Europe: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in Europe

After two years of growth, the Europe polymethyl methacrylate market decreased by X% to $X in 2023. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The level of consumption peaked at $X in 2022, and then contracted in the following year.

Polymethyl Methacrylate Production in Europe

In value terms, polymethyl methacrylate production reached $X in 2023 estimated in export price. The total output value 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. The level of production peaked at $X in 2017; however, from 2018 to 2023, production failed to regain momentum.

Polymethyl Methacrylate Exports

Exports in Europe

Polymethyl methacrylate exports surged to X tons in 2023, increasing by X% against the previous year's figure. Overall, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is likely to see gradual growth in years to come.

In value terms, polymethyl methacrylate exports soared to $X in 2023. Total exports indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Belgium was the largest exporter of polymethyl methacrylate in primary forms in Europe, with the volume of exports amounting to X tons, which was near X% of total exports in 2023. The Netherlands (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Poland (X%) and Slovenia (X%). Switzerland (X tons), France (X tons), the Czech Republic (X tons) and Spain (X tons) took a little share of total exports.

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

In value terms, the largest polymethyl methacrylate supplying countries in Europe were Belgium ($X), the Netherlands ($X) and France ($X), together comprising X% of total exports.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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

The export price in Europe stood at $X per ton in 2023, growing by X% against the previous year. In general, the export price, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Polymethyl Methacrylate Imports

Imports in Europe

In 2023, overseas purchases of polymethyl methacrylate in primary forms increased by X% to X tons, rising for the fourth year in a row after two years of decline. The total import 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 2016 with an increase of X% against the previous year. The volume of import peaked in 2023 and is likely to see gradual growth in years to come.

In value terms, polymethyl methacrylate imports amounted to $X in 2023. The total import value 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 throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in the immediate term.

Imports by Country

The purchases of the twelve major importers of polymethyl methacrylate in primary forms, namely Germany, Belgium, Spain, Poland, Russia, Bulgaria, Italy, the Netherlands, the Czech Republic, France, Slovakia and Austria, represented more than two-thirds of total import.

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

In value terms, the largest polymethyl methacrylate importing markets in Europe were Germany ($X), Italy ($X) and Poland ($X), together comprising X% of total imports. Spain, Belgium, the Czech Republic, France, the Netherlands, Slovakia, Russia, Bulgaria and Austria lagged somewhat behind, together accounting for a further X%.

Bulgaria, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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 Europe stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the import price recorded a mild downturn. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was France ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform