emirates, polymethyl methacrylate exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Egypt (X% per year).

Export Prices by Country

In 2023, the export price in MENA amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price continues to indicate a slight downturn. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2023, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Morocco ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced more modest paces of growth.

Polymethyl Methacrylate Imports

Imports in MENA

After two years of decline, supplies from abroad of polymethyl methacrylate in primary forms increased by X% to X tons in 2023. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The volume of import peaked at X tons in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

In value terms, polymethyl methacrylate imports totaled $X in 2023. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2023, imports failed to regain momentum.

Imports by Country

Turkey represented the main importer of polymethyl methacrylate in primary forms in MENA, with the volume of imports resulting at X tons, which was near X% of total imports in 2023. Israel (X tons) held the second position in the ranking, followed by the United Arab Emirates (X tons), Morocco (X tons) and Oman (X tons). All these countries together held approx. X% share of total imports. The following importers - Qatar (X tons) and Saudi Arabia (X tons) - each reached an X% share of total imports.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, Morocco (X%), the United Arab Emirates (X%) and Oman (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. Qatar experienced a relatively flat trend pattern. By contrast, Israel (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. Turkey (X p.p.), the United Arab Emirates (X p.p.), Morocco (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total imports, while Saudi Arabia and Israel saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported polymethyl methacrylate in primary forms in MENA, comprising X% of total imports. The second position in the ranking was held by Israel ($X), with a X% share of total imports. It was followed by Morocco, with a X% share.

In Turkey, polymethyl methacrylate imports expanded at 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: Israel (X% per year) and Morocco (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the import price recorded a slight setback. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2023, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform