Australia: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in Australia

The Australian polymethyl methacrylate market shrank to $X in 2022, which is down by X% against the previous year. Overall, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Polymethyl Methacrylate Production in Australia

In value terms, polymethyl methacrylate production fell to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a buoyant increase. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Polymethyl Methacrylate Exports

Exports from Australia

In 2022, overseas shipments of polymethyl methacrylate in primary forms decreased by X% to X tons, falling for the fourth year in a row after three years of growth. Overall, exports, however, recorded a slight expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, polymethyl methacrylate exports fell rapidly to $X in 2022. Over the period under review, exports, however, posted a buoyant expansion. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), Fiji (X tons) and Solomon Islands (X tons) were the main destinations of polymethyl methacrylate exports from Australia, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Solomon Islands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Fiji ($X), Solomon Islands ($X) and Malaysia ($X) appeared to be the largest markets for polymethyl methacrylate exported from Australia worldwide, together accounting for X% of total exports.

Among the main countries of destination, Solomon Islands, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average polymethyl methacrylate export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price, however, posted a temperate expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Polymethyl Methacrylate Imports

Imports into Australia

In 2022, the amount of polymethyl methacrylate in primary forms imported into Australia shrank markedly to X tons, with a decrease of X% against 2021 figures. In general, imports showed a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, polymethyl methacrylate imports contracted to $X in 2022. Overall, imports saw a perceptible setback. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Singapore (X tons) and South Korea (X tons) were the main suppliers of polymethyl methacrylate imports to Australia, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polymethyl methacrylate suppliers to Australia were China ($X), Singapore ($X) and the Netherlands ($X), with a combined X% share of total imports. The United States, South Korea, Germany, Taiwan (Chinese), Thailand, Saudi Arabia, Japan, the United Arab Emirates and India lagged somewhat behind, together comprising a further X%.

Saudi Arabia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average polymethyl methacrylate import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform