Report Update: May 1, 2024

China - Esters Of Methacrylic Acid - Market Analysis, Forecast, Size, Trends And Insights

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Methacrylic Acid Esters Price in China - 2023

Methacrylic Acid Esters Price in China (FOB) - 2023

In June 2023, the average methacrylic acid esters export price amounted to $1,887 per ton, growing by 4.3% against the previous month. In general, the export price, however, recorded a mild downturn. The pace of growth appeared the most rapid in October 2022 an increase of 20% m-o-m. As a result, the export price reached the peak level of $2,610 per ton. From November 2022 to June 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was the United States ($3,774 per ton), while the average price for exports to Mexico ($1,394 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

Methacrylic Acid Esters Price in China (CIF) - 2022

The average methacrylic acid esters import price stood at $1,825 per ton in 2022, growing by 1.6% against the previous year. Overall, the import price, however, continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 29% against the previous year. The import price peaked at $2,497 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($4,765 per ton), while the price for Indonesia ($920 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Methacrylic Acid Esters Exports in China

After three years of growth, overseas shipments of esters of methacrylic acid decreased by -23.4% to 137K tons in 2022. Overall, exports, however, posted significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 260% against the previous year. As a result, the exports reached the peak of 179K tons, and then contracted remarkably in the following year.

In value terms, methacrylic acid esters exports contracted dramatically to $318M in 2022. Over the period under review, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 276% against the previous year. As a result, the exports reached the peak of $412M, and then dropped significantly in the following year.

Export of Methacrylic Acid Esters in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	13.8	8.9	49.3	39.6	42.1%
India	8.4	8.5	63.4	38.1	65.5%
South Korea	7.6	7.6	37.4	22.1	42.7%
Germany	13.6	10.0	18.9	19.6	13.0%
United States	16.7	6.7	23.1	15.5	-2.5%
Brazil	5.7	5.4	10.2	15.0	38.1%
Mexico	1.7	1.2	28.6	13.6	100.0%
Belgium	3.4	2.7	14.6	13.3	57.6%
Turkey	0.6	1.0	26.1	12.5	175.2%
Russia	0.9	1.0	4.4	10.9	129.6%
Japan	10.4	8.7	11.6	10.6	0.6%
Malaysia	6.4	4.5	11.3	8.7	10.8%
Indonesia	2.5	2.1	7.5	7.9	46.7%
Others	39.5	41.0	105	90.3	31.7%
Total	131	109	412	318	34.4%

Top Export Markets for Methacrylic Acid Esters from China in 2022:

India (19.6K tons)
Netherlands (15.4K tons)
Mexico (7.8K tons)
South Korea (7.6K tons)
Turkey (7.4K tons)
Brazil (5.0K tons)
Belgium (5.0K tons)
Russia (4.9K tons)
Malaysia (4.4K tons)
Germany (4.3K tons)
Indonesia (4.2K tons)
United States (3.5K tons)
Japan (3.2K tons)

Methacrylic Acid Esters Imports in China

In 2022, purchases abroad of esters of methacrylic acid decreased by -14.6% to 117K tons, falling for the second consecutive year after two years of growth. In general, imports saw a abrupt setback. The pace of growth appeared the most rapid in 2020 when imports increased by 20% against the previous year. As a result, imports reached the peak of 259K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, methacrylic acid esters imports dropped to $214M in 2022. Overall, imports showed a abrupt slump. The pace of growth was the most pronounced in 2020 when imports increased by 0.3% against the previous year. As a result, imports reached the peak of $360M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Methacrylic Acid Esters in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	55.7	49.0	39.7	48.2	-4.7%
Japan	20.9	34.3	39.7	34.4	18.1%
Germany	25.9	29.6	27.9	14.7	-17.2%
Saudi Arabia	139	137	49.0	14.4	-53.0%
Malaysia	5.8	10.9	16.1	12.0	27.4%
Thailand	6.9	1.8	3.1	8.5	7.2%
Vietnam	4.7	3.8	7.5	7.0	14.2%
Indonesia	6.1	4.0	8.5	6.5	2.1%
Singapore	3.9	14.6	6.5	5.1	9.4%
India	11.3	2.9	2.7	N/A	-51.1%
Taiwan (Chinese)	64.1	N/A	N/A	N/A	0%
Others	14.8	71.4	45.3	62.8	61.9%
Total	359	360	246	214	-15.8%

Top Suppliers of Methacrylic Acid Esters to China in 2022:

India (undefinedK tons)
South Korea (19.7K tons)
Japan (14.3K tons)
Malaysia (11.7K tons)
Saudi Arabia (10.1K tons)
Vietnam (7.5K tons)
Indonesia (7.1K tons)
Thailand (6.1K tons)
Germany (3.1K tons)
Singapore (3.0K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the methacrylic acid esters market in China. 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.

Product coverage:

Prodcom 20143340 - Esters of methacrylic acid

Country coverage:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023