South-Eastern Asia: Methacrylic Acid Market 2024

Methacrylic Acid Market Size in South-Eastern Asia

The Southeast Asian methacrylic acid market fell notably to $X in 2022, shrinking by X% against the previous year. Overall, consumption recorded a deep setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Methacrylic Acid Production in South-Eastern Asia

In value terms, methacrylic acid production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Methacrylic Acid Exports

Exports in South-Eastern Asia

After eight years of growth, overseas shipments of methacrylic acid and its salts decreased by X% to X tons in 2022. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, methacrylic acid exports plummeted to $X in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then shrank sharply in the following year.

Exports by Country

The biggest shipments were from Thailand (X tons), together finishing at X% of total export.

Thailand was also the fastest-growing in terms of the methacrylic acid and its salts exports, with a CAGR of X% from 2012 to 2022. Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) also remains the largest methacrylic acid supplier in South-Eastern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand amounted to X%.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, which is down by X% against the previous year. Overall, the export price showed a abrupt slump. 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 peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to X% per year.

Methacrylic Acid Imports

Imports in South-Eastern Asia

In 2022, methacrylic acid imports in South-Eastern Asia contracted rapidly to X tons, reducing by X% against 2021 figures. In general, imports showed a mild decrease. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, methacrylic acid imports contracted markedly to $X in 2022. Over the period under review, imports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Malaysia represented the major importing country with an import of around X tons, which finished at X% of total imports. It was distantly followed by Indonesia (X tons), Singapore (X tons) and the Philippines (X tons), together constituting a X% share of total imports. Vietnam (X tons) and Thailand (X tons) took a little share of total imports.

Imports into Malaysia decreased at an average annual rate of X% from 2012 to 2022. At the same time, the Philippines (X%), Singapore (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%) and Thailand (X%) illustrated a downward trend over the same period. While the share of Malaysia (X p.p.), the Philippines (X p.p.) and Singapore (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) constitutes the largest market for imported methacrylic acid and its salts in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

In Malaysia, methacrylic acid imports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price recorded a mild downturn. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Vietnam ($X per ton) and Thailand ($X per ton), while Malaysia ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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