Europe: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in Europe

In 2023, the Europe polymethyl methacrylate market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level in 2023 and is likely to see steady growth in years to come.

Polymethyl Methacrylate Production in Europe

In value terms, polymethyl methacrylate production reached $X in 2023 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2012; afterwards, it flattened through to 2023.

Polymethyl Methacrylate Exports

Exports in Europe

After two years of decline, overseas shipments of polymethyl methacrylate in primary forms increased by X% to X tons in 2023. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, polymethyl methacrylate exports rose rapidly to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Belgium (X tons) and Italy (X tons) represented the largest exporters of polymethyl methacrylate in primary forms in Europe, together finishing at approx. X% of total exports. The Netherlands (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Poland (X%). Slovenia (X tons), Switzerland (X tons) and France (X tons) held a minor share of total exports.

From 2012 to 2023, the biggest increases were recorded for Slovenia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest polymethyl methacrylate supplying countries in Europe were Italy ($X), Belgium ($X) and the Netherlands ($X), with a combined X% share of total exports.

Among the main exporting countries, the Netherlands, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per ton in 2023, dropping by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

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

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

Polymethyl Methacrylate Imports

Imports in Europe

In 2023, purchases abroad of polymethyl methacrylate in primary forms increased by X% to X tons, rising for the fourth consecutive year after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in years to come.

In value terms, polymethyl methacrylate imports stood at $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Imports by Country

The countries with the highest levels of polymethyl methacrylate imports in 2023 were Germany (X tons), Belgium (X tons), Spain (X tons), Poland (X tons), Russia (X tons), Bulgaria (X tons), Italy (X tons), the Netherlands (X tons), the Czech Republic (X tons), France (X tons), Slovakia (X tons) and Austria (X tons), together amounting to X% of total import.

From 2012 to 2023, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Poland ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Spain, Belgium, the Czech Republic, France, the Netherlands, Russia, Slovakia, Bulgaria and Austria lagged somewhat behind, together accounting for a further X%.

Bulgaria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2023, declining by X% against the previous year. Over the period under review, the import price recorded a slight decrease. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform