Report Update: May 1, 2024

Republic of Korea - Esters Of Methacrylic Acid - Market Analysis, Forecast, Size, Trends And Insights

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Methacrylic Acid Esters Price in South Korea - 2022

Methacrylic Acid Esters Price in South Korea (FOB) - 2022

The average methacrylic acid esters export price stood at $1,781 per ton in December 2022, which is down by -7.3% against the previous month. In general, the export price recorded a noticeable curtailment. The pace of growth was the most pronounced in January 2022 when the average export price increased by 19% month-to-month. Over the period under review, the average export prices hit record highs at $3,365 per ton in June 2022; however, from July 2022 to December 2022, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Japan ($6,302 per ton), while the average price for exports to the Netherlands ($1,473 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Methacrylic Acid Esters Price in South Korea (CIF) - 2022

In December 2022, the average methacrylic acid esters import price amounted to $2,474 per ton, with an increase of 5.5% against the previous month. Over the period under review, the import price, however, continues to indicate a perceptible decline. The pace of growth appeared the most rapid in May 2022 when the average import price increased by 14% month-to-month. Over the period under review, average import prices hit record highs at $3,417 per ton in December 2021; however, from January 2022 to December 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was China ($6,582 per ton), while the price for Japan stood at $1,905 per ton.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Japan (-2.8%).

Methacrylic Acid Esters Exports in South Korea

For the third consecutive year, South Korea recorded decline in overseas shipments of esters of methacrylic acid, which decreased by -6.3% to 52K tons in 2022. Overall, exports continue to indicate a deep slump. The smallest decline of -3.5% was in 2021.

In value terms, methacrylic acid esters exports dropped to $127M in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 45%. As a result, the exports attained the peak of $145M, and then declined in the following year.

Export of Methacrylic Acid Esters in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	51.0	41.5	27.1	33.3	-13.2%
United States	17.9	14.4	46.6	25.9	13.1%
Netherlands	12.5	7.9	17.6	16.9	10.6%
Germany	1.7	2.1	6.7	7.4	63.3%
Japan	4.4	4.6	7.1	7.1	17.3%
Taiwan (Chinese)	5.5	4.6	7.7	6.3	4.6%
India	4.8	2.1	5.5	5.1	2.0%
Belgium	1.7	0.9	4.1	4.4	37.3%
United Kingdom	0.9	0.9	2.4	2.9	47.7%
Vietnam	1.7	2.3	1.5	2.3	10.6%
France	1.1	0.8	0.4	2.0	22.1%
Thailand	4.0	2.6	1.7	1.6	-26.3%
Indonesia	6.4	6.6	2.4	1.5	-38.3%
Others	16.4	9.3	14.6	10.2	-14.6%
Total	130	101	145	127	-0.8%

Top Export Markets for Methacrylic Acid Esters from South Korea in 2022:

China (15.8K tons)
United States (9.9K tons)
Netherlands (7.3K tons)
Germany (3.2K tons)
India (2.5K tons)
Belgium (2.0K tons)
Taiwan (Chinese) (1.8K tons)
Japan (1.2K tons)
Vietnam (1.1K tons)
France (0.8K tons)
United Kingdom (0.8K tons)
Indonesia (0.6K tons)
Thailand (0.6K tons)

Methacrylic Acid Esters Imports in South Korea

Methacrylic acid esters imports into South Korea reduced to 44K tons in 2022, with a decrease of -10.5% compared with the previous year. Over the period under review, imports faced a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 35%.

In value terms, methacrylic acid esters imports declined to $124M in 2022. Overall, imports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 64% against the previous year.

Import of Methacrylic Acid Esters in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	115	64.0	90.2	80.3	-11.3%
China	8.2	8.2	37.0	29.3	52.9%
Taiwan (Chinese)	0.1	0.2	0.6	2.5	192.4%
Thailand	8.9	1.9	0.5	1.9	-40.2%
Others	7.6	10.4	10.4	10.3	10.7%
Total	140	84.7	139	124	-4.0%

Top Suppliers of Methacrylic Acid Esters to South Korea in 2022:

Japan (33.6K tons)
China (7.7K tons)
Thailand (1.1K tons)
Taiwan (Chinese) (1.1K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the methacrylic acid esters market in Republic of Korea. 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:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
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
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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
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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