Eastern Europe: Methacrylic Acid Esters Market 2024

Methacrylic Acid Esters Market Size in Eastern Europe

The East European methacrylic acid esters market totaled $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the near future.

Methacrylic Acid Esters Production in Eastern Europe

In value terms, methacrylic acid esters production declined sharply to $X in 2022 estimated in export price. Overall, production recorded a precipitous descent. The growth pace was the most rapid in 2017 when the production volume increased by X,050%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Methacrylic Acid Esters Exports

Exports in Eastern Europe

For the third consecutive year, Eastern Europe recorded decline in overseas shipments of esters of methacrylic acid, which decreased by X% to X tons in 2022. In general, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, methacrylic acid esters exports soared to $X in 2022. Over the period under review, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia was the main exporting country with an export of about X tons, which finished at X% of total exports. The Czech Republic (X tons) held the second position in the ranking, followed by Poland (X tons) and Romania (X tons). All these countries together held approx. X% share of total exports. Bulgaria (X tons) held a minor share of total exports.

Exports from Russia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Bulgaria (X%), Romania (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Poland (X%) illustrated a downward trend over the same period. The Czech Republic (X p.p.), Poland (X p.p.), Romania (X p.p.) and Bulgaria (X p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the Czech Republic ($X), Russia ($X) and Romania ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Poland and Bulgaria lagged somewhat behind, together accounting for a further X%.

Bulgaria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, surging by X% against the previous year. In general, the export price showed a buoyant increase. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Russia ($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 Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Methacrylic Acid Esters Imports

Imports in Eastern Europe

In 2022, the amount of esters of methacrylic acid imported in Eastern Europe shrank to X tons, which is down by X% on the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by X%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, methacrylic acid esters imports rose rapidly to $X in 2022. Total imports indicated a strong increase 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Slovakia (X tons) and Russia (X tons) were the main importers of esters of methacrylic acid in 2022, finishing at near X% and X% of total imports, respectively. Poland (X tons) ranks next in terms of the total imports with a X% share, followed by the Czech Republic (X%) and Hungary (X%). Romania (X tons) followed a long way behind the leaders.

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

In value terms, Slovakia ($X), Russia ($X) and Poland ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Hungary, the Czech Republic and Romania lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Hungary, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, surging by X% against the previous year. Import price indicated a perceptible expansion from 2012 to 2022: its price 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, methacrylic acid esters import price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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