ASEAN: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in ASEAN

The ASEAN polymethyl methacrylate market rose sharply to $X in 2023, increasing by X% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. The level of consumption peaked in 2023 and is likely to continue growth in years to come.

Polymethyl Methacrylate Production in ASEAN

In value terms, polymethyl methacrylate production fell slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2023, production failed to regain momentum.

Polymethyl Methacrylate Exports

Exports in ASEAN

In 2023, overseas shipments of polymethyl methacrylate in primary forms decreased by X% to X tons, falling for the second consecutive year after three years of growth. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, polymethyl methacrylate exports shrank remarkably to $X in 2023. Overall, exports showed a pronounced downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

Singapore was the largest exporter of polymethyl methacrylate in primary forms in ASEAN, with the volume of exports resulting at X tons, which was near X% of total exports in 2023. Malaysia (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (X%) and Indonesia (X%). Vietnam (X tons) followed a long way behind the leaders.

Exports from Singapore decreased at an average annual rate of X% from 2012 to 2023. At the same time, Malaysia (X%), Indonesia (X%), Thailand (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Malaysia, Thailand and Indonesia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest polymethyl methacrylate supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Thailand, with an X% share.

In Singapore, polymethyl methacrylate exports contracted by an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per ton, declining by X% against the previous year. Overall, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the export price figures.

Polymethyl Methacrylate Imports

Imports in ASEAN

In 2023, overseas purchases of polymethyl methacrylate in primary forms increased by X% to X tons, rising for the third year in a row after two years of decline. In general, imports saw a strong increase. The pace of growth was the most pronounced in 2022 with an increase of X%. The volume of import peaked in 2023 and is likely to continue growth in the immediate term.

In value terms, polymethyl methacrylate imports declined to $X in 2023. Overall, imports posted a resilient increase. The growth pace was the most rapid in 2018 when imports increased by X%. The level of import peaked at $X in 2022, and then fell in the following year.

Imports by Country

In 2023, Malaysia (X tons), distantly followed by Singapore (X tons), Indonesia (X tons), Vietnam (X tons) and Thailand (X tons) were the main importers of polymethyl methacrylate in primary forms, together constituting X% of total imports. The Philippines (X tons) held a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for Singapore (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constitutes the largest market for imported polymethyl methacrylate in primary forms in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with an X% share of total imports. It was followed by Indonesia, with a X% share.

In Malaysia, polymethyl methacrylate imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Indonesia (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2023, declining by X% against the previous year. In general, the import price saw a pronounced descent. The growth pace was the most rapid in 2017 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform