Report Update: May 1, 2024

India - Polymethyl Methacrylate In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights

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Polymethyl Methacrylate Price in India - 2023

Polymethyl Methacrylate Price in India (CIF) - 2022

In 2022, the average polymethyl methacrylate import price amounted to $2,621 per ton, with an increase of 7.7% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 32%. The import price peaked at $2,756 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 Japan ($5,806 per ton), while the price for Saudi Arabia ($1,852 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Polymethyl Methacrylate Price in India (FOB) - 2023

In July 2023, the average polymethyl methacrylate export price amounted to $2,188 per ton, growing by 9.6% against the previous month. Overall, export price indicated a modest expansion from July 2022 to July 2023: its price increased at an average monthly rate of +1.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, polymethyl methacrylate export price increased by +46.8% against March 2023 indices. The pace of growth was the most pronounced in December 2022 when the average export price increased by 53% month-to-month. Over the period under review, the average export prices reached the peak figure at $2,555 per ton in August 2022; however, from September 2022 to July 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($4,801 per ton), while the average price for exports to Jordan ($380 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.

Polymethyl Methacrylate Imports in India

In 2022, approx. 31K tons of polymethyl methacrylate in primary forms were imported into India; picking up by 9% on the year before. The total import volume increased at an average annual rate of +8.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 17% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, polymethyl methacrylate imports soared to $82M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Import of Polymethyl Methacrylate in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	27.0	25.4	35.5	41.1	15.0%
Singapore	12.3	8.8	10.8	13.8	3.9%
Saudi Arabia	2.5	6.1	9.8	9.5	56.0%
Netherlands	1.4	1.1	1.2	3.4	34.4%
Japan	4.6	2.5	2.5	2.5	-18.4%
China	4.2	3.3	3.1	2.5	-15.9%
Belgium	0.4	2.2	2.4	2.0	71.0%
Germany	0.6	0.7	1.4	1.8	44.2%
Others	4.1	3.8	3.6	5.9	12.9%
Total	57.1	53.9	70.2	82.5	13.1%

Top Suppliers of Polymethyl Methacrylate to India in 2022:

South Korea (14.5K tons)
Singapore (6.2K tons)
Saudi Arabia (5.2K tons)
China (1.1K tons)
Netherlands (0.8K tons)
Belgium (0.6K tons)
Germany (0.5K tons)
Japan (0.4K tons)

Polymethyl Methacrylate Exports in India

In 2022, the amount of polymethyl methacrylate in primary forms exported from India declined notably to 3.4K tons, reducing by -15.7% compared with 2021. Over the period under review, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 13%. As a result, the exports attained the peak of 4K tons, and then declined markedly in the following year.

In value terms, polymethyl methacrylate exports fell rapidly to $6.5M in 2022. In general, exports recorded a perceptible decrease. The growth pace was the most rapid in 2021 when exports increased by 40%. As a result, the exports attained the peak of $9M, and then declined notably in the following year.

Export of Polymethyl Methacrylate in India (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Nepal	2,217	2,023	1,600	2,539	4.6%
Germany	1,312	924	1,416	1,027	-7.8%
Bangladesh	352	519	1,408	628	21.3%
United States	445	595	628	419	-2.0%
Sri Lanka	629	129	394	230	-28.5%
Taiwan (Chinese)	117	48.7	20.8	120	0.8%
Tanzania	210	23.2	38.6	81.2	-27.1%
United Arab Emirates	351	276	394	41.2	-51.0%
Others	1,315	1,900	3,097	1,438	3.0%
Total	6,947	6,439	8,997	6,524	-2.1%

Top Export Markets for Polymethyl Methacrylate from India in 2022:

Nepal (1992.1 tons)
Bangladesh (371.8 tons)
Germany (220.3 tons)
Sri Lanka (114.0 tons)
United States (92.6 tons)
Taiwan (Chinese) (90.4 tons)
Tanzania (78.0 tons)
United Arab Emirates (24.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the polymethyl methacrylate market in India. 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 20165350 - Polymethyl methacrylate, in primary forms

Country coverage:

India

Data coverage:

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

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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
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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