China - Methacrylic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMethacrylic Acid Price in China - 2023
Contents:
- Methacrylic Acid Price in China (FOB) - 2023
- Methacrylic Acid Price in China (CIF) - 2022
- Methacrylic Acid Exports in China
- Methacrylic Acid Imports in China
Methacrylic Acid Price in China (FOB) - 2023
The average methacrylic acid export price stood at $2,278 per ton in June 2023, surging by 12% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The export price peaked at $2,608 per ton in January 2023; however, from February 2023 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was India ($5,587 per ton), while the average price for exports to Japan ($1,676 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 Argentina (+5.8%), while the prices for the other major destinations experienced a decline.
Methacrylic Acid Price in China (CIF) - 2022
The average methacrylic acid import price stood at $2,379 per ton in 2022, reducing by -15.9% against the previous year. Over the period under review, the import price continues to indicate a slight descent. The pace of growth was the most pronounced in 2017 an increase of 77%. Over the period under review, average import prices attained the maximum at $3,663 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
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 the United States ($7,048 per ton), while the price for South Korea ($2,133 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-0.6%), while the prices for the other major suppliers experienced a decline.
Methacrylic Acid Exports in China
In 2022, approx. 22K tons of methacrylic acid and its salts were exported from China; reducing by -38.6% compared with the previous year's figure. Over the period under review, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 394%. As a result, the exports attained the peak of 36K tons, and then fell notably in the following year.
In value terms, methacrylic acid exports shrank dramatically to $51M in 2022. Overall, exports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2021 when exports increased by 531%. As a result, the exports attained the peak of $93M, and then reduced rapidly in the following year.
| Export of Methacrylic Acid in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1.0 | 0.1 | 17.1 | 7.7 | 97.5% |
| India | 10.1 | 3.4 | 18.8 | 7.6 | -9.0% |
| Belgium | 0.5 | 0.1 | 3.1 | 5.5 | 122.4% |
| Russia | 1.7 | 0.5 | 3.6 | 5.5 | 47.9% |
| Brazil | 5.0 | 2.1 | 6.9 | 3.2 | -13.8% |
| United Kingdom | 1.8 | 0.2 | 1.0 | 3.2 | 21.1% |
| Malaysia | 6.6 | 1.7 | 7.0 | 2.2 | -30.7% |
| South Africa | 1.5 | 0.7 | 2.3 | 2.1 | 11.9% |
| Indonesia | 0.9 | 0.8 | 2.4 | 1.8 | 26.0% |
| Mexico | 0.6 | 0.3 | 1.9 | 1.4 | 32.6% |
| Japan | 0.5 | 0.4 | 0.6 | 1.3 | 37.5% |
| United Arab Emirates | 0.1 | N/A | 1.3 | 0.7 | 91.3% |
| France | 1.8 | N/A | 1.2 | N/A | -18.4% |
| Others | 9.2 | 4.2 | 26.0 | 8.5 | -2.6% |
| Total | 41.4 | 14.8 | 93.2 | 50.8 | 7.1% |
Top Export Markets for Methacrylic Acid from China in 2022:
- Netherlands (3.8K tons)
- Belgium (2.6K tons)
- Russia (2.5K tons)
- India (2.2K tons)
- United Kingdom (1.6K tons)
- Brazil (1.4K tons)
- Malaysia (1.2K tons)
- South Africa (1.0K tons)
- Indonesia (0.8K tons)
- Mexico (0.5K tons)
- Japan (0.5K tons)
- United Arab Emirates (0.3K tons)
Methacrylic Acid Imports in China
In 2022, the amount of methacrylic acid and its salts imported into China rose rapidly to 9.4K tons, increasing by 12% against 2021 figures. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 20% against the previous year. As a result, imports reached the peak of 11K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, methacrylic acid imports declined to $22M in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. As a result, imports reached the peak of $24M, and then contracted in the following year.
| Import of Methacrylic Acid in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 1.4 | 5.7 | 8.0 | 10.1 | 93.2% |
| Thailand | 5.8 | 6.1 | 6.1 | 4.5 | -8.1% |
| Japan | 2.3 | 1.8 | 2.3 | 1.5 | -13.3% |
| United States | 0.8 | 0.8 | 1.1 | 1.3 | 17.6% |
| Taiwan (Chinese) | 10.3 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 4.3 | 6.0 | 5.0 | 268.4% |
| Total | 20.7 | 18.8 | 23.6 | 22.3 | 2.5% |
Top Suppliers of Methacrylic Acid to China in 2022:
- South Korea (4.7K tons)
- Thailand (2.0K tons)
- Japan (0.6K tons)
- United States (0.2K tons)
This report provides an in-depth analysis of the methacrylic acid 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 20143330 - Methacrylic acid and its salts
Country coverage:
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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