U.S. - Polymethyl Methacrylate In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
U.S. Polymethyl Methacrylate Price Reaches its Maximum at $4,821 per Ton
U.S. Polymethyl Methacrylate Export Price per Ton August 2022
In August 2022, the polymethyl methacrylate price per ton stood at $4.8 per kg, increasing by 2.2% against the previous month. Over the last seven months, it increased at an average monthly rate of +1.7%. The growth pace was the most rapid in July 2022 an increase of 22% month-to-month. Over the period under review, the average export prices hit record highs in August 2022.
There were significant differences in the average prices for the major external markets. In August 2022, the country with the highest price was Poland ($16 per kg), while the average price for exports to Malaysia ($422 per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Polymethyl Methacrylate Exports
In August 2022, overseas shipments of polymethyl methacrylate in primary forms decreased by -16.7% to 1.7K tons, falling for the second month in a row after two months of growth. Overall, exports recorded a perceptible downturn. The growth pace was the most rapid in March 2022 when exports increased by 23% against the previous month. The exports peaked at 2.6K tons in June 2022; however, from July 2022 to August 2022, the exports failed to regain momentum.
In value terms, polymethyl methacrylate exports dropped to $8M (IndexBox estimates) in August 2022. In general, exports saw a slight shrinkage. The growth pace was the most rapid in May 2022 with an increase of 18% m-o-m. As a result, the exports attained the peak of $10M. From June 2022 to August 2022, the growth of the exports remained at a somewhat lower figure.
U.S. Polymethyl Methacrylate Exports by Country
Mexico (708 tons) was the main destination for polymethyl methacrylate exports from the United States, with a 43% share of total exports. Moreover, polymethyl methacrylate exports to Mexico exceeded the volume sent to the second major destination, Canada (134 tons), fivefold. The third position in this ranking was taken by Malaysia (114 tons), with a 6.9% share.
From January 2022 to August 2022, the average monthly rate of growth in terms of volume to Mexico stood at -6.3%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Canada (-7.4% per month) and Malaysia (+3.6% per month).
In value terms, Mexico ($3.3M) remains the key foreign market for polymethyl methacrylate exports from the United States, comprising 41% of total exports. The second position in the ranking was taken by Canada ($838K), with a 10% share of total exports. It was followed by China, with a 7% share.
From January 2022 to August 2022, the average monthly rate of growth in terms of value to Mexico stood at -3.9%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Canada (-5.4% per month) and China (+6.9% per month).
This report provides an in-depth analysis of the polymethyl methacrylate market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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