Eastern Europe: Methacrylic Acid Market 2024

Methacrylic Acid Market Size in Eastern Europe

For the third year in a row, the East European methacrylic acid market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption saw prominent growth. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Methacrylic Acid Production in Eastern Europe

In value terms, methacrylic acid production expanded rapidly to $X in 2022 estimated in export price. In general, production, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Methacrylic Acid Exports

Exports in Eastern Europe

In 2022, approx. X tons of methacrylic acid and its salts were exported in Eastern Europe; waning by X% against the previous year's figure. Over the period under review, exports showed a noticeable decrease. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then dropped remarkably in the following year.

In value terms, methacrylic acid exports dropped to $X in 2022. Overall, exports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia prevails in exports structure, finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Hungary (X tons), creating an X% share of total exports. Poland (X tons) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the methacrylic acid and its salts exports, with a CAGR of X% from 2012 to 2022. At the same time, Hungary (X%) displayed positive paces of growth. By contrast, Poland (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia and Hungary increased by X and X percentage points, respectively.

In value terms, Russia ($X) emerged as the largest methacrylic acid supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (X% per year) and Hungary (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, picking up by X% against the previous year. In general, the export price continues to indicate a modest expansion. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. As a result, the export price attained 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 Poland ($X per ton), while Russia ($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 mixed trends in the export price figures.

Methacrylic Acid Imports

Imports in Eastern Europe

In 2022, the amount of methacrylic acid and its salts imported in Eastern Europe expanded remarkably to X tons, with an increase of X% compared with the year before. Over the period under review, imports showed a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, methacrylic acid imports stood at $X in 2022. In general, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Russia was the major importer of methacrylic acid and its salts in Eastern Europe, with the volume of imports recording X tons, which was near X% of total imports in 2022. Hungary (X tons) ranks second in terms of the total imports with a X% share, followed by Poland (X%). The following importers - Romania (X tons) and the Czech Republic (X tons) - each accounted for a X% share of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Romania (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. Hungary experienced a relatively flat trend pattern. By contrast, Poland (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.) and Romania (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hungary (X p.p.), the Czech Republic (X p.p.) and Poland (X p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported methacrylic acid and its salts in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by Hungary, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Russia totaled X%. In the other countries, the average annual rates were as follows: Poland (X% per year) and Hungary (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, 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 Poland ($X per ton), while Russia ($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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